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Liberty Defense Holdings Ltd. develops multi-technology security screening systems for concealed weapons and threat detection in high-volume venues. Its updates focus on commercialization of HEXWAVE, an AI-assisted walkthrough screening system for which Liberty holds an exclusive MIT license and a technology transfer agreement for active 3D radar imaging patents, along with HD-AIT body scanner and shoe scanner technologies.
Recurring news includes airport and institutional deployments, customer contracts, aviation-security strategy, board and leadership appointments, and capital-market actions. The company completed a U.S. initial public offering and Nasdaq listing under DETX while continuing its TSX Venture Exchange listing under SCAN.
Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has signed a Memorandum of Understanding with the Maryland Stadium Authority to beta test its HEXWAVE™ product at Camden Yards Sports Complex in Baltimore. The testing is set to begin in Q1 2022 and will involve the detection of concealed weapons using advanced radar and AI technology. This collaboration aims to enhance security in sports venues, showcasing Liberty's commitment to innovative safety solutions in high-traffic areas. The CEO emphasizes the importance of aligning the product with market needs through live environment testing.
Liberty Defense Holdings Ltd. announced the addition of industry leaders Ajay Subramanian and Jeffrey Gordon to its team, focusing on enhancing threat detection technologies including the High Definition Advanced Imaging Technology (AIT) body scanner and the HEXWAVE system. Both technologies aim to improve airport security and screening efficiency, developed with support from the U.S. Department of Homeland Security. Subramanian's experience at Raytheon and Gordon's extensive engineering background will drive innovation at Liberty's new headquarters in Wilmington, MA.
Liberty Defense Holdings Ltd. (LDDFF) announced a $500,000 USD contract award from the TSA for its HEXWAVE™ system, aimed at enhancing screening capabilities for aviation workers. This system utilizes AI to detect both metallic and non-metallic threats while minimizing false alarms. The contract is part of the TSA's initiative to improve security measures at airports. CEO Bill Frain commended the TSA's efforts and emphasized Liberty's commitment to effective threat detection and security improvement.
Liberty Defense Holdings Ltd. (OTCQB: LDDFF) will present at the LD Micro Main Event from October 12-14, 2021, in Los Angeles. CEO Bill Frain is scheduled to speak on October 13 at 1:30 PM EDT, detailing the company's latest developments. Liberty specializes in security solutions for concealed weapons detection, featuring technologies like the HEXWAVE contactless screening system and advanced imaging technologies. The presentation will be accessible on Liberty's website post-conference.
Liberty Defense Holdings Ltd. has made strategic new hires in sales, engineering, and accounting to facilitate the beta launch of its HEXWAVE product and enhance product development for aviation checkpoints. Key appointments include Scott Trosper, a Senior Technical Architect with over 30 years of experience in aviation security, and Ian McNaughton, a business development leader from major security firms. These hires aim to accelerate Liberty's growth and technological advancements in security solutions while positioning the company for future profitability.
Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has signed a technical and marketing collaboration agreement with Micro-X Inc. to enhance security screening solutions. This partnership aims to integrate Micro-X's advanced baggage screener with Liberty's HEXWAVE walk-through portal, optimizing security in aviation and commercial settings. HEXWAVE provides contactless threat detection using AI, streamlining checkpoint procedures. The collaboration will include market research and customer feedback to develop innovative screening approaches.
Liberty Defense Holdings Ltd. announced the appointment of Linda L. Jacksta to its board of directors. With 35 years of experience at U.S. Customs & Border Protection, her leadership in security operations is expected to benefit Liberty as it enhances its technology for aviation security and other sectors. CEO Bill Frain praised her extensive background and network in border security. Jacksta's past roles include Deputy Executive Assistant Commissioner and Executive Director for the Cargo System Program Office at CBP.
Liberty Defense Holdings Ltd. has announced the leasing of 6,000 square feet of office and engineering lab space in Wilmington, Massachusetts, set to become its headquarters in September 2021. This move is aimed at supporting the company's HEXWAVE product development and upcoming beta deployment. Liberty has committed to a six-year lease with potential for expansion. Additionally, Liberty granted 240,000 stock options to directors and employees, with varying exercise prices and vesting schedules, pending regulatory approval.
Liberty Defense Holdings Ltd. (OTCQB: LDDFF) announced its participation at the Canaccord Genuity 41st Annual Growth Conference, scheduled for August 10-12, 2021. This virtual event will feature over 600 companies across various sectors, including technology and defense. CEO Bill Frain expressed enthusiasm regarding the opportunity to connect with investors and discuss the progress of their key product, HEXWAVE. Following the event, the presentation will be accessible on the company’s website. Liberty specializes in advanced security solutions for concealed weapons detection.
Liberty Defense Holdings Ltd. (OTCQB: LDDFF) announced a partnership with N4R B.V. in the Netherlands to enhance its presence in European aviation and commercial security sectors. Led by expert Gunther van Adrichem, N4R will assist Liberty in deploying its HEXWAVE and checkpoint technologies, optimized for post-Covid security needs. Bill Frain, CEO of Liberty Defense, emphasized the partnership's importance in advancing security applications. Liberty continues to focus on layered security solutions in high-traffic areas, ensuring comprehensive threat detection capabilities.