Liberty Defense Stock Price, News & Analysis

Liberty Defense Holdings Ltd. (OTCQB: LDDFF) announced that the Port of Oakland is set to evaluate the HEXWAVE™ system for employee screening at Oakland International Airport. This advanced security technology utilizes millimeter wave and AI for detecting concealed weapons, enhancing safety without requiring individuals to divest common items. The Port of Oakland, which significantly impacts the local economy, expressed interest in HEXWAVE's capacity to improve screening processes. Liberty Defense's CEO highlighted the flexibility and quick deployment advantages of HEXWAVE in security protocols.

The company, committed to enhancing community safety, aims to develop cutting-edge detection solutions in high-traffic locations.

Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has announced a letter of intent from a large corporation to purchase its HEXWAVE™ system for enhanced security screening at a US facility. The HEXWAVE technology utilizes AI and advanced imaging to detect concealed threats without requiring individuals to divest personal items. CEO Bill Frain highlighted the growing demand for HEXWAVE across various sectors and emphasized the system's adaptability to customer needs. Liberty's focus on next-gen security solutions is supported by its exclusive licensing agreements with MIT for active radar imaging technology.

Liberty Defense Holdings Ltd. has announced a Letter of Intent from the Greater Toronto Airports Authority (GTAA) to acquire the HEXWAVE walkthrough security detection portal for use at Toronto Pearson International Airport. This will make it the first airport globally to implement this innovative security technology, which utilizes advanced 3D imaging and AI to detect concealed weapons without requiring passengers to divest common items. The HEXWAVE is expected to enhance the airport's security protocols following further evaluation. Liberty Defense aims to address increasing security demands across various sectors, including airports.

Liberty Defense Holdings Ltd. has announced the field readiness of its proprietary AI platform, essential for the HEXWAVE™ walkthrough screening system designed for concealed weapons detection. The HEXWAVE utilizes advanced AI technology for real-time threat detection of both metallic and non-metallic items, setting it apart from competitors focusing solely on metallic threats. CEO Bill Frain emphasized the system's future-proof capabilities, including over-the-air software updates. The company aims to enhance security in high-traffic areas like airports and schools, benefiting from extensive beta testing to improve the platform's performance.

Liberty Defense Holdings Ltd. announced the sale of its first HEXWAVE system to LINEV Systems US, Inc. on January 24, 2023. This partnership aims to bring advanced contraband detection technology to the corrections industry. HEXWAVE is a touchless, non-ionizing solution designed for screening staff and visitors in corrections facilities, enhancing security while addressing potential threats. After investing $40 million in development, production is set to commence in Q1 2023, with initial unit deliveries expected in Q2. The integration of HEXWAVE with LINEV Systems aligns with Liberty's goal to expand its market presence in high-security environments.

Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has completed successful beta testing of its HEXWAVE™ technology across various significant locations in the US, including the University of Wisconsin and state capitol buildings. The trials screened approximately 10,000 individuals, demonstrating high throughput and enhanced detection capabilities without requiring users to divest common items. Feedback from these tests has led to improvements in system configuration and AI algorithms, which are necessary for the upcoming commercial product release slated for Q1 2023. The company aims to provide advanced solutions for both passenger and employee security, addressing insider threats in urban and aviation settings.

Liberty Defense Holdings Ltd. (OTCQB: LDDFF) announced the commencement of beta testing for its HEXWAVE security screening solution at the University of Wisconsin–Madison. The testing, taking place at a major sporting event this week, aims to evaluate HEXWAVE's capacity to detect concealed weapons and other threats. The system allows for quick passage without the need to divest personal items, streamlining security processes. Liberty has previously conducted trials at various high-profile venues, reinforcing its commitment to advanced security solutions.