Liberty Defense Stock Price, News & Analysis

Liberty Defense Holdings Ltd. (LDDFF) has been awarded the 'ASTORS' Homeland Security Award in gold for Best Weapons Detection Solution for its HEXWAVE™ system. This recognition highlights the effectiveness of HEXWAVE, which utilizes advanced technology to detect both metal and non-metal threats. Additionally, the company's leadership has shown confidence by purchasing 800,000 shares in recent financing. Liberty completed a private placement of 475,000 units at $0.275 each, with CEO Bill Frain investing $110,000 in 400,000 units.

Liberty Defense Holdings Ltd. has initiated beta testing of its HEXWAVE security system at Toronto Pearson International Airport, marking it as Canada's first trial of this technology. The testing began on November 1, 2022, and will run for two weeks. HEXWAVE is designed to enhance airport security by detecting concealed weapons without requiring passengers to remove items from pockets. Its AI-driven system promises a seamless experience while providing real-time threat assessments. The Greater Toronto Airports Authority supports this move, emphasizing technology's role in balancing security and customer experience.

Liberty Defense Holdings Ltd. has secured a $1.75 million contract from the Transportation Security Administration (TSA) to develop a prototype for a High-Definition Advanced Imaging Technology (HD-AIT) upgrade kit aimed at enhancing airport security screening. This initiative seeks to improve threat detection while reducing false alarms, ultimately enhancing the passenger experience during security checks. Liberty's innovative technology, previously licensed from the Pacific Northwest National Laboratory, will be developed in-house by their engineering team.

Liberty Defense Holdings Ltd. has announced a collaborative agreement to beta test its HEXWAVE™ system with a major US airline starting next month. The beta testing will occur in the airline's employee screening area at a major international airport. HEXWAVE is designed to detect hidden weapons and other threats using advanced technologies such as millimeter wave imaging and AI. The trial aims to gather feedback from the airline while enhancing security protocols. Liberty also plans additional beta tests at various high-traffic venues, continuing until the end of Q4 2022.

Liberty Defense Holdings Ltd. (OTCQB: LDDFF) announced the initiation of on-site beta testing for its HEXWAVE technology at the Camden Yards Sports Complex in Baltimore, in collaboration with the Maryland Stadium Authority. The testing will focus on screening employees and VIPs prior to MLB events, aiming to enhance security through a walkthrough portal capable of detecting both metal and non-metal threats. The trial will last 12 weeks, with additional tests planned in various settings. Liberty emphasizes the potential to adapt HEXWAVE's AI algorithms based on real-world data from this trial.

Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has begun beta testing its HEXWAVE™ system at a major Hindu temple in the U.S. This advanced security detection system utilizes millimeter wave technology and AI to identify weapons, including non-metal threats like 3D-printed guns. The temple, which attracts thousands of visitors weekly, aims to enhance safety without compromising user experience. CEO Bill Frain noted this milestone follows over six years of development. Additional beta tests will occur at various venues, including an MLB stadium and airports over the next 12 weeks.

Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has announced the initiation of beta trials for its HEXWAVE™ security detection system, set to begin by the end of August 2022. The trials will take place at various sites, including an MLB stadium and major airports, and are expected to last 12 weeks. The HEXWAVE utilizes advanced technologies to detect concealed threats and can process over 720 individuals per hour. Additionally, Liberty will present at the Canaccord Genuity Growth Conference on August 10, 2022, showcasing its security solutions.

Liberty Defense Holdings Ltd. has been awarded a contract with Battelle to develop and integrate next-generation airport checkpoint screening technology using HD-AIT upgrade kits. This technology improves passenger screening with advanced imaging capabilities, enhancing detection for evolving threats. Liberty's engineering team will work with the Pacific Northwest National Laboratory to design and deliver the retrofit kits. Additionally, on May 26, 2022, the company granted 113,405 restricted share units to enhance alignment between employee and shareholder interests.

Liberty Defense Holdings Ltd. has appointed Virginia Buckingham to its board of advisors. Buckingham, known for her leadership in security initiatives post-9/11, will aid in advancing the company's detection technologies for public safety. She has a strong background in technology deployment and previously held key positions, including CEO of the Massachusetts Port Authority. Liberty aims to enhance airport and public space security with its innovative products like HEXWAVE, set for beta testing in Q3 2022, and other advanced imaging technologies.