Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Exhibit 99.1
Liberty
Defense Announces New Chairman to its Board of Directors
Experienced Security
Technology Leader Brings Deep Commercial, Technical and Federal Security Expertise to Liberty Defense
Wilmington, MA, USA – October
12, 2026 - Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (NASDAQ: DETX),
a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, today announced the
appointment of John R. Percival as Chairman of the Board of Directors, effective immediately. Jason Burinescu, Executive Chairman of
the Board of Directors, has left his role with the Company to pursue other business opportunities on a full time basis.
"We appreciate Jason’s contributions
to the organization during his tenure and thank him for his service," said Bill Frain, Liberty's CEO. "We wish him continued
success in his future endeavors."
The new appointment adds significant
experience in security technology, product commercialization, and organizational leadership as Liberty Defense continues to expand the
deployment of its advanced security screening solutions and execute on the growth opportunities ahead.
"We are extremely pleased to welcome
John as Chairman of the Board of Directors," said Bill Frain, CEO of Liberty Defense. "John has a strong track record of taking
security and imaging technologies from development through commercialization, along with deep engineering experience. Their combined
expertise will be highly valuable as we continue to grow Liberty Defense and expand our customer base."
John Percival Appointed Chairman
Mr. Percival is a seasoned business
and technology executive with extensive experience in security equipment, medical imaging, engineering, product development and operations.
Mr. Percival brings to the Board a combination of global security-market experience, technical expertise experience and proven leadership
in taking advanced technologies from development through commercialization and growth.
Most recently, he served as President
of SureScan EDS, a specialized manufacturer of X-ray-based explosive detection systems. During his tenure from 2016 through January 2023,
he transformed SureScan from a laboratory-stage organization into a commercial production company. Under his leadership, revenue increased
from under $2 million in 2016 to $26 million with positive cash flow.
Earlier in his career, Mr. Percival
held senior engineering and management positions at Brooks Automation, Analogic Corporation, Fluke Biomedical and Philips Medical Systems.
Mr. Percival holds an MBA from John Carroll University, a Master of Science in Electrical Engineering from Cleveland State University
and a Bachelor of Science in Electrical Engineering from Ohio University.
"I am excited to join Liberty
Defense at an important point in the Company's growth," said Mr. Percival. "Liberty has developed differentiated
security screening technology with significant potential across aviation, courts, corrections, and distribution markets. I look forward
to working with management and the Board to accelerate commercialization, strengthen execution and create long-term value for shareholders."
On Behalf of Liberty Defense
Bill Frain
CEO & Director
About Liberty Defense
Liberty Defense Holdings Ltd.
(“Liberty” or the “Company”) (NASDAQ: DETX) provides multi-technology security solutions for concealed
weapons detection in high volume foot traffic areas and locations requiring enhanced security in public places. Liberty’s HEXWAVE
product, for which the company has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology
transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to
provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimeter
wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology
portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions.
Learn more: LibertyDefense.com
FORWARD-LOOKING STATEMENTS
When used in this press release,
the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”,
“plan”, “predict”, “may” or “should” and the negative of these words or such variations
thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in
light of the experience of its officers and directors, current conditions and expected future developments and other factors that have
been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release
are reasonable, undue reliance should not be placed on them because Liberty can give no assurance that such statements will prove to
be correct. Such statements and information reflect the current view of Liberty.
By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements,
or other future events, to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. There are a number of important factors that could cause Liberty’s actual results to differ materially
from those indicated or implied by forward-looking statements and information, including those appearing in Liberty’s public filings.
Such factors include, among others: currency fluctuations; limited business history of Liberty; disruptions or changes in the credit
or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses;
general development, market and industry conditions; and other factors described in Liberty’s public filings. Liberty undertakes
no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial
or operating results (as applicable).
Liberty cautions that the foregoing
list of material factors is not exhaustive. When relying on Liberty’s forward-looking statements and information to make decisions,
investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed
that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ
materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can
be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained
in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change
after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable
laws.
Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
Liberty
Defense | 187 Ballardvale Street, Suite 110, Wilmington, MA 01887, USA