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
FOR
IMMEDIATE RELEASE
Liberty
Defense Expands U.S. Distribution Footprint with New Agreement with VMI Security for HEXWAVE™
Wilmington,
MA, USA – September 24, 2026 – Liberty Defense Holdings Ltd. (“Liberty” or the “Company”)
(NASDAQ: DETX; TSXV: SCAN), a leading technology provider of AI-based, next-generation detection solutions for concealed weapons
and threats, today announced the execution of a strategic, non-exclusive distribution agreement with VMI Security.
VMI
Security is a recognized leader in non-intrusive security inspection solutions, serving a broad range of market verticals, including
aviation, critical infrastructure, government, and public venues. The agreement expands Liberty’s U.S. sales channel network and
strengthens the Company’s ability to address the large and growing demand for total security screening applications.
Under
the agreement, VMI will offer Liberty’s HEXWAVE™ walkthrough screening system as part of its security solutions
portfolio. HEXWAVE combines advanced artificial intelligence and machine learning with active sensing technology to detect metallic and
non-metallic weapons, explosives, and other emerging threats in real time, while enabling a high-throughput, frictionless screening experience.
The
partnership provides Liberty with access to VMI’s established customer relationships, extensive sales infrastructure, and deep
expertise across airports, critical infrastructure, public venues, and other security-sensitive environments. VMI’s established
market presence and ability to integrate multiple security technologies into comprehensive screening solutions are expected to enhance
Liberty’s ability to introduce HEXWAVE to new customers and support additional commercial opportunities.
“The
partnership with VMI Security comes at a critical time for the expanding US security screening market,” said Bill Frain, CEO
of Liberty Defense. “VMI has a proven track record of delivering next-generation security inspection technologies and the ability
to provide customers with end-to-end checkpoint screening solutions, now including HEXWAVE. We believe the combination of VMI’s
security expertise and customer reach with Liberty’s AI-enabled detection capabilities creates a compelling opportunity to expand
the adoption of HEXWAVE in high-value security applications.
“We
are extremely excited to add HEXWAVE to VMI’s growing portfolio of security screening solutions,” said Scott Ortolani, COO
of VMI Security. “I have personally followed the development of HEXWAVE since its introduction to the market, watching the technology
evolve and the product demonstrate its capabilities in real-world security environments. I have been consistently impressed by both the
technology and Liberty Defense’s vision for what advanced, high-throughput screening can become.
The
Company also announces that on September 24, 2026, it granted an aggregate of 43,888 restricted share units (the “RSUs”)
to certain directors and officers of the Company pursuant to the Company’s Omnibus Long-Term Incentive Plan dated for reference
November 6, 2025 (the “Plan”). Of the RSUs granted, 23,888 RSUs vest on September 24, 2027, and 20,000 RSUs vest on September
24, 2028. All RSUs have an expiry date of September 24, 2031. Each RSU entitles the holder to receive one common share of the Company
upon vesting and settlement.
For
updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.
About
Liberty Defense
Liberty
Defense (NASDAQ: DETX; TSXV: SCAN) provides multi-technology security solutions for concealed weapons detection in high volume
foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools, and more. 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.
For
updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.
ABOUT
VMI Security
VMI
Security is one of the world leaders in manufacturing and developing X-ray inspection technologies. With non-intrusive inspection solutions
that aim to strengthen control and security systems, VMI stands out for developing high-quality equipment and for its continuous support
services.
For
sales information, please contact:
Ian
McNaughton
Senior
Director Business Development, Liberty Defense
613-292-3669
imcnaughton@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
Defense | 187 Ballardvale Street, Suite 110, Wilmington, MA 01887, USA
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