Liberty Defense Announces Contract Signing for BIRD HLS and DHS Funded Program
Liberty Defense Holdings has signed a $1M Cooperation and Project Funding Agreement with the Israel-US BIRD Foundation for funding through the BIRD HLS Program, which is jointly sponsored by DHS and the Israel Ministry of Public Security. The project, which commenced on July 1, will integrate Liberty's HEXWAVE™ technology with Levitection's Q™ technology to enhance security screenings. Liberty is also engaging Emerging Markets Consulting for digital media services, including a marketing campaign worth up to $100,000. These developments align with Liberty's commitment to advancing homeland security solutions.
- Secured $1M funding from the BIRD Foundation for collaboration with Levitection.
- Integration of HEXWAVE™ and Q™ technologies enhances security solutions.
- Engaging Emerging Markets Consulting for strategic media services with a service value of up to $100,000.
- None.
ATLANTA, July 12, 2021 /PRNewswire/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2), a leading concealed weapons and threat detection solutions company, is pleased to announce that it has signed the Cooperation and Project Funding Agreement with The Israel-US Binational Industrial Research and Development (BIRD) Foundation, BIRD HLS Program, for
The BIRD Foundation is an organization that provides capital for joint industrial research and development between American and Israeli companies. BIRD was established in 1977 by the governments of the United States and Israel.
"Since the notification of award by BIRD in April, we have been finalizing the terms and conditions of the agreement as well as defining the scope of the project," said Bill Frain, CEO of Liberty Defense. "We formally kicked off the project on July 1st and are excited to be partnering with Levitection in Israel on this innovative screening approach for homeland security."
The integration and fusion of Liberty's HEXWAVE™ and Levitection's Q™ technologies, to be named HQ, will offer even further performance advantages through a layered, multi-sensor, contactless, public safety security solution to identify covert threats. Levitection's Q technology will be used as an early-warning platform that will be integrated with Liberty's HEXWAVE people screening threat detection system that will offer a best-in-class solution for the market.
"Over the past several months, Liberty has announced continued progress on the development of our flagship HEXWAVE walk through portal and the acquisition of aviation specific threat detection technology for passenger screening. The development of HQ with Levitection will add to our portfolio to thwart the potential for terrorist acts in high traffic areas," added Frain. "This includes taking a layered approach to security which HQ will provide."
BIRD HLS awarded funding earlier this year to two homeland security project collaborations between U.S. and Israeli companies, selected by the U.S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T), the Ministry of Public Security (MOPS) of the State of Israel and approved by the BIRD Foundation's Board of Governors, to advance technologies for homeland security.
The press release by the Department of Homeland Security can be found here News Release: U.S. and Israeli Partners Announce Awards for Homeland Security Technologies | Homeland Security (dhs.gov) and The BIRD Foundation release is here https://www.birdf.com/wp-content/uploads/2021/01/BIRD-HLS-PR-Jan-2021.pdf.
Liberty is also pleased to announce that it has engaged Emerging Markets Consulting, LLC of Florida, to perform strategic digital media services, marketing and data analytics services including, but not limited to, content development, video production and editing, website development, media buying and distribution, and campaign reporting and optimization. This campaign is set to begin in July 2021 and will continue until USD
On Behalf of Liberty Defense
Bill Frain
CEO & Director
About Liberty Defense
Liberty Defense (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2) 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. Learn more: LibertyDefense.com
About Levitection
Levitection is a scientific research and development company operating in the field of advanced electromagnetic imaging, specifically focused on the development of revolutionary Near Field Threat Detection (NFTD) systems for concealed weapon detection in public safety applications.
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 their respective 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 the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
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. Such factors include, among others: currency fluctuations; limited business history of the parties; 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; and general development, market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective 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.
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SOURCE Liberty Defense Holdings Ltd.
FAQ
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