Liberty Defense Announces the Sale of its First HEXWAVE System
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.
- First sale of HEXWAVE system, indicating market demand.
- Investment of $40 million in HEXWAVE development shows commitment.
- Production scheduled to start in Q1 2023, with deliveries in Q2 2023.
- None.
LINEV Systems US, Inc. has purchased Liberty's first commercial HEXWAVE unit to bring the technology to the corrections industry
WILMINGTON, Mass., Jan. 24, 2023 /PRNewswire/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of detection solutions for concealed weapons and threats, is pleased to announce it has sold its first HEXWAVE™ system to LINEV Systems US, Inc. ("LINEV Systems"), a well-established leader in providing contraband detection security solutions to the corrections and other high security markets.
LINEV Systems plans to use the HEXWAVE unit for client demonstrations and act as a reseller for Liberty with a focus on the corrections and education verticals. LINEV Systems, which is part of the global LINEV Group, has been an industry-leading provider of x-ray imaging checkpoint security technology for over 15 years, including AI-driven x-ray security screening, benchtop scientific instruments, and x-ray non-destructive testing (NDT) systems. Over 1,000 LINEV transmission x-ray body scanners are deployed in 24 State Department of Corrections facilities across the US.
"HEXWAVE is an excellent complement to the LINEV Systems product lineup, offering a touchless, non-ionizing, contraband-detection solution suitable for non-inmate screening at corrections facilities. This could include staff, lawyers, and other visitors," said Bill Frain, CEO of Liberty. "This is a great opportunity to safely provide enhanced security and mitigate any potential threats or other unwanted contraband. This offers us an exciting opportunity to enhance our HEXWAVE AI algorithms to detect corrections industry-specific items of interest."
HEXWAVE uses millimeter wave, advanced 3D imaging, and AI to detect all types of concealed metallic and non-metallic weapons and other prohibited items. The system allows for rapid, automated screening using a high throughput, contactless, walkthrough portal.
"After spending several years and
Production of the HEXWAVE is scheduled to begin later in Q1 2023 with delivery of the first units in Q2 2023.
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On Behalf of Liberty Defense
Bill Frain
CEO & Director
Liberty Defense (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2A) 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
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.
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