STOCK TITAN

Liberty Defense Commences Beta Testing HEXWAVE System

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

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.

Positive
  • Successful commencement of HEXWAVE beta testing at a major venue.
  • Potential to enhance safety and detection of both metal and non-metal threats.
  • Significant milestone after over six years of development and investment.
Negative
  • None.

ATLANTA, Ga. and WILMINGTON, Mass., Aug. 22, 2022 /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 that today it has officially begun beta testing the HEXWAVE™ system at its first beta site, one of the largest Hindu temples in the United States.

The HEXWAVE walkthrough security detection system uses millimeter wave, video-rate 3D imaging, and artificial intelligence to detect and identify weapons and other dangerous items, including both metal and non-metal threats such as 3D-printed ghost guns. HEXWAVE does not require people to divest coats, cell phones, keys, or other benign items. The system provides security operators with an automatic go/no-go decision, and a seamless experience for venue patrons.

"Visitors and worshipers should not have to worry about their safety," said Dixit Suthar, security system administrator for the temple. "The temple receives thousands of visitors each week. The goal of increasing security screening is to stay ahead of threats today and promote peace of mind. With HEXWAVE, we were drawn to the potential of enhanced detection of metallic and non-metallic objects with a better view of new types of threats beyond guns and knives. Non-metallic explosives are a concern, be they liquid, powder, or plastic, as they are not detectable by other walkthrough screening technology on the market today. We are excited to trial the HEXWAVE and partner with Liberty."

As a global Hindu religious and social organization with 3,300 temples around the world, the organization has several temples located throughout North America and is the first house of worship to sign on with Liberty to test HEXWAVE. The beta testing will be conducted by screening visitors and worshipers inside the temple, as well as controlled testing that will be compared with Liberty's own internal data.

"After over six years of development and significant investment in the technology, we are very pleased to announce that today we have achieved a major milestone on Liberty's path to commercialization," said Bill Frain, CEO of Liberty Defense. "We are thrilled to have the HEXWAVE system in the field and operated by security staff of key industry-leading organizations representing our target verticals. Collecting data and market feedback during the beta trial period will be invaluable to our success."

As previously announced, the Company will also deploy beta units in several settings, including an MLB stadium, a large state university, and major airports for airline employee screening. Beta testing will continue over the coming 12 weeks.

For updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.

On Behalf of Liberty Defense 
Bill Frain
CEO & Director

About Liberty Defense

Liberty Defense (TSXV: SCANOTCQB: LDDFFFRANKFURT: 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

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.

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/liberty-defense-commences-beta-testing-hexwave-system-301609595.html

SOURCE Liberty Defense Holdings Ltd.

FAQ

What is the purpose of the HEXWAVE system by Liberty Defense (LDDFF)?

The HEXWAVE system is designed to detect both metal and non-metal weapons, enhancing security screening for high-traffic areas.

Where is Liberty Defense conducting beta testing for the HEXWAVE system?

Beta testing is currently taking place at a major Hindu temple in the U.S., with additional tests planned at an MLB stadium and airports.

How long will the beta testing for HEXWAVE last?

The beta testing of the HEXWAVE system will continue over the next 12 weeks.

What are the benefits of the HEXWAVE system compared to other security technologies?

HEXWAVE offers improved detection capabilities for a variety of threats, including non-metallic explosives, without requiring users to divest benign items.

What stock symbols are associated with Liberty Defense Holdings?

Liberty Defense Holdings is traded under the symbols LDDFF, SCAN, and LD2A.

LIBERTY DEFENSE HLDGS LTD

OTC:LDDFF

LDDFF Rankings

LDDFF Latest News

LDDFF Stock Data

18.92M
140.31M
3.1%
0.95%
Security & Protection Services
Industrials
Link
United States of America
Wilmington