Liberty Defense Develops Walkthrough Configuration of HEXWAVE with New AI Algorithm to Support

Rhea-AI Summary

Liberty Defense develops new AI algorithm to enhance threat-detection software for its HEXWAVE system

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• Liberty Defense has developed a new release of its AI-based threat-detection software algorithm, capable of detecting non-metallic and metallic threats, including 3D printed ghost guns and explosives. The algorithm will support the first-generation production HEXWAVE units with enhanced detection capabilities. The company has also built and produced its first HEXWAVE walkthrough portals to support growing orders and is on track to deliver a system to the TSA for airport employee screening. The production systems are expected to meet all performance objectives. The team is working to ramp up production rate.

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Software enhances overall performance of fully walkthrough system to detect a wide range of non-metallic and metallic threat types

WILMINGTON, Mass., Aug. 24, 2023 /PRNewswire/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of AI-based next generation detection solutions for protecting secure locations against prohibited weapons and other threats, is pleased to announce that it has developed a new release of its AI-based threat-detection software algorithm, capable of detecting non-metallic and metallic threats, including 3D printed ghost guns and liquid, powder, or plastic explosives, all while allowing for a continuous people flow through the HEXWAVE^™ portals.

Over the past several months, the company has collected thousands of images of prohibited items and additional non-metallic and metallic threats as part of the development of the new algorithm. This software algorithm will support the first-generation production HEXWAVE units that feature an enhanced detection array allowing for a full walkthrough configuration.

"We are pleased to report that we have now built and produced our first HEXWAVE walkthrough portals on the production floor at our Wilmington, MA facility to support our growing backlog of orders," said Bill Frain, CEO of Liberty Defense. "We are also on track to deliver a system to the TSA as part of our Aviation Worker Screening contract to support US airports with their new employee screening requirements. We expect these first production systems to meet all the performance objectives we set out to achieve, specifically the detection of a broad range of threats. In the meantime, the team is already working to ramp the production rate as we head into the remainder of the year."

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On Behalf of Liberty Defense
Bill Frain
CEO & Director

About Liberty Defense

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

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.

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SOURCE Liberty Defense Holdings Ltd.