Liberty Defense Receives Another Letter of Intent from a Global Organization to Deploy HEXWAVE in its Facility for Enhanced Screening

Rhea-AI Summary

Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has announced a letter of intent from a large corporation to purchase its HEXWAVE™ system for enhanced security screening at a US facility. The HEXWAVE technology utilizes AI and advanced imaging to detect concealed threats without requiring individuals to divest personal items. CEO Bill Frain highlighted the growing demand for HEXWAVE across various sectors and emphasized the system's adaptability to customer needs. Liberty's focus on next-gen security solutions is supported by its exclusive licensing agreements with MIT for active radar imaging technology.

Positive

• Received a letter of intent from a large corporation for HEXWAVE system purchase.
• Growing demand for HEXWAVE technology across various sectors.
• HEXWAVE provides contactless screening and improved user privacy.

Negative

• None.

HEXWAVE seamlessly screens individuals and automatically alerts security operators to potential threats, metallic and non-metallic, on the person.

WILMINGTON, Mass., March 10, 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 concealed weapons and threats, is pleased to announce it has received a letter of intent from a large corporation to purchase a HEXWAVE^™ system to be deployed at one of its facilities in the US for screening of potential threats.

"We continue to see an increase in demand for the HEXWAVE across market verticals looking for enhanced screening capability," says Bill Frain, CEO of Liberty Defense. "We are working with high profile global organizations to incorporate HEXWAVE in the company's security operations to provide next generation security detection and seamless screening."

HEXWAVE uses millimeter wave, advanced 3D imaging, and AI to detect all types of concealed metallic and non-metallic weapons and other prohibited items – without having to divest common items. The system allows for rapid, automated screening using a high throughput, contactless, walkthrough portal. The AI provides an automatic go/no-go alert to security operators without showing any personal images, maintaining the privacy of individuals, and improving the screening experience.

"By using Artificial Intelligence to detect an object concealed on the body – whether that be a weapon or a prohibited item – we can customize and update the software according to the needs of the customer. This is a great advantage of the HEXWAVE, allowing us to have a solution for different applications and markets," added Frain.

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: 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/liberty-defense-receives-another-letter-of-intent-from-a-global-organization-to-deploy-hexwave-in-its-facility-for-enhanced-screening-301768594.html

SOURCE Liberty Defense Holdings Ltd.

FAQ

What is the latest news from Liberty Defense Holdings Ltd. regarding HEXWAVE?

Liberty Defense announced a letter of intent from a large corporation to purchase the HEXWAVE™ system, enhancing security screening capabilities.

What is HEXWAVE and how does it enhance security?

HEXWAVE is an AI-based system that detects concealed weapons and threats using advanced imaging technology, allowing for rapid and contactless screening.

When was the letter of intent for HEXWAVE announced?

The letter of intent was announced on March 10, 2023.

What is the significance of the letter of intent for Liberty Defense Holdings Ltd. (LDDFF)?

The letter of intent indicates increasing demand for Liberty's screening technology, potentially impacting future revenue and market positioning.