Liberty Defense Receives Contract Award from TSA for Open Architecture Application and Continued Development of AIT Screening Kits up to $3.8M

Rhea-AI Summary

Liberty Defense Holdings Ltd. has received a $1.25M contract from the Transportation Security Administration (TSA) with options for a total value of $3.86M. The contract is for providing Open Architecture software, engineering development, and the maturation of the HD-AIT Wideband Upgrade Kit for enhanced detection and improved passenger experience. Liberty's focus is to provide superior threat detection performance using next-generation AI and millimeter-wave imaging.

WILMINGTON, Mass., Nov. 1, 2023 /PRNewswire/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of Artificial Intelligence (AI) based next generation detection solutions for protecting secure locations against prohibited weapons and other threats, is pleased to announce that it has received a contract from the Transportation Security Administration (TSA) for $1.25M with options for a total value of $3.86M.

The purpose of this Research and Development contract is to provide the TSA with Open Architecture (OA) software, end-to-end engineering development, and the maturation of the High-Definition Advanced Imaging Technology (HD-AIT) Wideband Upgrade Kit that is anticipated to offer enhanced detection and an improved passenger experience. 

The TSA, an agency of the U.S. Department of Homeland Security, is responsible for all security screening conducted at airports in the United States. TSA's On-Person Screening program aims to detect a growing range of threats, with fewer false alarms and less physical contact. Per the TSA, Open Architecture is a technology-design approach for software and hardware that uses widely accepted standards to ensure interoperability across tools and platforms regardless of the technology designer, manufacturer, or supplier.

"We're honored to receive this award from TSA, as it represents further validation of Liberty's commitment to advancing the agency's ability to detect emerging and evolving threats concealed on-person while enabling the efficient and effective use of screening resources at the airport checkpoint," says Liberty President and CTO Michael Lanzaro. "Liberty's market and technology focus is to provide superior threat detection performance, including the detection of metallic and non-metallic threats, as part of an open-standards people screening solution using next-generation AI and millimeter-wave imaging. The HD-AIT Upgrade Kit will provide advanced threat detection and give TSA the opportunity to bring forth third-party providers that could provide other operational capabilities at the checkpoint."

Lanzaro further adds, "We're excited about TSA's vision for the future and remain steadfast on executing a strategy that breaks away from the traditional approach of providing proprietary security screening solutions to aviation and even the commercial markets." 

Liberty previously licensed millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe screener technologies in March of 2021. Both technologies were developed by researchers at the Pacific Northwest National Laboratory (PNNL), funded by U.S. Department of Homeland Security Science and Technology Directorate (DHS S&T) on behalf of the Transportation Security Administration mission. Liberty is now developing the technology in house with its experienced team of engineers.

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.

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SOURCE Liberty Defense Holdings Ltd.

FAQ

What is the contract received by Liberty Defense Holdings Ltd.?

Liberty Defense Holdings Ltd. has received a contract from the Transportation Security Administration (TSA) for $1.25M with options for a total value of $3.86M.

What will the contract be used for?

The contract will be used for providing Open Architecture software, engineering development, and the maturation of the HD-AIT Wideband Upgrade Kit for enhanced detection and improved passenger experience.

What is Liberty's market and technology focus?

Liberty's market and technology focus is to provide superior threat detection performance, including the detection of metallic and non-metallic threats, using next-generation AI and millimeter-wave imaging.

Who is responsible for security screening at airports in the United States?

The Transportation Security Administration (TSA), an agency of the U.S. Department of Homeland Security, is responsible for all security screening conducted at airports in the United States.

What is Open Architecture?

Open Architecture is a technology-design approach for software and hardware that uses widely accepted standards to ensure interoperability across tools and platforms regardless of the technology designer, manufacturer, or supplier.