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LIBERTY DEFENSE HLDGS LTD - LDDFF STOCK NEWS

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Liberty Defense Holdings Ltd. (LDDFF) is a leading technology provider of AI-based next-generation detection solutions for safeguarding secure locations against prohibited weapons and threats. They have recently received additional funding from the Transportation Security Administration (TSA) to develop a High-Definition Advanced Imaging Technology (HD-AIT) upgrade kit for passenger screening systems, offering greater threat detection and a lower false alarm rate. The company is committed to enhancing aviation security through innovative solutions like HEXWAVE, a discrete, modular, and scalable detection system that provides layered protection against metallic and non-metallic threats.

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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.

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Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has announced the initiation of beta trials for its HEXWAVE™ security detection system, set to begin by the end of August 2022. The trials will take place at various sites, including an MLB stadium and major airports, and are expected to last 12 weeks. The HEXWAVE utilizes advanced technologies to detect concealed threats and can process over 720 individuals per hour. Additionally, Liberty will present at the Canaccord Genuity Growth Conference on August 10, 2022, showcasing its security solutions.

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Liberty Defense Holdings Ltd. has been awarded a contract with Battelle to develop and integrate next-generation airport checkpoint screening technology using HD-AIT upgrade kits. This technology improves passenger screening with advanced imaging capabilities, enhancing detection for evolving threats. Liberty's engineering team will work with the Pacific Northwest National Laboratory to design and deliver the retrofit kits. Additionally, on May 26, 2022, the company granted 113,405 restricted share units to enhance alignment between employee and shareholder interests.

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Liberty Defense Holdings Ltd. has appointed Virginia Buckingham to its board of advisors. Buckingham, known for her leadership in security initiatives post-9/11, will aid in advancing the company's detection technologies for public safety. She has a strong background in technology deployment and previously held key positions, including CEO of the Massachusetts Port Authority. Liberty aims to enhance airport and public space security with its innovative products like HEXWAVE, set for beta testing in Q3 2022, and other advanced imaging technologies.

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Liberty Defense Holdings Ltd. (LDDFF) has made significant strides in developing its HEXWAVE system for detecting concealed weapons. They have begun collecting over 25,000 images to train AI algorithms for effective identification of threats across multiple markets. The HEXWAVE employs advanced 3D imaging and offers contactless screening without compromising user experience. Liberty has secured beta trials in various locations, including an international airport and sports venues. The company's President stated that they have reached a critical milestone, enhancing their AI capabilities with real-world data for improved detection.

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Liberty Defense Holdings Ltd. has partnered with The Greater Toronto Airports Authority to trial its HEXWAVE technology at Toronto Pearson International Airport. Scheduled for Q3 2022, this marks the first global deployment of HEXWAVE, which enhances airport security by detecting concealed weapons with advanced 3D radar and AI capabilities. This new technology aims to improve safety without hindering traffic flow. Liberty is also collaborating with the TSA for further development of HEXWAVE at designated airport locations.

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Liberty Defense Holdings Ltd. has achieved a significant milestone with an FCC order that paves the way for the final certification and commercialization of its HEXWAVE threat detection system.

This technology employs low-power radar and artificial intelligence to identify concealed weapons, enhancing security in high-traffic areas.

The FCC's ruling supports the deployment of HEXWAVE in public venues, reinforcing Liberty's commitment to safety while meeting regulatory requirements.

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Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has signed a collaboration agreement with a major Hindu organization to beta test its HEXWAVE™ security system at a temple in Atlanta. This marks a significant step in addressing security threats in places of worship. HEXWAVE uses advanced 3D imaging and AI technologies to detect concealed threats without compromising the visitor experience. This beta testing, set to begin in Q2 2022, aims to align the product with market requirements while ensuring a safe environment for worshippers.

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Liberty Defense Holdings Ltd. (OTCQB: LDDFF) has signed a collaboration agreement with the University of Wisconsin Police Department to beta test its HEXWAVE™ security detection system on campus. HEXWAVE is designed to enhance security through advanced threat detection using 3D radar and AI technology. The beta testing is expected to start in Q2 2022. Additionally, Liberty is terminating a project with Levitection due to the company's bankruptcy, returning $113,000 to the BIRD Foundation. The focus remains on ongoing collaborations for technology development.

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FAQ

What is the current stock price of LIBERTY DEFENSE HLDGS (LDDFF)?

The current stock price of LIBERTY DEFENSE HLDGS (LDDFF) is $0.11655 as of May 21, 2024.

What is the market cap of LIBERTY DEFENSE HLDGS (LDDFF)?

The market cap of LIBERTY DEFENSE HLDGS (LDDFF) is approximately 18.9M.

What does Liberty Defense Holdings Ltd. offer?

Liberty Defense provides AI-based next-generation detection solutions for safeguarding secure locations against prohibited weapons and threats.

What recent achievement has Liberty Defense had?

The company received additional funding from the TSA to develop a High-Definition Advanced Imaging Technology (HD-AIT) upgrade kit for passenger screening systems.

What is HEXWAVE?

HEXWAVE is a discreet, modular, and scalable detection system that offers layered protection against metallic and non-metallic threats.

What is the focus of the TSA's On-Person Screening program?

The TSA's program aims to detect a wide range of threats with fewer false alarms and less physical contact, improving the passenger screening experience.

What is Open Architecture (OA)?

OA is a technology-design approach that uses widely accepted standards for software and hardware to ensure interoperability across platforms, regardless of the technology provider.

LIBERTY DEFENSE HLDGS LTD

OTC:LDDFF

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LDDFF Stock Data

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