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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.
Liberty Defense Holdings Ltd. (OTCQB: LDDFF) announced its participation at the Canaccord Genuity 41st Annual Growth Conference, scheduled for August 10-12, 2021. This virtual event will feature over 600 companies across various sectors, including technology and defense. CEO Bill Frain expressed enthusiasm regarding the opportunity to connect with investors and discuss the progress of their key product, HEXWAVE. Following the event, the presentation will be accessible on the company’s website. Liberty specializes in advanced security solutions for concealed weapons detection.
Liberty Defense Holdings Ltd. (OTCQB: LDDFF) announced a partnership with N4R B.V. in the Netherlands to enhance its presence in European aviation and commercial security sectors. Led by expert Gunther van Adrichem, N4R will assist Liberty in deploying its HEXWAVE and checkpoint technologies, optimized for post-Covid security needs. Bill Frain, CEO of Liberty Defense, emphasized the partnership's importance in advancing security applications. Liberty continues to focus on layered security solutions in high-traffic areas, ensuring comprehensive threat detection capabilities.
Liberty Defense Holdings has signed a $1M Cooperation and Project Funding Agreement with the Israel-US BIRD Foundation for funding through the BIRD HLS Program, which is jointly sponsored by DHS and the Israel Ministry of Public Security. The project, which commenced on July 1, will integrate Liberty's HEXWAVE™ technology with Levitection's Q™ technology to enhance security screenings. Liberty is also engaging Emerging Markets Consulting for digital media services, including a marketing campaign worth up to $100,000. These developments align with Liberty's commitment to advancing homeland security solutions.
Liberty Defense Holdings Ltd. has announced its eligibility for the Depository Trust Company (DTC), enhancing accessibility for U.S. investors. This milestone allows their common shares, trading under the symbol LDDFF, to be electronically cleared and settled, streamlining the settlement process for investors and brokerages. CEO Bill Frain expressed optimism about this development, stating it enhances liquidity and accessibility for investors. The DTC is the largest global securities depository, making this advancement significant for investor engagement.
Liberty Defense Holdings Ltd. has successfully upgraded from the OTC Pink Market to the OTCQB Venture Market as of June 15, 2021, under the symbol LDDFF. This advancement aims to increase visibility within the investment community, enhance liquidity, and attract institutional and US retail investors. Liberty's CEO, Bill Frain, highlighted this milestone following the addition of two significant aviation checkpoint technologies to their security portfolio. The company also anticipates closing a recent financing, positioning them to further develop their weapon and threat detection technologies.
Liberty Defense Holdings Ltd. (OTCQB: LDDFF) announced its participation in the LD Micro Invitational XI virtual event on June 8, 2021, at 1:00 PM ET. CEO Bill Frain will discuss the company's advancements in next-generation walk-through weapons screening and recent licensing agreements. The event will be hosted on the Sequire Virtual Events platform, with registration available online. Additionally, Liberty has engaged Native Ads, Inc. for strategic digital media services, with a campaign budget of USD$225,000 starting in June 2021 to enhance marketing and analytics.
Liberty Defense Holdings Ltd. has appointed Michael Lanzaro as President & CTO, effective immediately. With over 25 years of experience, Lanzaro has previously led engineering teams at L3 and Symbol Technologies. His expertise in product development and security technology positions him to drive Liberty's innovation strategy. CEO Bill Frain praised Lanzaro's leadership and strategic vision, particularly in advancing the Liberty HEXWAVE platform. This leadership change comes amid rising demand for security solutions in public spaces.
Liberty Defense Holdings Ltd. (OTCQB: LDDFF) announced a licensing agreement with Battelle Memorial Institute to develop advanced checkpoint screening solutions. This partnership includes millimeter wave-based technologies such as the High Definition Advanced Imaging Technology (HD-AIT) body scanner, enhancing airport security. Funded by the Department of Homeland Security, HD-AIT aims to improve threat detection efficiency. The collaboration reinforces Liberty's strategy to innovate security technologies tailored for high-traffic environments, positioning the company favorably in the aviation security market.
Liberty Defense Technologies has secured a $1 million grant from the Israel-US Binational Industrial Research and Development (BIRD) Foundation, aimed at developing advanced concealed weapon detection technologies with its Israeli partner Levitection. The funding will support their collaborative project focused on multi-sensor, contactless public safety solutions. This initiative aligns with the rising threats of terrorism, and both companies will share the grant evenly.
Liberty aims to enhance security measures in high-traffic areas through innovative technologies, including its HEXWAVE product that utilizes active 3D radar imaging.
Liberty Defense Holdings Ltd. has achieved a significant milestone in its product development following the merger with DrawDown Detection, accelerating its HEXWAVE platform timeline. The company successfully demonstrated its AI detection algorithm capable of identifying threats on moving individuals, aiming for Beta unit fielding in early 2022. The HEXWAVE platform boasts advantages such as automated threat detection, 3D imaging, and privacy preservation, designed for high-traffic venues amidst rising security concerns in the U.S. Following MIT's exclusive license, Liberty is positioned to enhance public safety.
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