WILMINGTON, Mass., Sept. 25,
2024 /CNW/ - 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 additional funding under its current contract with the
Transportation Security Administration (TSA). The contract was
awarded in 2023 with a total value of $3.86M. With this additional funding,
$1.69M of the total contract value
has been obligated. The funding will support additional design
efficiencies into the development of a High-Definition Advanced
Imaging Technology (HD-AIT) upgrade kit for testing on an Advanced
Imaging Technology (AIT) passenger screening system.
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 HD-AIT Wideband
Upgrade Kit that is anticipated to offer enhanced detection and an
improved passenger experience.
As a federal agency within the U.S. Department of Homeland
Security, TSA is responsible for security screening conducted at
about 430 federalized airports in the
United States. The agency's On-Person Screening program aims
to detect a range of emerging threats, with fewer false alarms and
less physical contact with passengers. According to the TSA Open
Architecture Roadmap, the agency seeks 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 continue to work closely with TSA on this critical
initiative to help develop the next generation of passenger
screening," says Liberty CEO Bill
Frain. "We have made significant progress on the kit and
this funding will support the targeted testing schedule in 2025.
The HD-AIT Upgrade Kit will provide advanced threat detection and
the opportunity for TSA to engage third-party providers for
additional HD-AIT capabilities that could provide other operational
proficiencies at the checkpoint."
Liberty licensed millimeter wave-based HD-AIT body scanner and
shoe screener technologies in March of 2021. Both technologies were
developed by researchers at the Pacific Northwest National
Laboratory, funded by U.S. Department of Homeland Security Science
and Technology Directorate on behalf of the Transportation Security
Administration mission. Liberty is now developing the technology in
house with its experienced team of engineers.
Liberty Defense to Host Live Corporate Update Webinar on
September 26th at
2pm ET
- Liberty Defense's CEO, Bill
Frain, will be hosting a webinar to provide important
updates on the Company, including strategic partnerships, and
discuss current operations and upcoming milestones, followed by
live Q&A. You may submit your question(s) beforehand in the
registration form linked below.
- Investors and other interested parties invited to join and
learn more about Liberty Defense's HEXWAVE contactless security and
threat detection technology.
Date: Thursday, September
26th, 2024
Time: 2pm ET
Register: Webinar Registration
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.
SOURCE Liberty Defense Holdings, Ltd.