Beta test results demonstrate operational
success in preparation for commercialization
WILMINGTON, Mass., Nov. 29,
2022 /CNW/ - Liberty Defense Holdings Ltd.
("Liberty" or the "Company") (TSXV: SCAN) (OTCQB:
LDDFF) (FRANKFURT: LD2A), a
leading technology provider of detection solutions for concealed
weapons and threats, is pleased to deliver a corporate update
including a summary of the successes of its beta trials to date and
development plans for 2023.
Liberty Defense has conducted beta testing with previously
announced partners, and testing will continue to the end of 2022
and into 2023 in order to meet demand from additional beta clients
wishing to pilot the HEXWAVE™ walkthrough weapons and threat
detection technology. The Company has engaged in effective beta
trials to date with major international airports, a major US
airline, Major League Baseball, and one of the largest places of
worship in North America at
testing locations including Toronto Pearson International Airport
and Oriole Park at Camden Yards in Baltimore. A HEXWAVE unit is currently in
Amsterdam, Netherlands at a
partner site to support European testing opportunities.
A video highlighting the beta trial at Toronto Pearson Airport
can be viewed at
https://libertydefense.com/airport-beta-testing-hexwave-video/
"We are very pleased with the results of our beta testing trials
to date, having screened approximately 8,000 people in total, and
we anticipate reaching 10,000 screens as we plan to deploy at other
beta sites," said Michael Lanzaro,
President and CTO of Liberty Defense. "The performance results at
our recent beta sites are further confirmation that our millimeter
wave-based HEXWAVE system, which uses 3D video-rate imaging and
Artificial Intelligence, is capable of reliably delivering
best-in-class detection performance to improve the screening
experience."
HEXWAVE performance highlights:
- HEXWAVE delivered reliable and consistent operational
availability across both outdoor and indoor sites, including during
periods of intensive and time-sensitive people screening
- Maintained high levels of detection performance, identifying
the location on the body of concealed metallic and non-metallic
threats, including 3D-printed guns during controlled testing.
Successfully demonstrated the detection of un-assembled gun parts
concealed on the body in a controlled customer test
- Successfully eliminated the need to divest common items such as
keys, cell phones, and employee-specific equipment such as steel
toe boots in order to improve throughput
- Demonstrated the flexibility and portability of HEXWAVE to
adapt to a variety of customer operational requirements. The system
was easily moved to different locations within the same beta
testing site. Tested employees, members of the public, as well as
potential customers and VIPs who visited beta tests where they were
able to demonstrate the system in the field
"We believe we are well-positioned to deliver a truly disruptive
walkthrough weapons and threat detection solution, not only in
verticals where we have beta tested, but also into new markets that
are poised to move from time consuming and intrusive manual
searches or screening limited to metallic objects," added Lanzaro.
"In addition to using thousands of scenes of operational data
collected at each of the beta sites to further optimize our AI
algorithms, we are already procuring our longer-lead materials for
manufacturing of the commercial system. We remain on track for
production of units in Q1 2023 and delivery of our first systems in
Q2 2023. In the meantime, we are in sales discussions with
government facilities, airlines, airports, distribution centers,
and other customer segments where enhanced detection is
needed."
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.