Security Industry Leader to sell Liberty's
next generation threat detection HEXWAVE system into major
markets.
WILMINGTON, Mass., Feb. 6, 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 it has entered into a strategic agreement with Viken
Detection ("Viken"), which includes the sale of 30 HEXWAVE
units to be delivered in 2024. Payment for the first 15 units was
made in advance to accelerate market penetration. Viken Detection
is a global leader in threat detection and screening technologies
and is entering into a partnership to sell HEXWAVE™ into an
ever-growing security screening market in the Americas.
As part of the agreement, Viken will add the HEXWAVE walkthrough
people screening system, which uses AI and machine learning to
seamlessly detect weapons and other threats in real-time, to its
vast detection product portfolio and established network in the US,
Canada, and South America.
Viken Detection equips public safety organizations, including
customs and border protection agencies, law enforcement and
security professionals with effective, safe, and affordable
technologies to detect and identify concealed threats. The
company's innovative suite of handheld x-ray imagers, chemical
analyzers, vehicle scanners and elemental analyzers are proven and
reliable in their respective markets with thousands of units
operating in the field. Viken Detection is headquartered in
Burlington, Massachusetts inside
the region's tech hub, the Boston Technology Corridor.
"We are excited to have reached an agreement to expand the
customer outreach for the HEXWAVE technology in the Americas.
Establishing a distribution network is key to our overall strategy
as the demand grows for enhanced security and the detection of
non-metallic and metallic threats," said Bill Frain, CEO of Liberty Defense.
"This is a perfect fit for Viken as Liberty's next generation
technologies complement our expanding portfolio of security
solutions, which will deepen relationships with our existing
customers and open up doors to new ones," said Jim Ryan, CEO of Viken Detection.
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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 system
uses millimeter wave, advanced 3D imaging, and AI technologies that
have been secured under exclusive license and developed
proprietarily to automatically detect all types of concealed
metallic and non-metallic weapons and other prohibited items.
Liberty is also developing the next generation of aviation
passenger screening with the millimeter wave-based, High-Definition
Advanced Imaging Technology (HD-AIT) body 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
Viken Detection is headquartered in Burlington, Massachusetts. For more
information, please visit www.VikenDetection.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.