Defense Stock News: Liberty Defense (TSXV: $SCAN.V) (OTCQB: ...| MENAFN.COM

Tuesday, 25 January 2022 07:34 GMT

Defense Stock News: Liberty Defense (TSXV: $SCAN.V) (OTCQB: $LDDFF) Signs Maryland Stadium Authority, Camden Yards Sports Complex, as a Beta Client


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WILMINGTON, Mass. - December 7, 2021 (Investorideas.com Newswire, Homelanddefensestocks.com) Liberty Defense Holdings Ltd. ('Liberty' or the 'Company') (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2), a leading technology provider for concealed weapons and threat detection solutions, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with the Maryland Stadium Authority (MSA) to beta test Liberty's flagship product HEXWAVE™ at the Camden Yards Sports Complex in the City of Baltimore. The MSA is a unit of the state government that owns and manages the sporting venues at the Camden Yards Sports Complex, which is home to the Baltimore Orioles MLB team and the Baltimore Ravens NFL team. The Camden Yard Sports Complex has seating capacity for approximately 45,000 and 72,000, respectively. Testing with the MSA is planned to begin in Q1, 2022 at the Camden Yards Sports Complex.

HEXWAVE uses low-power radar imaging and artificial intelligence to detect all types of concealed weapons for walkthrough, high throughput people screening that responds to evolving threats and the need for socially distanced contactless security that keeps lines flowing. It can be used indoor and outdoor as part of a layered defense so that threats can be detected early, at the perimeter of the property or at checkpoints, without compromising the enjoyment of fans.

'One of our key market verticals is sports and entertainment venues, and we are delighted to add Baltimore, home to two premier sports teams at the Camden Yards Sports Complex, to our beta testing program,' says Bill Frain, CEO of Liberty Defense. 'Testing the system in operational facilities helps to ensure that the system is aligned to market needs, and we look forward to generating customer feedback at beta development sites.'

Beta testing involves testing HEXWAVE in a live environment such as the Camden Yards Sports Complex following the initial Alpha testing that is taking place at Liberty's Center of Excellence for Engineering in Atlanta, Georgia, and at the new Company headquarters in Wilmington, Massachusetts.

'The safety of our guests is paramount, as well as ensuring they have a great experience' said Vernon J. Conaway, Jr., Vice President, Safety and Security, Maryland Stadium Authority. 'We believe this type of threat detection technology is the future of keeping fans safe at events. We are extremely confident in our current threat detection systems, and our participation in this collaboration agreement with HEXWAVE is about testing an emerging threat technology to enhance our existing systems. We look forward to testing this exciting new technology at the Camden Yards Sports Complex.'

On Behalf of Liberty Defense

Bill Frain

CEO & Director

About Liberty Defense

Liberty Defense (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2) 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

About the Maryland Stadium Authority:

The Maryland Stadium Authority (MSA) was established by the Maryland General Assembly 35 years ago to build, manage, and maintain quality facilities to retain Major League Baseball, and return the National Football League to Maryland. MSA's mission has expanded and evolved over the years to include sports marketing, numerous economic studies and construction projects, and programs. To date, MSA has completed $3 billion of projects across the state on-time and on-budget. Learn more: MDStad.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.


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