Phoenix, Arizona--(Newsfile Corp. - August 2, 2022) - The Stock Day Podcast welcomed Liberty Defense (OTCQB: LDDFF) ("the Company"), a company that provides multi-technology security solutions for enhanced detection of concealed weapons and other dangerous or prohibited items. Its technology solutions are ideal for deployment in high-volume foot traffic areas and locations that require enhanced security such as airports, stadiums, government buildings, ports of entry, schools, and more.
Senior Vice President of Capital Markets, Jay Adelaar, joined Stock Day host Sever Copley, to take us through some of the significant milestones that the Company has achieved on both the commercial and technological fronts.
The interview kicked off with a refresher on the Company's background and focus: "We develop and commercialize breakthrough technology solutions that can keep busy public and private spaces safer, while also improving the experience of the associated security screening," explained Adelaar. "Our flagship product, HEXWAVE, is a walk-through portal that can be situated indoors or outdoors, and is unique in its ability to identify both metal and non-metal items that may be hidden on a person's body."
"We also have two additional products in development that we have secured exclusive licenses for from a corporation that is funded by the U.S. government, and that works directly with agencies such as the TSA," continued Adelaar. "These products are tailored to serve the aviation industry and include the High-Definition Advanced Imaging Technology (HD-AIT) upgrade to the existing full body scanners, as well as a shoe scanner that could eliminate the need to remove shoes at the airport."
The conversation then turned to the commercialization of the Company's HEXWAVE product: "We are thrilled to be at the stage where we are gearing up for on-site beta testing with a range of potential clients including an airport, stadium, and more. This exciting phase is the culmination of seven years and $40 million of focused engineering, testing, trials, and refinement. And we are now ready to showcase what we have built in the field," said Adelaar. "We plan to launch at the end of August this coming year with a handful of select beta testing partners. We have a long list of interested test sites, but it is very important to our team to ensure that this next step is done thoughtfully."
"What kinds of companies have been showing interest in testing HEXWAVE?" asked Copley. "The range of potential client verticals for this technology is stunning, it's clear that security is top of mind to many these days," said Adelaar, adding that government buildings, schools, religious centers, ports of entry, stadiums, office buildings, airports, and more are all locations that could benefit from this technology.
"Why should investors be following Liberty Defense at this time?" asked Copley. "We are at that pivotal point where we have done the considerable legwork to get the product to the place where we feel it is ready to be tested in the field," said Adelaar, before elaborating on the Company's experienced and dedicated team. "We are really on the cusp of going from a development and engineering company to a company that is selling a cutting edge, never before seen technology that could transform the way security is managed in public spaces forever."
To hear Jay Adelaar's entire interview, follow the link to the podcast here: https://audioboom.com/posts/8131330-liberty-defense-discusses-highly-anticipated-in-field-beta-launch-and-commercialization-strategy
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About Liberty Defense
Liberty Defense (TSXV: SCAN) (OTCQB: LDDFF) (FSE: 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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