WILMINGTON, Mass., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2A), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that the High-Definition Advanced Imaging Technology (HD-AIT) upgrade kit was granted a formal waiver authorization approval from the FCC, another important milestone for its ultra-wideband high definition imaging technology.
“This marks another significant milestone for Liberty’s HD-AIT advanced product development as we move toward finalizing the commercialization of this technology, with the potential to upgrade existing body scanners at U.S. airports,” said Bill Frain, Liberty’s CEO. “In September we announced the continued funding from the Transportation Security Administration to complete the development and eventual rollout of the technology. This will enable us to achieve an unparalleled level of security screening and throughput as passenger traffic continues to grow at airports.”
Radio Frequency devices are required to be properly authorized before marketing the product in the United States. The Office of Engineering and Technology (OET) administers the equipment authorization program under the authority delegated to it by the Commission. This program is one of the principal ways the Commission ensures that RF devices used in the United States operate effectively without causing harmful interference and otherwise comply with the Commission’s rules. All RF devices subject to equipment authorization must comply with the Commission’s technical requirements prior to importation or marketing. This certainly can prove to be a barrier to entry in the securities market.
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.
On Behalf of Liberty Defense
Bill Frain CEO & Director
About Liberty Defense
Liberty Defense (TSXV: SCAN, OTCQB: LDDFF) 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
For further information about Liberty, please contact:
Jay Adelaar, Senior Vice President of Capital Markets Email: jay@libertydefense.com Tel: 604-809-2500
FORWARD-LOOKING STATEMENTS
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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.
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