SCAN Liberty Defense Holdiings LTD

K2 to sell Liberty's next generation threat detection HEXWAVE system to the US aviation market

WILMINGTON, Mass., Aug. 1, 2023 /CNW/ - 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 it has entered into a strategic non-exclusive distribution agreement with Bethesda, Maryland-based K2 Security Screening Group, to introduce HEXWAVE™ to US airports. K2 is a national leader in the planning, management, installation, and integration of airport passenger and checked baggage security screening systems. It has successfully completed projects at 92% of TSA-regulated airports in the US, including Hartsfield-Jackson Atlanta International (ATL), LaGuardia (LGA), and Los Angeles International (LAX).

As part of the distribution agreement, K2 Security Screening Group will add the HEXWAVE walkthrough people screening system, which uses artificial intelligence and machine learning to seamlessly detect weapons and other threats in real-time, to its security services portfolio.

"We are excited to partner with Liberty Defense to bring HEXWAVE to the airport employee screening market," said Kathy Yurkunas, President of K2 Security Screening Group. "The HEXWAVE system is a perfect complement to our best-in-class security services, and we believe that they are an exceptional option for our airport customers to counter against insider threats."

"We are thrilled to partner with K2 Security Screening Group, a recognized leader in the US aviation security industry. We share a similar vision of deploying next generation capability with a focus on detection while providing a better experience for security," said Bill Frain, CEO of Liberty Defense. "We are extremely pleased that K2 chose HEXWAVE to enhance their aviation worker security offering with detection of the latest threats like non-metallic explosives and 3D printed ghost guns. K2 has a significant existing aviation security portfolio, and we look forward to working with them to expand our reach to the market and the resulting revenue growth potential that this partnership brings."

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On Behalf of Liberty Defense
Bill Frain
CEO & Director

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

About K2 Security Screening Group

Bethesda, Maryland-based k2consulting.com is a national leader in the planning, management, installation, and integration of airport passenger and checked baggage security screening systems. K2 has provided services at 92% of all TSA-regulated airports in the United States, and team with partners across the aviation industry. Those partners include general contractors and construction companies, original equipment manufacturers, logistics experts, and transportation specialists. The Security Screening Group is a TSA-approved systems integrator (SI) and is the only SI that specializes in non-TSA directed work, emerging technologies, and difficult equipment deployments. Follow K2 on LinkedIn for company news and announcements.

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.