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German Soccer Team to Be First to Test Weapons Detection System in Europe
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The arrangement allows the developer to assess its product in a live arena setting.

Liberty Defense Holdings Ltd. (SCAN:TSX.V; LD2:FSE) announced in a news release it signed a memo of understanding with the FC Bayern München for the Munich-based German soccer team to beta test HEXWAVE at its Allianz Arena.

For the beta testing, HEXWAVE will be assessed live at Allianz, the second largest arena in Germany, which seats 75,000.

This testing, an essential part of the product development phase, will likely take place in Europe after North America.

"We are pleased to have the opportunity to work with FC Bayern and have them sign on to become the first early adopter in Europe of this advanced technology," Liberty Defense CEO Bill Riker said in the release. "Our ability to deploy in both indoor and outdoor settings, with covert and overt applications, sets us apart and has also been driving increasing interest from the market."

According to the company, "HEXWAVE uses low-power, radar imaging and artificial intelligence primarily to detect and identify weapons, while enabling a layered defense strategy for a venue, meaning the ability to detect threats at the perimeter of the property without obstructing the movement of large groups of people."

The company noted that according to a 2018 report by Homeland Security Research Corp., the market for weapons detection systems is estimated to grow from $4.9 billion today to more than $7.5 billion by 2025. Europe is expected to comprise 24% of the global market, and public venues, such as stadiums and arenas, 20%.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: none. She or members of her household are paid by the following companies mentioned in this article: none.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Liberty Defense Holdings. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Liberty Defense Holdings. Please click here for more information. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: Liberty Defense Holdings.
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