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TICKERS: SCAN; LD2

Firm Prepares for Testing, Demo of Weapons Detection System
News Update

Source:

The two events are slated to take place in Q3/19 and Q4/19, respectively.

Liberty Defense Holdings Ltd. (SCAN:TSX.V; LD2:FSE) announced in a news release the progress it has made with development of its security product HEXWAVE.

One, the company completed the technology transfer with the Massachusetts Institute of Technology 's Lincoln Labs. MIT created the technology that Liberty Defense has exclusively licensed and is using in HEXWAVE.

Two, Liberty Defense got the array antennas, which the HEXWAVE system requires, installed and working at Atlanta's Liberty Center of Excellence, where the product will be alpha tested starting in Q3/19. Subsequently in Q4/19, Liberty Defense will demonstrate HEXWAVE's subsystem prototypes at the Liberty Center.

After that, the security company's partners will beta test HEXWAVE at their locations, from December 2019 through Q1/20. To date, those entities are FC Bayern Munich, the Vancouver Arena Partnership, Sleiman Enterprises Inc. and the Office of the Utah Attorney General.

The new product introduction phase will follow, during which Liberty Defense will incorporate feedback from the beta testing into HEXWAVE's initial design. The company intends to launch the product in Q3/20.

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Disclosure:
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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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Liberty Defense Holdings, a company mentioned in this article.




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