WILMINGTON, Mass., Dec. 7, 2021 /CNW/ - Liberty Defense Holdings
Ltd. ("Liberty" or the "Company") (TSXV: SCAN)
(OTCQB: LDDFF) (FRANKFURT: LD2), a leading technology provider for
concealed weapons and threat detection solutions, is pleased to
announce that it has signed a Memorandum of Understanding (MOU)
with the Maryland Stadium Authority (MSA) to beta test Liberty's
flagship product HEXWAVE™ at the Camden Yards Sports Complex in the
City of Baltimore. The MSA is a
unit of the state government that owns and manages the sporting
venues at the Camden Yards Sports Complex, which is home to the
Baltimore Orioles MLB team and the Baltimore Ravens NFL team. The
Camden Yard Sports Complex has seating capacity for approximately
45,000 and 72,000, respectively. Testing with the MSA is planned to
begin in Q1, 2022 at the Camden Yards Sports Complex.
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HEXWAVE uses low-power radar imaging and artificial intelligence
to detect all types of concealed weapons for walkthrough, high
throughput people screening that responds to evolving threats and
the need for socially distanced contactless security that keeps
lines flowing. It can be used indoor and outdoor as part of a
layered defense so that threats can be detected early, at the
perimeter of the property or at checkpoints, without compromising
the enjoyment of fans.
"One of our key market verticals is sports and entertainment
venues, and we are delighted to add Baltimore, home to two premier sports teams at
the Camden Yards Sports Complex, to our beta testing program," says
Bill Frain, CEO of Liberty Defense.
"Testing the system in operational facilities helps to ensure that
the system is aligned to market needs, and we look forward to
generating customer feedback at beta development sites."
Beta testing involves testing HEXWAVE in a live environment such
as the Camden Yards Sports Complex following the initial Alpha
testing that is taking place at Liberty's Center of Excellence for
Engineering in Atlanta, Georgia,
and at the new Company headquarters in Wilmington, Massachusetts.
"The safety of our guests is paramount, as well as ensuring they
have a great experience" said Vernon J.
Conaway, Jr., Vice President, Safety and Security, Maryland
Stadium Authority. "We believe this type of threat detection
technology is the future of keeping fans safe at events. We are
extremely confident in our current threat detection systems, and
our participation in this collaboration agreement with HEXWAVE is
about testing an emerging threat technology to enhance our existing
systems. We look forward to testing this exciting new technology at
the Camden Yards Sports Complex."
On Behalf of Liberty Defense
Bill Frain
CEO & Director
About Liberty Defense
Liberty Defense (TSXV: SCAN,
OTCQB: LDDFF, FRANKFURT: LD2)
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
About the Maryland Stadium Authority:
The Maryland Stadium Authority (MSA) was established by the
Maryland General Assembly 35 years ago to build, manage, and
maintain quality facilities to retain Major League Baseball, and
return the National Football League to Maryland. MSA's mission has expanded and
evolved over the years to include sports marketing, numerous
economic studies and construction projects, and programs. To date,
MSA has completed $3 billion of
projects across the state on-time and on-budget. Learn more:
MDStad.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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SOURCE Liberty Defense Holdings Ltd.