The technology has been recognized with the
2022 Interagency Partnership Award from the Federal Laboratory
Consortium for Technology Transfer (FLC). It is on track to
eliminate the need for passengers to remove their shoes at the
airport. The technology was developed by PNNL and exclusively
licensed to Liberty Defense for commercialization
WILMINGTON, Mass., Jan. 18, 2022 /CNW/ - Liberty Defense Holdings
Ltd. ("Liberty" or the "Company") (TSXV: SCAN)
(OTCQB: LDDFF) (FRANKFURT: LD2), a leading technology provider of
concealed weapons and threat detection solutions, is pleased to
announce that the Company's millimeter-wave shoe screening
technology, initially developed at Pacific Northwest National
Laboratory (PNNL), was awarded the 2022 Interagency Partnership
Award from the Federal Laboratory Consortium for Technology
Transfer (FLC).
The annual FLC awards are considered to be among the top honors
in the technology transfer field and recognize federal laboratories
for outstanding technology transfer achievements. PNNL was honored
for its work on the technology, which was developed in partnership
with the U.S. Department of Homeland Security, Science and
Technology Directorate, and exclusively licensed to Liberty Defense
in 2021 for commercialization.
"This is a great accomplishment and a true reflection of the
partnership between PNNL and Liberty to bring innovative and next
generation security technology to the market," said Bill Frain, CEO of Liberty Defense. "The shoe
screening technology, paired with the High-Definition Advanced
Imaging Technology body scanner, also licensed to Liberty, will
revolutionize screening at aviation checkpoints."
The millimeter-wave shoe scanner uses advanced imaging to detect
concealed objects in footwear without the wearer having to remove
their shoes, creating a highly efficient, seamless screening
process.
"In practice, the shoe screener could be integrated into the
floor of the existing airport body scanning portals or be used as a
standalone unit at the checkpoint," added Frain. "Our goal is to
improve not only the efficacy of airport screening, but also
improve the experience of passengers. This technology has the
potential to do just that."
In additional news, pursuant to its omnibus long-term incentive
plan, and subject to regulatory approval, Liberty has granted a
total of 100,000 stock options (the "Options") to an employee and
150,000 restricted share units ("RSUs") to a former officer,
effective January 14, 2022. Each
Option is exercisable for one common share in the capital of the
Company (a "Share") at an exercise price of $0.36 per Share. 12.5% of the Options will vest
on April 14, 2022, and an additional
12.5% will vest every three months thereafter. The Options will
expire on January 14, 2027. All
150,000 RSUs will vest on January 14,
2023.
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
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.