Yahoo Finance Liberty Receives Formal Federal Communications Commission (FCC) Approval for HEXWAVE
WILMINGTON, Mass., March 7, 2024 /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 that the HEXWAVE™ product was granted a formal equipment authorization approval from the Federal Communications Commission (FCC), another important milestone for it's ultra-wideband product technology. The Company previously had an FCC Waiver in place.
Liberty's HEXWAVE product, a next generation, walkthrough, contactless threat detection system uses low-power radar imaging, coupled with AI and computing platform, to detect concealed metallic and non-metallic threats at speed, providing automated decisions to security operators. The company has sold the HEXWAVE to multiple market verticals including aviation, courthouses, national labs, prisons and government facilities.
The Office of Engineering and Technology (OET) administers the equipment authorization program under the authority delegated to it by the FCC. This program is one of the principal ways the FCC ensures that Radio Frequency (RF) devices used in the United States operate effectively without causing harmful interference and otherwise comply with the FCC's rules. All RF devices subject to equipment authorization must comply with the FCC's technical requirements. This certainly can prove to be a barrier to entry in the securities market.
"This is an important milestone for the New Production Unit, allowing the Company to deliver product to non-government/commercial customers" said Bill Frain, Liberty's CEO. "We continue to receive orders in several market verticals in the commercial space given the HEXWAVE's ability to detect a broader range of threats, including non-metallic items."
In addition, the Company is announcing the resignation of Mike Lanzaro, President/CTO as he leaves the Company due to personal reasons. We would like to thank Mike for his years with the Company and helping shape the HEXWAVE Technology into what it is today. Mike will continue to support the Company as needed through a consulting agreement.
On Behalf of Liberty Defense
Bill Frain
CEO & Director
About Liberty Defense
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 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. The forward-looking statements and information in this press release include, amongst others, the use of proceeds of the Offering. 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.
SOURCE Liberty Defense Holdings Ltd.
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