| Previous Close | 0.1100 |
| Open | 0.1150 |
| Bid | 0.1300 x N/A |
| Ask | 0.1300 x N/A |
| Day's Range | 0.1100 - 0.1150 |
| 52 Week Range | 0.1100 - 0.9700 |
| Volume | 91,460 |
| Avg. Volume | 2,996 |
| Market Cap | 7.32M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.1840 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
The Company announces that it has now entered into a binding amalgamation agreement dated April 2, 2020 (the "Definitive Agreement") with DrawDown pursuant to which the Company will acquire all of the issued and outstanding securities of DrawDown (the "Transaction"), as more particularly described below under "Proposed Reverse Take Over". The Company held an annual and special shareholders meeting (the "Meeting") today.
Liberty Defense Enters into Letter of Intent with DrawDown Detection for a Proposed Merger Transaction
Liberty's go-to-market strategy is to bring its proprietary detection system, HEXWAVE, to market in the most expedient manner possible, taking full advantage of the disruptive technology that underpins the system, which the Company has a worldwide exclusive license to from MIT. Liberty has been successful in meeting all of its stated business objectives and has delivered against these milestones on time, with the most recent achievement being the active real-time 3D imaging, however it has been unsuccessful in raising the necessary capital to continue the current pace of development and, as a result, will undertake a fulsome review of its go-to-market strategy. This review will result in a delay to the previous announced timelines and will encompass a full review of all aspects of the business, which could include finding a strategic partner, selling, or raising additional funding to ensure that HEXWAVE can be brought to market to address the pertinent need in the marketplace.
("Liberty") (TSXV: SCAN, FRANKFURT: LD2, OTCQB: LDDFF), a leading concealed weapons detection company, is pleased to announce that it has arranged a non-brokered private placement of up to 10,870,000 units ("Units") at a price of C$0.23 (the "Unit Price") for aggregate gross proceeds of up to approximately C$2,500,000 (the "Offering"). Liberty will retain the option to increase the Offering to 15,217,000 Units for gross proceeds of up to approximately C$3,500,000. Each Unit will consist of one common share and one common share purchase warrant (a "Warrant"), with each whole Warrant entitling the holder to purchase one additional common share of the Company at a price of C$0.30 for 18 months following the closing of the Offering.
("Liberty") (TSXV: SCAN, FRANKFURT: LD2, OTCQB: LDDFF), a leading concealed weapons detection company, is pleased to announce that the company has achieved active real-time 3D imaging functionality with it's proprietary threat detection system, HEXWAVE. The real-time 3D imaging represents the latest significant step forward as the company progresses to completion of alpha testing by year-end. Bill Riker, Liberty's CEO, commented: "Our team continues to deliver against our aggressive development timeline and the achievement of active real-time 3D imaging is yet another significant accomplishment.
FRANKFURT: LD2; OTCQB: LDDFF), a leading concealed weapons detection solutions company, is announcing that it has signed a collaboration agreement ("CoA") with Port Tampa Bay to beta test HEXWAVE. The Tampa Bay/Orlando I-4 Corridor region is the fastest growing region of the state, home to more than eight million residents and welcoming over 60 million visitors per year. Beta testing involves testing HEXWAVE in a live environment such as Port Tampa Bay with the initial Alpha testing to occur at Liberty's Center of Excellence laboratory in Atlanta.
OTCQB:LDDFF), a leading concealed weapons detection solutions company, is announcing that it has signed a collaboration agreement ("CoA") with the University of Wisconsin Police Department ("UWPD") to beta test HEXWAVE on campus. UW-Madison is known as one of the top universities in the country, and is the oldest and largest public university in the state of Wisconsin. The UW's academic and athletic success attracts tens of thousands to the campus each year.
OTCQB: LDDFF), a leading concealed weapons detection solutions company, is announcing that it has signed a collaboration agreement ("CoA") with the Greater Toronto Airports Authority ("GTAA") to beta test HEXWAVE. GTAA operates Toronto Pearson International Airport in Mississauga, west of Toronto in Ontario, Canada.
("Liberty") (TSXV: SCAN; FRANKFURT: LD2, OTCQB: LDDFF), a leading concealed weapons detection company, is pleased to announce its collaboration with TÜV SÜD America Inc. (TÜV SÜD) to ensure the HEXWAVE product will meet Wireless, EMC, and Safety standards for the Federal Communications Commission (FCC), Industry Canada (IC), and European Conformity (CE) certifications. Collaborating with TÜV SÜD in the development process through ongoing testing will help to ensure HEXWAVE meets FCC standards, which will enable faster development and the ability to meet Liberty's aggressive timeline to bring the system to market.
Has signed a collaboration agreement with the Metro Toronto Convention Centre to beta test HEXWAVE. ...
FRANKFURT: LD2; OTCQB:LDDFF), a leading concealed weapons detection solutions company, announced today that it has signed a collaboration agreement ("CoA") with the Metro Toronto Convention Centre ("MTCC") to beta test HEXWAVE. MTCC is a convention complex located in downtown Toronto, Canada. It is one of the largest Canadian convention centres with over 65,000m2 (700,000 SF) of space, including the 1,232-seat John Bassett Theatre.
("Liberty") (TSXV: SCAN; FRANKFURT: LD2, OTCQB: LDDFF), a leading concealed weapons detection company, is pleased to announce that, according to the previously disclosed timeline, the company has concluded the development of active 3D imaging and threat monitoring to enable the integration and testing of HEXWAVE at its Centre of Excellence (COE) in Atlanta, Georgia. In a June 24, 2019 release, the company noted that it had completed the technology transfer, for which the Massachusetts Institute of Technology Lincoln Lab (MIT LL) has subsequently received an award from the Federal Laboratory Consortium, which has led to the successful development of the alpha prototype.
FRANKFURT: LD2; OTCQB:LDDFF), a leading concealed weapons detection solutions company, is announcing that it has signed a collaboration agreement ("CoA") to beta test its flagship product, HEXWAVE, with the Maryland Stadium Authority ("MSA"), the unit of state government that owns and manages the sporting venues at Camden Yards in the city of Baltimore. Camden Yards is home to a professional baseball stadium seating approximately 45,000 and a professional football stadium seating approximately 72,000.
FRANKFURT: LD2; OTCQB:LDDFF), a leading concealed weapons detection solutions company, is pleased to announce that Laurentian Bank Securities Inc. has initiated coverage of the Company, that MIT has received the FLC Award for its transfer of the technology behind HEXWAVE, and the Company's recent presentation to the National Legislative Service and Security Association (NLSSA).
FRANKFURT: LD2; OTCQB:LDDFF), a leading concealed weapons detection solutions company, wishes to announce that the company has completed the eligibility requirements of the Depository Trust Company (DTC). Prior to DTC eligibility, American investors were required to pay an additional fee to acquire Liberty Defense shares. Now, the company has opened its market up to American trading in a single step, and hopes to continue to grow awareness, interest, and investment while changing the security industry with HEXWAVE.
FRANKFURT: LD2; OTCQB:LDDFF), a leading concealed weapons detection solutions company, is pleased to announce that it has become a member of the Open Network Video Interface Forum ("ONVIF"). Liberty will be working with ONVIF to further enhance the functionality of HEXWAVE's smart interface subsystem. The smart interface functionality subsystem is a component of HEXWAVE that enables it to interact with a facility's existing security infrastructure such as video camera, locks and alarm systems, and provides both analytics and threat alerts that can be sent to the appropriate surveillance and access control devices.