TORONTO and VANCOUVER, Sept. 26, 2019 /CNW/ - Liberty Defense Holdings Ltd. ("Liberty") (TSXV: SCAN;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. The facility also connects to the 586-room InterContinental Toronto Centre hotel, the Union Station railway along with the SkyWalk, and to the underground PATH system.
Over the past 35 years, the MTCC has hosted over 21,000 events and has added $7.8 billion in direct spending economic impact to the community. MTCC will be the first convention centre to partner with Liberty to test HEXWAVE.
"Convention centres are an essential part of a nations critical infrastructure because they serve as hubs for business events, entertainment, transportation, and community pride. They are also a key source of innovation on how people can interact at a mass level, so it is especially key to help provide a sense of security and safety in an ever-changing threat environment," said Bill Riker, CEO of Liberty Defense.
HEXWAVE uses 3D radar imaging and artificial intelligence primarily to detect and identify weapons, as well as other threats and anomalies. It enables security teams to detect these threats at the perimeter of a property without obstructing the movement of large groups of people. By extending the detection space and widening the perimeter, HEXWAVE enables a layered defence strategy, which provides security teams with more time to manage threats.
"Extending the security perimeter of convention centre facilities is a great example of how a layered defense approach can be implemented. We believe that HEXWAVE's ability to operate in both indoor and outdoor environments, in combination with its modular and scalable design, will help reinforce critical infrastructure safety while maintaining a positive customer experience," added Riker.
"MTCC has a strong reputation for being on the cutting-edge of services and facility operations, which includes a proactive security philosophy that stays ahead of emerging threats. We are pleased to participate in testing for HEXWAVE along with other world-class venues. As we explore ideas for continuous operational improvements, we consistently look at technologies that can both enhance efficiency and security while delivering a positive customer experience," said Vince Quattrociocchi, Vice President of Operations at the MTCC.
This beta testing phase is a key part of HEXWAVE's development process. The incremental testing of the system in actual facilities can help to ensure that the product is aligned with market requirements.
On Behalf of Liberty Defense Bill Riker CEO & Director
About Liberty Defense Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and 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 that are packaged into the HEXWAVE product. The system is designed to provide discrete, modular and scalable protection to provide layered, stand-off detection capability. This is intended to provide a means to proactively counter evolving urban threats. The sensors with active 3D radar imaging and Artificial Intelligence (AI)-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com
About Metro Toronto Convention Centre The Metro Toronto Convention Centre is Canada's number one convention and trade show facility. Over the past 35 years, the Centre has hosted over 21,000 events and has added $7.8 billion in direct spending economic impact to the community. For further information, please visit www.mtccc.com.
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, information relating to the expectation of future CoAs and validation of technology. 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. Such factors include, among others, the following risks: (a) there is no assurance that Liberty will obtain further CoAs. These fluctuations may adversely affect the price of the Liberty's securities, regardless of its operating performance. 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 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 caution 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 the parties 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.
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SOURCE Liberty Defense Holdings Ltd.
For further information: LIBERTY INVESTOR RELATIONS: Adam Ross, Telephone: 604-336-9820 x1, Toll-Free: 1-833-923-3334, Email: [email protected]; LIBERTY MEDIA RELATIONS: Brittany Whitmore, Telephone: 778-238-6096, Email: [email protected]