SALT LAKE CITY and VANCOUVER , May 22, 2019 /CNW/ – Liberty Defense Holdings Ltd. (“Liberty“) (TSXV: SCAN; FRANKFURT : LD2), a leader in security and weapons detection solutions, is announcing that it has signed a memorandum of understanding (MOU) with the Office of the Utah Attorney General to beta test HEXWAVE in the state.
The Utah Attorney General, Sean Reyes , is an elected constitutional officer in the executive branch of the state government of Utah . The attorney general is the chief legal officer and legal adviser in the state.
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“HEXWAVE can be applied in a variety of settings to provide a means to identify possible threats before they advance into attacks. We are excited that the Attorney General of Utah recognizes the potential value of this technology and the opportunity it provides for enhanced security in the state,” said Bill Riker , CEO of Liberty Defense.
The proposed testing with and through the Office of the Attorney General may include, but is not be limited to:
- Sporting and concert arenas, stadiums and Olympic venues
- Primary, secondary and higher education facilities
- Places of worship, facilities and property owned by or affiliated with faith entities
- Government offices, buildings and facilities
- Amusement parks
- Entertainment events, conventions, shows and festivals
The Attorney General has committed to work in Partnership with Liberty to facilitate introductions and advise interested parties and venues on the potential for HEXWAVE technology. The goal of this initiative is to improve public safety for the citizens of Utah .
“We are pleased to be a part of this phase of testing this new product. Innovation in this space is essential as the type and frequency of threats also evolve. We look forward to evaluating the capabilities of the HEXWAVE product,” said Attorney General Sean Reyes .
This beta testing phase is a key part of the product development process for HEXWAVE. The incremental testing of the system in actual facilities can help to ensure that it is aligned to market requirements. Beta testing is expected to begin later in 2019 and progress into 2020.
About Liberty Defense
Liberty provides security solutions for weapons detection in high volume foot traffic areas and has secured an exclusive licence from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3D 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 imaging and 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 Utah Attorney General
Since the admission of Utah as a state on January 4, 1896 the Attorney General has been an independently elected constitutional officer of the executive department and serves four-year terms. The current Utah Attorney General is Sean Reyes .
About Utah
Utah is a state in the western United States . It became the 45th state admitted to the U.S. on January 4, 1896 . Utah is the 13th-largest by area, 31st-most-populous, and 10th-least-densely populated of the 50 United States. Utah was the home of the 2002 Olympic Winter Games and may yet host future Olympic games.
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, information relating to the expectation of future MOUs 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 MOUs. 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 cautions that the foregoing list of material factors is not exhaustive. When relying on the party’s forward-looking statement and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The party 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 party as of the date of this press release and, accordingly, are subject to change after such date. The party does not undertake to update this information at any particular time except as required in accordance with applicable laws.
All amounts referred to herein are in Canadian dollars unless otherwise indicated.
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