As long as different countries exist, and opinions vary from person to person, defense and security will be prevalent. Since the technology boom at the turn of the 21st century, security technology has advanced at an unprecedented rate.
The US’ defense budget has increased almost every year since 2000. This expanding federal spending motivates more companies to innovate and produce new security technologies.
New Product and Potential Application
Liberty Defense Holdings Ltd. is a security company looking to pioneer a groundbreaking product into the industry. As of now, they are only listed on the Canadian exchange as “SCAN.V”. Their product is known as HEXWAVE and it could transform public space security as we know it.
HEXWAVE is a 3D imaging technology product that can detect any kind of potential threat. It utilizes AI and deep learning in order to reduce human errors. HEXWAVE could be used in parks, schools, churches, concerts, sporting events, etc.
The application is practically endless. In addition, HEXWAVE has, as Sean Reyes states, “[struck] the balance between privacy interests on one side and security and safety.” This is important for the product to have given personal security is a huge factor for the general public.
Liberty plans on implementing their product for testing at various sites. This will allow the company to assess how the product reacts to different environments. As of now, Liberty Defense has signed two MOU’s for its use. One is in Utah as well as in Vancouver Arena.
Good Companies Need Good Personnel
Liberty Defense over the last month has grown its advisory board and Board of Directors, substantially. While these developments do not have an immediate impact like financial results, they become important in the long run.
The company added Jeremy Morton to their Board of Directors. Mr. Morton is currently Stanley Black and Decker’s Executive to Executive Chairman. This is significant because Stanley’s is another prominent player in the security industry.
In addition, Liberty has added Anthony Sleiman and Mit Shah to their Board of Advisors. Both men have experience with running business operations that involve watching over many people.
[News Release] Anthony T. Sleiman Joins Liberty Defense’s (SCAN) Board of Advisors
Mr. Sleiman has experience with real estate development and Mr. Shah has knowledge in the lodging and hotel industry. While they are not directly involved with security, both industries need security, and these men understand where things can be improved.