On an almost daily basis, news coverage shows us that we are living constantly at risk. The U.S Justice Department defines a “mass casualty event” as any occurrence of a mass shooting, bombing, or other crime resulting in multiple fatalities. In 2019, there have already been over 80 US mass shootings. On top of this, we’ve already witnessed more than 2,400 of these incidents since 2013…
…But what if there was a way to help prevent these types of events from taking place?
Taking that into consideration, all signals predict this is potentially a perfect investment opportunity for AI security solutions. Global spending on security solutions is projected to reach $103.1 billion in 2019, an increase of 9.4% over 2017, and is forecast to see growth for the next several years. As an influx of investments comes into AI security solutions, we have found one company positioned to absorb!
“What we’re offering is an attack prevention system. We’re preventing someone with a weapon from entering.”Aman Bhardwaj, COO of Liberty Defense & President Of US Operations
Liberty Defense (SCAN.V) is A Company With A Solution
Liberty Defense (SCAN.V), a leader in security and weapons detection solutions, is ready to tackle the security challenges in the urban security market with its groundbreaking HEXWAVE product. Liberty Defense
(SCAN.V) has an exclusive license with MIT and a Technology Transfer Agreement with MIT Lincoln Laboratory for active 3D imaging technology originally developed in the MIT Lincoln Laboratory for weapon detection.
At a time where 100 Americans are killed with guns every single day and hundreds more are shot and injured, according to EveryTown Research, this is the time to invest in urban security. After all, what is more, valuable than a life?
What Sets Liberty Defense
(SCAN.V)’s HEXWAVE Apart From The Competition?
HEXWAVE is the first practical application of real-time, next-gen 3D imaging. It uses low power radar energy which helps generate real-time 3D images to detect threat options such as guns, knives, explosives, and other threats through clothing and baggage. This product creates high fidelity, real-time concealed threat images which are assessed using deep learning and AI. Thus alerting security regarding the decision response hierarchy.
HEXWAVE – A Product Integrating A New Wave of Technology
· Detects metallic and non-metallic threat objects
· Designed for indoor/outdoor use
· Covert and overt panel options
· Real-time accurate detection
· AI/deep learning enhances sensor fidelity and decision hierarchy
· Panels can be scaled to provide a deep-layered approach
· Can be used stand-alone or combined with other security measures
HEXWAVE provides enhanced security options without disrupting the flow of daily life by scanning quickly and unobtrusively. Ideal for use in high traffic areas and a huge leap from the traditional metal detector.
The demand is present andLiberty Defense (SCAN.V) has already inked two Memorandums of Understanding for beta testing of
Liberty Defense (SCAN.V)’s All-Star Management
Advancement from the operational to strategic level is a crucial undertaking that all companies must undergo in pursuit of success. The executive leadership team at Liberty Defense (SCAN.V) has the necessary insight to achieve profitable growth and maintain operational systems.
Liberty Defense (SCAN.V) ’s President Of US Operations and Chief Operating Officer, Aman Bhardwaj, comes with over 20 years of strategic experience and involvement with large multinational startups, such as Panasonic and Flextronics. Bhardwaj’s vast involvement and leading global large-scale companies serve as an invaluable asset to the company.
Bill Riker, the company’s chief executive officer, joined Liberty Defense (SCAN.V) back in August 2018. Since then, Riker has played a key role in establishing the company as an industry leader in the urban security market. Prior to joining Liberty Defense (SCAN.V)’s leadership team, Riker racked up extensive experience in several companies focused on threat detection solutions, and identification of chemical, radiological, nuclear and explosive threats for the global security market and held an executive position in the US Department of Defense.
Liberty Defense (SCAN.V) chief technology officer, Bart Smudde, brings over 30 years of experience to the table in designing, testing and manufacturing electronics products in several markets including military and medical. Smudde has managed engineering teams for companies including Graco, Landis+Gyr, SignalONE Safety, and Panasonic.
And in early May, 2019, Liberty Defense (SCAN.V) brought on Ron Solanki as VP Operations of its US Subsidiary. Mr. Solanki has held leadership positions with major multi-national global electronics corporations such as Motorola, Panasonic, Flextronics and Hisense. With over 30 years of experience delivering results in high-tech company operations, he’s help build businesses around strategic business management and development, R&D, manufacturing, supply chain, and legal affairs. He has also served on international boards of directors and business & technology advisory boards.
Liberty Defense (SCAN.V)’s Opportunities Ahead For Detection
Specifically, the Weapons Detection Systems Market is forecast to grow from USD $5.3 billion in 2020 to $7.5 billion by 2025, at a compound annual growth rate of 8.2%. With the political spotlight focused now more than ever on gun control and public safety, emerging companies in this sector are poised for increased opportunities and growth.
Patriot Tech (PAT.V) (PTOTF), for instance, has generated some buzz lately. This emerging company has been prequalified for up to CA$1 million from the federal government’s Build in Canada Innovation Program for testing by the Department of National Defense to test its covert weapon detection system. The system uses cognitive microwave radar to detect hidden guns, knives, and other threats. With the potential for a government to back such technology, if all goes well, this may catalyze opportunity for advancements throughout the sector and Liberty Defense (SCAN.V).
With the potential technology to revolutionize the standards of security, Liberty Defense (SCAN.V) is seeking to become a market leader and take a seat at the table with companies like major government contractor L3 Technologies (LLL) who provides detection and security systems for U.S. Department of Defense, Homeland Security and foreign governments or leading tech innovator Harris Corp. (HRS) which supports government and commercial customers in over 100 countries. Liberty Defense (SCAN.V) may provide investors with the opportunity to take part in this rapidly growing market early on.
“Currently, there is a significant gap that must be addressed in urban security threat defense. HEXWAVE provides a wider perimeter for early detection beyond just the point solution typically positioned at an entrance of a facility. This essential layer will enable security measures to be proactively deployed to detect a threat before it transitions to an attack condition. Liberty Defense (SCAN.V) can fill this gap,” said Bill Riker, CEO of Liberty Defense (SCAN.V).
A Strategy That Builds Partnerships
In Mid-April, Liberty Defense (SCAN.V) expanded on its strategic initiatives. This includes testing and implementing the company’s HEXWAVE product at major epicenters of security risks. Furthermore, the proposed testing of its product with its Vancouver Arena Limited Partnership will occur at a site to be determined within or near Rogers Arena in Vancouver, BC.
In the coming months, we expect to be able to announce a number of key partnerships through our MOU program that will not only help validate the opportunities for this type of technology but also show the depth and reach of the Company and its Advisors.”Bill Riker, CEO of Liberty Defense (SCAN.V)
To give some perspective on the scope of this opportunity, Rogers Arena is one of the premier sports and entertainment facilities in North America. It has hosted over 25 million fans with a proud legacy of success. Events include NHL hockey games and most of the largest concerts and shows in the city. It was also the site where the Canadian women’s and men’s hockey teams won gold medals during the Vancouver 2010 Olympic Winter Games.
KEY DEVELOPMENT: Liberty Defense (SCAN.V) Signs MOU with the Utah Attorney General for Testing of HEXWAVE
Liberty Defense Holdings Ltd. (TSXV: SCAN) announced 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.
Can You Detect A Winner?
We live in a world where threats to our safety, both large and small, have impacted the way we as a society live. Increased security measures are being taken in several aspects of daily life such as entering a school or even a baseball game, often causing large delays. Worse off, not all current security measures are stopping these threats before they happen.
Liberty Defense (SCAN.V) is working on a solution to combat these issues head on through the implementation of its HEXWAVE product. As we move towards the future, it could be potentially lucrative for investors to pay attention to this sector and Liberty Defense (SCAN.V) early on, and you heard it here first!
Endnotes:https://www.massshootingtracker.org/  https://www.globaldots.com/worldwide-spending-on-security-solutions-expected-to-continue-growing/ https://everytownresearch.org/gun-violence-america/  https://homelandsecurityresearch.com/reports/explosives-detection-systems-market-technologies-industry  https://finance.yahoo.com/news/patriot-one-pre-qualifies-1-130000035.html
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