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Liberty Defense Delivers Record Number of HEXWAVE's to Customer Locations
WILMINGTON, Mass, July 2, 2024 /CNW/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that recognized record revenue and delivery of it's HEXWAVE system in the month of June. The deliveries supported customers for aviation employee screening as well as commercial applications in the US, Canada and internationally.
https://www.newswire.ca/news-releases/liberty-defense-delivers-record-number-of-hexwave-s-to-customer-locations-847454281.html
Liberty Announces Update to Special Warrant Offering
https://www.newswire.ca/news-releases/liberty-announces-update-to-special-warrant-offering-860827871.html
Their X page "old Twitter" shows a demo earlier this week
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Liberty Defense
@LibDefense
·
Jun 18
Great morning demonstrating HEXWAVE next generation security screening technology and HD-AIT to senior aviation executives from Bangladesh, Brazil, Fiji, Maldives, Philippines, Samoa, Thailand and Ukraine as part of the U.S. Trade and Development Agency (USTDA) Worldwide TSA.
https://x.com/LibDefense
U.S Airports Deploying Liberty's HEXWAVE for Employee Screening
Courtesy of Steve_wasi:
https://stocktwits.com/Steve_wasi/message/576463564
https://finance.yahoo.com/news/u-airports-deploying-libertys-hexwave-120000207.html
https://www.reddit.com/r/LibertyDefense/s/0045z9VCxq
"
a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, will be deploying HEXWAVE to US airports in July to meet TSA's National Amendment for Aviation Worker Security Screening.
In April 2023, a mandate was issued requiring U.S. airports to adopt physical screening procedures for employees with access to secure-side areas of the airport. The mandate was further reinforced by a U.S. Court of Appeals decision denying airports the ability to delay the screening process. To implement screening for aviation workers, airports will need technologies that provide a broad range of threat detection that can meet the current screening requirements and those mandated for the future.
Liberty Defense recently announced awards for multiple HEXWAVE's to be deployed at Rochester International Airport and Manchester-Boston Regional Airport. The Company is actively working with several major airports on their screening requirements and anticipates a continuous order flow for the next twelve months as airports finalize their plans. Based on a third-party assessment, the major CAT X, I and II airports in the U.S. would require a total of approximately 500 systems to meet the screening requirements.
Unlike weapon detection technology, HEXWAVE uses millimeter wave, advanced 3D imaging and AI to detect all types of concealed metallic and non-metallic threats and other prohibited items – without the passenger having to divest common items. The system allows for rapid, automated screening using a high-throughput, contactless, walkthrough portal to detect liquid, powder and plastic explosives, 3D printed ghost guns and other threats of concern today that enhanced metal detectors on the market cannot detect.
"Insider threat is a real risk, and we are excited to be working with airports looking to implement next generation technology like the HEXWAVE" said Bill Frain, CEO of Liberty Defense. "The common goal is to provide security while maintaining a seamless process for the employees. The flexibility and portability of the HEXWAVE allows the Airport to quickly deploy and move the HEXWAVE to help meet security screening requirements to areas inside the Airport."
...
The proceeds from the Offering will be used to fund the production of HEXWAVE units (approximately $1 million) and for general corporate and administrative purposes ($500,000).
"
According to Liberty there are 514 airports which is on slide 12 of this presentation
https://libertydefense.com/wp-content/uploads/Liberty-Defense-Investor-Deck-April-2024.pdf
and since it looks like the airport scanners are going to be out of this budget that could be a starting point of around 50 million dollars. Can Liberty lock in all the airports? And as usual dealing with the government all this could change yesterday.
How much of this funding will find its way into Liberty cash register?
Airport Alert: House Appropriations Committee Releases FY 2025 DHS/TSA/CBP Report; Key Provision Included on Aviation Worker Screening
https://aaae.org/airport-alerts/airport_061124?hsLang=en
The question is, will our production meet the urgent need? If competition is more nimble, they could gain traction.
I am fairly certain the Liberty Advisors have pre existing relationships with all the acronyms listed too…🤔🤔🤔
Hope we get a piece of that.
Airport Alert: House Subcommittee Approves FY25 DHS Appropriations Bill; Good News for Airports
House Subcommittee Approves FY25 DHS Appropriations Bill
June 4, 2024
After a brief markup that largely focused on border and immigration issues, the House Department of Homeland Security Appropriations Subcommittee approved its fiscal year 2025 (FY25) spending bill by voice vote. The bill provides $64.81 billion, $2.2 billion above the budget request for DHS, including TSA and CBP.
https://aaae.org/airport-alerts/airport_060424?hsLang=en
Q1 financials are usually in late May, soon I would think?
https://libertydefense.com/investors/financial-reports/
It seems like we are entering a period when a true professional operations manager is critical. Failure to satisfy demand would dampen product appeal.
I’m more interested in Frain’s response around the 36’ mark… RFP’s they are responding to, and awards in the coming months, lots of activity, etc.
I know this is great news but thinking out loud here we have a facility or head quarters that can produce about 60 Hexwaves with a backlog around 60 yet still announcing more sales. And additional manufacturing not coming online until 4th quarter when agreement established. The potential for further sales seems way beyond numbers announced already. There just seems to be a element of urgency missing in manufacturing unless there is a larger player with Liberty yet to be announced. Interesting,,,thoughts anyone
More news…🤔🤔🤔
https://www.reddit.com/r/LibertyDefense/s/qcknyG0fDj
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pleased to announce that its HEXWAVE system was selected by Manchester-Boston Regional Airport ("MHT" or the "Airport") to deploy the HEXWAVE to meet the TSA's National Amendment for Aviation Worker Security Screening.
Strategically situated in the heart of New England, Manchester-Boston Regional Airport is located less than fifty miles north of Boston, Massachusetts, and less than an hour's drive from the region's most popular ski areas, scenic seacoast beaches and peaceful lakefront resorts. MHT is the premier aviation gateway for the region and was recently named #1 Best Domestic Airport in the country by Travel + Leisure's World's Best Awards 2023.
With the recent release of the TSA mandate to implement screening for aviation workers, airports will need technologies that provide a broad range of threat detection that can meet the current screening requirements and those mandated for the future.
"As industry leaders, we are excited to acquire the HEXWAVE system to use in our broader airport security program," said MHT Airport Director Ted Kitchens, A.A.E. "The portability of the HEXWAVE solution will provide enhanced security in non-traditional areas of the airport. We are excited to work with Liberty Defense, as we are continually looking to innovate and improve the overall safety of our airport."
“
Liberty Defense Receives Contract for Multiple HEXWAVE's from Manchester-Boston Regional Airport
https://www.newswire.ca/news-releases/liberty-defense-receives-contract-for-multiple-hexwave-s-from-manchester-boston-regional-airport-837273061.html
Sounds like New York needs a detection system for liquid explosives.
........................................................
Man accused in fiery liquid attacks on New York City subway riders
https://www.msn.com/en-us/news/crime/man-accused-in-fiery-liquid-attacks-on-new-york-city-subway-riders/ar-BB1n597V?OCID=ansmsnnews11
Frain does great in front of the camera, that last webinar was great he put out some really good info. I’m getting antsy …hoping for a chance to double down 🤑
On the webinar starting around the 39 min mark Bill mentions what he thinks the current MC of the company should be and that is around 100 mil, with that said we are way undervalued at 12 cents. Also mentioned
Backlog of around 60 machines
Contract manufacturing by 4th quarter of 2024
NASDAQ up listing in 2024
I traveled through a little town called Tatamy yesterday, Im thinking more eastern central Pa. That place is building mega warehouses all along rt33.for the past 20 years and still building today. They even have a Amazon distribution center next to the hi way.You are right this eastern Pa could be a sweet spot for Liberty.
This is map location but I never posted one before so ill see if it works, anyway its above or north of rt 78 and once the part of rt 78 was completed the eastern region of Pa has seen tremendous growth.
https://www.google.com/maps/[@ userid=75].2748395,3323m/data=!3m1!1e3?authuser=0&entry=ttu
I did tune into the webinar. It was a fairly impressive revenue road map, and I found myself thinking of low-cost next step production expansion location possibilities. Northeast PA has been exploding for some very compelling reasons.
The Webinar from Thursday, around the 9 minute mark Bill does talk about production.
Northeast Pennsylvania has recently emerged as a distribution meca for countless major companies. Proximity to interstate highways and PA turnpike provide immediate and efficient distribution. Very favorable tax accommodations and workforce candidates round out the attractiveness. All the components for a fledgling company to expand rapidly.
They prepped for large orders, both Daryl on IIF conference and Frain on his last mentioned “contract manufacturers”. No need for those without BIG expectations…
And we just went international too
That would be huge for Liberty hope they would be able to handle orders that size.
The alternative for NY would be hang a sign saying saying "Ghost guns and Solid explosives " NOT allowed through scanner
I did NOT, but I assume we just got La Guardia and I expect DHS (FOVEA video) to land us most of that.
Did you see the article in WIRED about scanners in NY.
https://www.wired.com/story/evolv-gun-detection-nyc-subways-emails/
I really won’t be able to double down cheap…🥹
https://www.reddit.com/r/LibertyDefense/s/BGWUdnBwD0
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is pleased to announce that its HEXWAVE™ system has been purchased by a major international airport in New York to support its aviation worker security screening program.
"We are thrilled to have received the award following a public tender and to be chose to support the airports aviation worker screening requirements," said Bill Frain, CEO of Liberty Defense. "The flexibility and comprehensive detection capability that HEXWAVE offers are driving widespread interest in the system from across the aviation sector. It is highly portable and can be rapidly deployed both indoors and outdoors to seamlessly facilitate screening in various areas of the airport."
In April 2023, Transportation Security Administration (TSA) issued an Airport Security Program National Amendment, which will require U.S. airport to adopt physical screening procedures for employees with access to secure-side areas.
HEXWAVE enables rapid, automated, high-throughput screening using a contactless, walkthrough portal that can detect a diverse range of threats well beyond what enhanced metal detectors on the market can detect. It uses millimeter wave, advanced 3D imaging, and AI to detect all types of concealed threats, including both metal and non-metal items, liquids, powders, plastic explosives, 3D-printed ghost guns, and other novel threats or prohibited items – without the passenger having to divest common items like keys, wallets, or phones
Liberty Defense Completes Sale of HEXWAVE to Major US International Airport
https://www.newswire.ca/news-releases/liberty-defense-completes-sale-of-hexwave-to-major-us-international-airport-832281231.html
Post from FORTUNE (@FortuneMagazine)
FORTUNE (@FortuneMagazine) posted at 10:46 AM on Thu, May 09, 2024:
"AI isn’t destroying jobs in aviation—it’s giving us superpowers to improve air travel," writes Brian Tossan, the CTO of Greater Toronto Airport Authority. https://t.co/4lCw8mfyuY
(
)"AI isn’t destroying jobs in aviation—it’s giving us superpowers to improve air travel," writes Brian Tossan, the CTO of Greater Toronto Airport Authority. https://t.co/4lCw8mfyuY
— FORTUNE (@FortuneMagazine) May 9, 2024
Guess doubling down <$.10 is out of the question…😂🤣😂🤣
https://www.reddit.com/r/LibertyDefense/s/lPvU403w4w
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is pleased to announce that its HEXWAVE™ system has been purchased by a Juvenile Correctional Facility in Santiago, Chile, with deployment scheduled for this summer.
The system was purchased by Setronix Chile S.A., a leading security company with over 30 years of experience deploying and maintaining cutting-edge technology solutions for security applications throughout Chile. The system will be operated by SENAME, the National Minors' Service (Servicio Nacional de Menores), a government agency managed by the Ministry of Justice and Human Rights. The technology will use it to secure a juvenile correctional facility in Chile.
HEXWAVE is a next-generation, walkthrough, contactless threat detection system that uses low-power radar imaging, coupled with AI and an advanced computing platform, to rapidly detect concealed threats. It provides automated go/no-go decision support to security operators and can detect all types of concealed weapons, including metal and non-metal weapons, plastics, powders, and other prohibited items.
HEXWAVE is seeing growing adoption in multiple market verticals requiring high levels of security including courthouses, national labs, prisons, government facilities, and ports of entry in aviation and other sectors. HEXWAVE provides a safe and efficient screening solution for juveniles as an alternative to transmission X-rays.
"This is an important award for Liberty as we expand our customer base internationally and into Latin America," said Bill Frain, CEO of Liberty Defense. We won this tender based on HEXWAVE's mobility and its ability to safely and efficiently screen for a broad range of threats and prohibited items to secure the safety of all within the correctional facility. We are confident this will lead to more adoption throughout Chile."
With facilities at Arturo Merino Benítez Airport, Setronix Chilie S.A. is strategically positioned to support security-based operations both in Santiago and in other parts of the country.
SENAME, Ministry of Justice and Human Rights, is a government agency in Chile focused on safety and security in juvenile justice and reintegration. It cares for adolescents and young people who have been in conflict with the law between the ages of 14 and 17.
“
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In other news, Liberty Defense will Host Live Corporate Update Webinar on May 16th at 2pm ET
Liberty Defense's CEO, Bill Frain, will be hosting a webinar to provide important updates on the Company, including strategic partnerships, and discuss current operations and upcoming milestones, followed by live Q&A. You may submit your question(s) beforehand in the registration form linked below.
Investors and other interested parties invited to join and learn more about Liberty Defense's HEXWAVE contactless security and threat detection technology. Date: Thursday, May 16th, 2024 Time: 2pm ET Register: Webinar Registration
For updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.
“
Liberty Defense Announces Award of HEXWAVE to Latin America
https://www.newswire.ca/news-releases/liberty-defense-announces-award-of-hexwave-to-latin-america-825091211.html
I have an order in, for the guy that predicted a nickel this month (just in case someone upstairs is willing to let me double my shares before takeoff).
https://www.reddit.com/r/LibertyDefense/s/oO2Rw3HW7e
Liberty Defense Ships HEXWAVE's to Major Canadian Airport
https://www.newswire.ca/news-releases/liberty-defense-ships-hexwave-s-to-major-canadian-airport-to-provide-enhanced-screening-825655698.html
Good way to start the week, and next week a webcast on 16th.
Same page with Don Jr…
Watched that International Investment Forum conference. Darrel put out some good info, I requested a copy from them to post and share, but we (LDDFF) are in talks with 2 entities to put the projected 150 units this year in the rear view significantly. Latest financials suggest money from TSA by end of calendar year…
https://www.otcmarkets.com/otcapi/company/financial-report/399300/content
Lots of good things coming for those waiting. I’m adding.
I think we are fine, we have some cash and launch time will be when sales are announced that will
further fund this.
2 mil from Viken Detection this year, 2 tranche for another 2 mil this year and 31 units sold so we have about 6 mil to fund operations with a burn rate of 2.5-3 mil a quarter per filing on page 7. ( management discussion )
The next 5 months should be huge with the airports sales potential, they have until September to commit. If they have to be compliant by September which I dont know if thats the case, it would get crazy here.
There seems to be some scepticism regarding the company's ability to have an adequate revenue stream come online to fund operations. Obviously, we shareholders demonstrate uncommon optimism. I hope we are right.
Any encouragement / insight welcome.
Liberty Defense Holdings, Ltd.
Consolidated Financial Statements
For the Years Ended December 31, 2023 and 2022
https://www.otcmarkets.com/otcapi/company/financial-report/399298/content
MANAGEMENT’S DISCUSSION AND ANALYSIS
YEAR ENDED DECEMBER 31, 2023
https://www.otcmarkets.com/otcapi/company/financial-report/399300/content
As long as they have working capitol to move forward, this year should be launch time
Revenue Year ended December 31,
2023
Battelle Contract Award $ 32,557
TSA Contract Award HD-AIT 1,265,000 -
TSA OA Development 75,000 -
HEXWAVE 120,000 -
Total Revenue $ 1,492,557
2022
Battelle Contract Award $ 49,134
Total Revenue $ 49,134
Good news for revenue growth, and the SP does squat. What will it take to convince serious investors?
When I heard the notification I knew…
It was from you and I missed my chance to lower my average further:
https://www.reddit.com/r/LibertyDefense/s/jA1y2BIg76
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is pleased to announce that it has shipped commercial units of its HEXWAVE™ system to Amsterdam in the Netherlands, and to Subic Bay Airport in the Philippines, expanding its international customer base with the support of its distributor network.
…
"We continue to see growing demand for HEXWAVE from airports and other high-security facilities, not just in North America, but from overseas as well, particularly as the world continues to face geopolitical tensions and threats of terrorism," said Bill Frain, CEO of Liberty Defense. "As we expand our footprint globally, we are working closely with distribution partners to ensure we can effectively serve markets throughout Europe, the Middle East, Africa, and Asia."
Liberty strategically partners with experienced and established companies in foreign markets to provide additional sales and service support to international customers. These partners have deployed thousands of security systems for baggage screening and HEXWAVE is a perfect complement to these technologies offering on-person screening.
"
Liberty Defense Expands International Customer Base
https://www.newswire.ca/news-releases/liberty-defense-expands-international-customer-base-887074269.html
That 15 cent buy at the open caught my attention.... only to fizzle.
I lowered the count on my order, but I don’t expect it to go through after that article…
https://www.reddit.com/r/LibertyDefense/s/52XG1skPE6
Liberty Defense Receives $1M Advance Payment from Viken Detection for HEXWAVE System
https://www.newswire.ca/news-releases/liberty-defense-receives-1m-advance-payment-from-viken-detection-for-hexwave-systems-840320146.html
I need 2 weeks to add my last tranche…🙁
I’m hoping the blowout comes after that
Looking forward to earnings next week. some of the predictions from company
? Sales Growth
• 2023: Achieved target of +30 units
• 2024: Targeting +150 units
https://libertydefense.com/wp-content/uploads/Liberty-Defense-Fact-Sheet-April-2024.pdf
We had 31 units sold so far this year
And maybe some airports to sign on soon
Gonna get interesting
https://www.reddit.com/r/LibertyDefense/s/T08HH11MBt
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is pleased to announce that the HEXWAVE™ product was granted a formal equipment authorization approval from the Innovation, Science and Economic Development Canada (ISED), another important milestone for Liberty's ultra-wideband technology. This certification allows the Company to deploy HEXWAVE for commercial and government applications throughout Canada.
…
Radio Frequency devices are required to be properly authorized before marketing and deploying the product in Canada. ISED Canada certification is a mandatory process for any radio equipment that wants to be sold or imported into Canada. This certification ensures that the equipment meets all the technical requirements and safety standards set by ISED Canada. This certainly can prove to be a barrier to entry in the securities market.
"This is an important milestone for HEXWAVE, allowing the Company to deliver product into Canada, a growing market for enhanced on person screening applications" said Bill Frain, Liberty's CEO. "We already have orders in the region and plan to start delivering units in April given this important certification."
In addition, the Company's Chairman and Executive Director, Daryl Rebeck, will be presenting a Company update at the International Investment Forum (IIF) at 1:00 EST on April 17th, 2024. Please feel free to register now at:
https://us06web.zoom.us/webinar/register/WN_N6sG6ptYQ5aqBA6J1AYa3w#/registration
“
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