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If they have plans to outfit schools with scanners you can bet a starting point would be a school that had notice of threats already. And even investigated.
I would hope they use scanners that are quick and VERY effecient. And not just metal detectors. Kids can be very creative in beating a system.
In the next 60 days I hope we see a manufacturer listed, AND with their projections of about 12mil in earnings for 2024 that would be about another
90 units (at least) in sales announced. Sure is going to get interesting between now and years end.GLTA
Edgewater Wireless Reaches Silicon Production Milestone
Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential, enterprise and Industrial IoT markets, reaches a major silicon production milestone and commences shift to North American packaging facility.
https://www.businesswire.com/news/home/20240829346373/en/
I think they should just keep with informing us investors with progress, its early in the game for Liberty in just starting sales.
We need more sales and a manufacturer for the Hexwave announced to complete the short term picture. Then its off to the HD-AIT upgrades.
We had good news and the needle didnt budge. Evolv has no news and its running. Market action as usual
I wonder if Evolv got the scanner deal in NY??
NON diluting funding
"This is not just a credit facility as we have gained a true partner in Parabilis that appreciates the importance of the technology and will be there to support our growth. This agreement gives us a source of non-dilutive funding that helps us advance our commercial efforts, said Bill Frain, CEO of Liberty Defense. "The ongoing demand we are seeing for HEXWAVE in the marketplace is driving the need to manufacture more product and manage our working capital in support of sales. In addition, this program supports the significant progress on the commercialization of the High-Definition AIT upgrade kit which we intend to deploy at airports in 2025."
Liberty Defense Announces $4.3 Million USD Credit Facility With Parabilis to Support Working Capital
WILMINGTON, Mass., Aug. 22, 2024 /CNW/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of Artificial Intelligence (AI) based next generation detection solutions for protecting secure locations against prohibited weapons and other threats, is pleased to announce that it has secured a term loan and revolving credit facility with US Government funding specialist Parabilis.
Parabilis offers government contract financing solutions, specializing in providing fast, flexible, and affordable lines of credit to small and medium-sized contractors. Leveraging their management team's 100 years of government contracting executive experience, Parabilis aims to support the growth of businesses by addressing the common problem of working capital requirements. Their services enable government contractors to fund rapid growth, bid with confidence, and protect profits, empowering them to realize the profitability they have earned.
Liberty will leverage purchase orders, government contracts and accounts receivables from commercial product sales to support working capital needs
The agreement provides immediate access to cash flow to support production of inventory to meet ongoing demand
https://www.newswire.ca/news-releases/liberty-defense-announces-4-3-million-usd-credit-facility-with-parabilis-to-support-working-capital-867070476.html
Those results are impressive....
The system was tested over the 2 days with approximately 400 scans with individuals using more than 25 types of concealed threats. For security reasons the actual threats used and the specific performance on those threats is considered "Classified" and that information will not be provided.
"We were impressed by the results of the system, especially given the military type of threats that were used in the testing," said Bill Frain, Liberty's CEO. "The HEXWAVE had an impressive performance of greater than 90% detection or better on 18 various simulant threats, both metallic and non-metallic. This is certainly above industry standards and gives customers the confidence of performance to meet their operational requirements."
https://www.newswire.ca/news-releases/liberty-defense-displays-impressive-results-of-the-hexwave-from-on-person-borne-improvised-explosive-device-ied-scoping-trial-881126561.html
Liberty Defense Displays Impressive Results of the HEXWAVE from On Person Borne Improvised Explosive Device (IED) Scoping Trial
The results were released from a trial held late last year, which was a collaboration between US government agencies, US Military and NATO countries to collect and analyze security detection performance data for the purpose of determining Person Borne IEDs (PBIEDs) detection capabilities of US and European partners for Force Protection. PBIED simulants included metal, clay, sugar, plastics, and wood. Simulated metallic and non-metallic shrapnel were also used. Weapons included inert pistols and an inert rifle, inert hand grenades, various knives, and backpack bombs (simulated using a pressure cooker and metallic Shrapnel).
https://www.newswire.ca/news-releases/liberty-defense-displays-impressive-results-of-the-hexwave-from-on-person-borne-improvised-explosive-device-ied-scoping-trial-881126561.html
Would love to hear the status of a external manufacturing facility for this company.
kind of get out of the garage making these units image....hey just thinking out loud
Edgewater Wireless Provides Commentary on Avon River Ventures LLC Valuation Report Press Release
https://www.businesswire.com/news/home/20240815090530/en/
unauthorized Avon River Ventures LLC news release.........And I thought that was a good news release at least for investors
Qualcomm is a top player in V2X
https://www.greyb.com/blog/v2x-companies/
Quarterly out you can view it here
https://libertydefense.com/investors/financial-reports/
One good thing in Hexwave sales, first quarter had $99,000 in sales and this ( 2nd ) quarter was $698,532.
3rd quarter should be more than double 2nd quarter already with 20 units to Texas
GL and still buying
Share structure
Shares Outstanding 161,419,674
Warrants Outstanding 51,163,214
Options 6,689,597
RSUs 7,404,130
As at March 25, 2024
https://libertydefense.com/investors/share-structure/
We have news
Liberty Defense is Pleased to Announce the Delivery of First Units to Support Texas Department of Criminal Justice and the Closing of Previously Announced Financing
WILMINGTON, Mass., Aug. 13, 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 its HEXWAVE systems were delivered to Linev Systems US for deployment at correctional facilities throughout the state of Texas. This is in support of the purchase of 20 HEXWAVE's by the Texas Department of Criminal Justice (TDCJ). The HEXWAVE units will be deployed at the screening entrances to improve contraband detection capabilities such as weapons, cell phones and drugs while increasing search capacity and consistency.
The selection of Liberty Defense's HEXWAVE technology reaffirms TDCJ's commitment to securing their facilities with a modern-day security approach, ensuring minimized entry wait times and enabling the most secure and safe access for all entering the facilities.
The TDCJ is responsible for the supervision of approximately 155,000 incarcerated inmates. The Texas Department of Corrections contains 51 state prisons along with several other facilities for inmates. Their mission is to provide public safety, promote positive change in inmate behavior, reintegrate inmates into society and assist victims of crime.
https://www.newswire.ca/news-releases/liberty-defense-is-pleased-to-announce-the-delivery-of-first-units-to-support-texas-department-of-criminal-justice-and-the-closing-of-previously-announced-financing-898660895.html
Thinking about it a little more I would re release this news early monday maybe add some dollar amount estimates even if there is no more news intended for the week
But seriously they do need to go back to weekly news updates.
Unless they have more news next week and this is a warm up, but yea I agree it would be better early in the morning or week.
Liberty Defense is Pleased To Announce the Completion Of Installations And Start of Operations At Multiple Airports in US and Canada
WILMINGTON, Mass., Aug. 9, 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 its HEXWAVE system were installed and put into operation at Rochester and Manchester Airports to screen aviation workers as part of the new TSA Mandate on Employee Screening. Units have also been installed at Toronto's Pearson International Airport.
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.
In addition, the Company has shipped initial units to support the order from Texas Department of Criminal Justice (TDCJ) to screen staff and visitors that will enter correctional facilities.
https://www.newswire.ca/news-releases/liberty-defense-is-pleased-to-announce-the-completion-of-installations-and-start-of-operations-at-multiple-airports-in-us-and-canada-818449499.html
I have been buying last 2 days and under 6 cents. could not resist.
I think we have a better product than EVOLV and they are making $$
EVOLV earnings today
Q2 Revenue of $25.5 million, up 29% year-over-year
Q2 Ending ARR1 of $88.9 million, up 64% year-over-year
Q2 Ending RPO2 of $262.9 million, up 33% year-over-year
Q2 Ending Evolv Express® subscriptions of 5,323, up 57% year-over-year
Edgewater Wireless to Nominate Jim Skippen to Board of Directors
Jim Skippen, former CEO of WiLAN and one of the world’s leading Intellectual Property strategists, accepts Edgewater’s invitation to join the Board of Directors
https://www.businesswire.com/news/home/20240806748201/en/
A southeast Pa stabbing led to finding this ghost gun ring. A make from home product.
https://www.wfmz.com/news/area/southeastern-pa/its-bad-boyertown-residents-react-to-illegal-ghost-gun-ring/article_d78d186a-4eec-11ef-ad64-3f18311b5744.html#tncms-source=Homepage-Top-Stories
Could not resist, picked some up under .08. Getting close to that .05 but I kinda doubt it will hit it. Eh never know
Some interesting articles on scanners in NY and Im sure would be no different if deployed in California.its a constant test. I would think that if you have a tiny flaw
they will find it. But grease some palms is an interesting thought.
..................................................................................................................................................................................................
The Evolv scanner — a sleek-looking weapons detector using artificial intelligence to search riders for guns and knives — was on display at a lower Manhattan subway station where Mayor Eric Adams announced the 30-day trial.
“This is good technology,” Adams said at Fulton Center near the World Trade Center.
https://apnews.com/article/subway-guns-detection-ai-new-york-city-6104a9285d74ae1d80c8c2166da3ac17#:~:text=The%20Evolv%20scanner%20%E2%80%94%20a%20sleek,near%20the%20World%20Trade%20Center.
............................................................................................................................................................................................................
Mayor Eric Adams’ controversial plan to install gun-detecting tech in the Big Apple’s beleaguered transit system was booted up Friday in lower Manhattan.
The weapons scanner pilot program from company Evolv, which was unveiled by the tech-loving mayor in March, went live in the Fulton Street station at around 4 p.m., ahead of the evening commute.
A Post reporter observed passengers forking over their handbags and backpacks to police for inspection before they passed through the electronic detector, where there was a sea of additional officers waiting on the other side. Once cleared, they walked back and retrieved their items.
One police officer wearing rubber gloves was seen thoroughly searching one straphanger’s black backpack, carefully going through each pocket.
https://nypost.com/2024/07/26/us-news/controversial-gun-detecting-tech-goes-live-at-nycs-fulton-street-subway-station/
https://www.nydailynews.com/2024/07/26/nypd-rolls-out-weapons-detectors-at-mta-subway-station-in-lower-manhattan-evolv-fulton-street/
On the "Fact Sheet" they list open events under target market.
https://libertydefense.com/wp-content/uploads/Liberty-Defense-Fact-Sheet-April-2024.pdf
Going to be interesting in a few weeks (month?) when New York decides on the scanners they are going with. Same fact sheet says Hexwave designed for subway
which is what NY is looking for. And Evolv said their scanner is not meant for subways.
Edgewater Wireless Nominated to Participate in the Accelerated Growth Service (AGS) Program
https://www.businesswire.com/news/home/20240723978757/en/
July 23, 2024 09:03 AM Eastern Daylight Time
OTTAWA, Ontario--(BUSINESS WIRE)--Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), an industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce it has been nominated to participate in the Accelerated Growth Service (AGS) program by Innovation, Science and Economic Development Canada (ISED-ISDE). AGS offers support to a number of high-growth, high-potential, qualifying businesses across Canada.
“We are thrilled to have been selected to participate in ISED’s Accelerated Growth Service program. Accessing the AGS network helps high-growth Canadian semiconductor companies like Edgewater accelerate global growth while creating Canadian jobs”
Post this
“We are thrilled to have been selected to participate in ISED’s Accelerated Growth Service program. Accessing the AGS network helps high-growth Canadian semiconductor companies like Edgewater accelerate global growth while creating Canadian jobs,” said Andrew Skafel, President and CEO of Edgewater Wireless. “Tapping the network of industry experts will allow us to leverage the growing North American and Canadian semiconductor ecosystem to unlock our global potential. We are delighted that our government advisors have recognized the value of Edgewater’s strategic growth plans, and look forward to engaging with AGS’ network of industry experts.”
As part of the program, Edgewater may gain access to key government support such as R&D funding, advisory services, financing assistance, and global partnership and export opportunities. The AGS program will also provide Edgewater with a personalized team of government experts to support the company’s growth plans and help identify new government programs that could help Edgewater capture near and long-term business opportunities. Accessing federal and provincial funding and development programs will allow Edgewater to amplify innovation and growth investments.
Going to take a few things to get it rolling.
List for 2024 on latest Video
This news along with the 60+ backlog this year should be enough to push this to 100+ mil market cap by years end. Would be nice to see a couple more news releases soon, I do think they were expecting to announce the delivery of the Hexwave to the New York airport in July. So thats this week or next.
Good article
Even though the mandate has been moved to 4/2026 airports with the money can purchase the Hexwave today.
................
Major airports are at the forefront of embracing advanced detection technologies. The federal mandate for employee screening at major airports by April 2026 underscores the industry’s commitment to comprehensive security.
https://internationalsecurityjournal.com/liberty-defense-weapons-detection/
initial deliveries of Edgewater’s next-generation Wi-Fi Spectrum Slicing powered access point solutions totalling approximately $400,000 are planned for later this calendar year (subject to final commercial terms).
Edgewater Wireless Announces Letter of Intent with WCS Europe for Next-Generation Wi-Fi Spectrum Slicing Powered Access Point Solutions
https://www.businesswire.com/news/home/20240627877884/en/
They should add numbers to the news reports either amount of scanners shipped or a dollar figure of shipped scanners.
And one thing for sure is to release news at 7am not 8......just thinking here
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
..................................
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
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.
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
Edgewater Wireless Further Strengthens Patent Portfolio with its Third Spectrum Slicing Patent Application
https://www.businesswire.com/news/home/20240611109253/en/
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/