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Thursday, June 13, 2024 11:54:21 AM
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
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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."
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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).
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