RE:RE:RE:RE:RE:RE:FianancialKey Highlights Next Generation Security Technologies • HEXWAVETM o Walk-through security portal detecting metallic and non-metallic threats o Proven technology using Millimeter Waves (MMW) and Artificial Intelligence (AI) to enhance performance o High Throughput; Ease of Use; Contactless. Mobility • HD-AIT – High-Definition Advanced Imaging Technology o Body & Shoe Scanner Technologies o Next generation checkpoint (arms down, enhanced imaging detection) o Upgrade airport checkpoint screening with TSA support +$40M invested to de-risk the technology and prove-out market applications Sales Growth • 2023: Achieved target of +30 units • 2024: Targeting +150 units Trusted Partners to Support Sales Growth • Transportation Security Administration (TSA) selected Liberty over direct competitors for enhanced detection performance in US Airports (+$5M invested and +$100M contract opportunity) • Smiths Detection provides access to a billion-dollar distributor network including +11k locations • Rapiscan is a leading global supplier of screening solutions for governments and private industry customers (initial purchase order of 20 HEXWAVE units) Chosen by MIT & Pacific Northwest National Labs to commercialize technology Engineered & Manufactured in USA Target Markets: Airports, Prisons, Schools, Hospitals, Sports and Entertainment Venues, Government Offices, Rails/Subways, Open-Air Events, among others Strong Team with Security Industry Experience and Hands-on Knowledge • MMW security detection experts with senior positions at L3, Raytheon, Leidos
Sales growth in 2023 of 30 units, in the 2023 y/e results they show 1 Hexwave sold, so they have an interesting backlog. If they meet their target for 2024 of 150+ this means around $18 millions, let's find out may 16 at the conference.