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Liberty Defense Holdings Ltd V.SCAN

Alternate Symbol(s):  LDDFF

Liberty Defense Holdings, Ltd. is a technology provider of artificial intelligence (AI)-based detection solutions for protecting secure locations against prohibited weapons and other threats. The Company is principally engaged in the commercialization of an active three-dimensional (3D) imaging technology system, HEXWAVE, to detect concealed threats. The Company provides multi-technology security solutions for concealed weapons detection in high-volume foot traffic areas and locations requiring enhanced security, such as airports, stadiums, schools, and more. Its HEXWAVE product provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons using active 3D imaging technology. It also offers millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio.


TSXV:SCAN - Post by User

Comment by AsISeeIt9on Jul 19, 2024 8:58pm
105 Views
Post# 36140882

RE:RE:Bottoming out

RE:RE:Bottoming out

Good question.

For any new technology to gain traction, each new potential customer is reluctant to be the one to take a risk on an unproven technology. The decisionmaker is naturally reluctant since he would face recriminations internally if he decided to buy something that worked to work as marketed.

Each new customer provides further validation of the tech and makes each new sale more likely as it mitigates risk for each corporate decision-maker.

I believe this is the largest order they have ever received so the customer acceptance is growing. Sales should now grow at an accelerating pace.

They sold 5 units to Smith Detection at US$ 90,000 per unit so this order may (depending on discounts) be over C$ 2 million.

Assuming they have (or can get) the working capital and production to fulfill these orders quickly, I expect revenues to grow dramatically. 


Success breeds success. I have followed them for many years and I hope this bulk order changes the perception of the company, for customers and investors.


 

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