Bullboard - Stock Discussion Forum Liberty Defense Holdings Ltd LDDFD

Primary Symbol: V.SCAN

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... see more

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Liberty Defense Holdings Ltd > Liberty Defense Receives Contract Modification

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Post by Betteryear2 on Sep 25, 2024 7:02pm

Liberty Defense Receives Contract Modification

WILMINGTON, Mass., Sept. 25, 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 received additional funding under its current contract with the Transportation Security Administration (TSA). The contract was awarded in 2023 with a total value of $3.86M. With this additional funding, $1.69M of the total contract value has been obligated. The funding will support additional design efficiencies into the development of a High-Definition Advanced Imaging Technology (HD-AIT) upgrade kit for testing on an Advanced Imaging Technology (AIT) passenger screening system.

Liberty Defense Receives Contract Modification from TSA for Continued Development of AIT Screening Kits (newswire.ca)