Liberty Defense Holdings is now trading on the TSX Venture Exchange under the symbol "SCAN". The company will provide security solutions for concealed weapon detection in crowded areas, like stadiums, airports, schools, and public transit.
The company opened today at $0.90 with 66.55 million shares outstanding, putting it at a market cap of $56.57 million.
Prior to the qualifying transaction, Liberty completed a successful $6M announced raise on March 20, 2019, which was oversubscribed to finish at $7.06 Million.
“We are delighted to be able to commence trading on the TSX Venture under the symbol “SCAN”. The completion of the recent reverse takeover and associated financing means that we are well placed to be able to achieve our business objectives in 2019,” said Liberty’s Chief Executive Officer Bill Riker. “We are already having exceptional interest in our HEXWAVE product and look forward to demonstrating this over the coming months. The technology behind HEXWAVE is under an exclusive license with MIT and a technology transfer agreement with MIT Lincoln Laboratory. Our mission is to protect communities and preserve peace of mind through superior detection solutions, and we believe we have the management team, product and technology to deliver upon this.”
Liberty’s management team is intriguing – the Advisor group alone includes Francesco Aquilini (owner of the Vancouver Canucks), and Victor Montagliani, Vice President of FIFA. The company’s investor deck cites that there is a Memo of Understanding with Aquilini’s Roger Centre to beta test the technology. The full management and advisory team can be found
here.
Patriot One (V.PAT) is another actor in the space, and has proven that investors understand the potential in weapons detection, currently trading in the $2.40 range and boasting a $330 Million market cap.
According to
Forbes.com, “the global explosives and weapons systems market is projected to be more than $8 billion by 2020 and more than $11 billion by 2025.”
About Liberty Defense
Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and has secured an exclusive license from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3D imaging technology that are packaged into the HEXWAVE product. The system is designed to provide discrete, modular and scalable protection to provide layered, stand-off detection capability. This is intended to provide a means to proactively counter evolving urban threats. The sensors with active 3D imaging and AI-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more:
LibertyDefense.com
For further information contact: