Liberty Defense Announces it has Completed US Beta Testing

Successful results and operational feedback contribute to system and algorithm enhancements for planned product release

WILMINGTON, Mass., Jan. 17, 2023 /PRNewswire/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of detection solutions for concealed weapons and threats, is pleased to announce it has recently completed its beta testing of the HEXWAVE™ in the United States and utilized beta data and operational feedback to make system configuration and algorithm improvements.

The latest beta trials were conducted at the University of Wisconsin for a major sporting event and at a US state capitol building. US state capitol employees and state representatives were able to proceed through the HEXWAVE walkthrough screening portal without having to divest common items like phones, keys, and wallets to improve overall security efficiency and experience. The Company has screened approximately 10,000 people to date during beta trials conducted over the last several months with major international airports, a major US airline, Major League Baseball, one of the largest places of worship in North America, and at testing locations including Toronto Pearson International Airport and Oriole Park at Camden Yards in Baltimore.

"Overall, we were extremely pleased by the results coming out of our recent beta trials," said Mike Lanzaro, President and CTO of Liberty Defense. "We demonstrated high levels of people throughput and system availability without compromising security. We were excited by the fact that during beta testing, we could quickly tune and adjust our AI algorithms to identify new threats and make improvements to the automated identification of threats in various locations on the person. Additionally, common employee items like badges, lanyards, steel toe boots, etc. were identified as benign by the system and did not have to be divested, demonstrating a true advantage over current security methods."

The HEXWAVE's core 3D video-rate imaging and Artificial Intelligence (AI) features provide enhanced detection with future proofing. Once the hardware is in place, the software can be adapted to new threats that emerge to evade current screening methods. These AI software upgrades will be available as part of the commercial product release, along with future customer and vertical-specific customizations.

In addition to patron or passenger screening, the Company continues to see increased customer interest in employee screening to mitigate insider threat – a growing area of concern in security operations as unfortunate acts of violence create even more demand for protection using enhanced security applications in both the urban security and aviation sectors.

"The culmination of years of effort and investment is upon us as we are now moving from Beta to Commercialization with production to begin later in Q1 2023 with delivery of the first units in Q2 2023," said Bill Frain, CEO of Liberty Defense. The Company remains committed to optimizing HEXWAVE to ensure that we stay ahead of new and emerging threats while providing our customers with a software upgrade path that preserves their investment over time. Liberty's commitment is to provide best-in-class security and threat detection, with a platform that delivers not only screening for metallic but also non-metallic threats, offering better detection across multiple verticals."

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On Behalf of Liberty Defense
Bill Frain
CEO & Director

Liberty Defense (TSXV: SCAN)(OTCQB: LDDFF)(FRANKFURT: LD2A) 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. Liberty's HEXWAVE product, for which the company has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com

When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause Liberty's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).

Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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SOURCE Liberty Defense Holdings Ltd.