- Liberty Defense Holdings (TSXV:SCAN) has received a development contract from the Transportation Security Administration (TSA)
- The Canadian AI stock will use this research and development contract to provide the TSA with enhanced detection and an improved passenger experience
- The contract is for $1.25 million with options for a total value of $3.86 million
- Liberty Defense Holdings Ltd. last traded at $0.18 per share
Liberty Defense Holdings (TSXV:SCAN) has received a development contract from the Transportation Security Administration (TSA).
The Canadian AI stock will use this research and development contract to provide the TSA with open architecture (OA) software, end-to-end engineering development, and the maturation of the high-definition advanced imaging technology (HD-AIT) wideband upgrade kit that is expected to offer enhanced detection and an improved passenger experience.
The contract is for $1.25 million with options for a total value of $3.86 million.
This HD-AIT screening technology uses high-definition imaging and AI, working towards greater threat detection and fewer false alarms. The Canadian artificial intelligence company’s upgrade can work with other AIT units, opening the door to third-party hardware and software components.
The TSA is the U.S. Department of Homeland Security agency responsible for airline passenger security screening.
Its in-person screening program aims to detect a growing range of threats, with fewer false alarms and less physical contact. Open architecture is a technology-design approach for software and hardware that uses widely accepted standards to ensure interoperability across tools and platforms regardless of the technology designer, manufacturer, or supplier.
“This award from TSA represents further validation of Liberty’s commitment to advancing the agency’s ability to detect emerging and evolving threats concealed on-person while enabling the efficient and effective use of screening resources at the airport checkpoint,” the company’s president and CTO, Michael Lanzaro, said in a news release. “Liberty’s market and technology focus is to provide superior threat detection performance, including the detection of metallic and non-metallic threats, as part of an open-standards people screening solution using next-generation AI and millimetre-wave imaging. The HD-AIT Upgrade Kit will provide advanced threat detection and give TSA the opportunity to bring forth third-party providers that could provide other operational capabilities at the checkpoint.”
Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas, including airports, stadiums, schools and more.
Liberty Defense Holdings Ltd. last traded at $0.18 per share and is up 15.6 per cent over the past five days.
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