Airport Re-openings Launches Liberty Defense (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) to the Forefront With Its Disruptive AI Threat Detection Technology

2020 was one of the worst years on record for shootings, but thankfully there is a light at the end of the tunnel.

Reopenings across the country including tourism in Las Vegas -day clubs, casinos, concerts, and sporting events like UFC fights are at or near record levels are driving a surge in security needs from hackers demanding ransoms as well as concealed threat detection.

With restaurants, stores, offices, theatres and large-scale events reopened, fear is lurking around every corner.

Take for instance just last week, Russian hackers demanded USD $70 million to restore data held by companies hit in a cyber attack.1

Thankfully, security threat detection companies are stepping in to secure and assure people and businesses are safe.

Big deals like Leídos’s USD$470.7 million TSA contract for screening equipment are kicking off a wave of investment for threat detection technologies.

Crowd-safety firm Evolv Technology attracted investors like billionaire Bill Gates and VC firm General Catalyst, and is set to go public in a huge SPAC deal valuing the Company at USD$1.7 billion.

Or how about biometric technology company Clear Secure’s proposed IPO, putting the company at a USD$2 billion valuation?

These deals are igniting a fire in this sector, but are out of reach for most investors to capitalize on.

We’ve found a hidden gem called Liberty Defense Holdings Ltd. (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) and they are stepping up with their groundbreaking concealed threat detection technology.

Can Liberty Defense Be The Next Big Security Defense Company?

Evolv Technology’s growth has a similar story as Liberty Defense starting with a smaller financing in September 2019 to going public in the United States which will give them unicorn status.

Liberty Defense’s disruptive next-generation concealed threat detection technology is a contactless security product called HEXWAVE that uses active 3D imaging to detect threats in real-time.

The HEXWAVE unit can be installed in covert or overt locations to provide early warning of threats.

The units use a form of low-power radar energy that creates rich 3D images (size, shape, depth) in real-time to detect weapons through clothing and hand-held baggage (backpacks, handbags, etc.) and will scan people as they walk through the devices to detect potential threats.

It’s the perfect solution for venues that need  to keep their oot traffic moving without unneeded interruption. Each HEXWAVE unit has the ability to screen people walking at speed, up to 1,000 people per hour with no need to divest of your keys, wallet or phone!2

Liberty Defense (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) is just at the beginning of its growth story.

And because it went public early, retail investors still have the chance to get in on the action before the launch of its products.

As of July 5, 2021, its valuation is still only USD$29 million, with most of its potential still ahead.

Liberty Defense’s true comparable is Evolv Technology who plan to go public next month at a valuation of $1.7 Billion….

Which is why the company could permanently disrupt this explosive market – and become the next security defense tech juggernaut in the process.

7 Reasons Why HEXWAVE Might Be a Game Changer for Threat Detection

  1. Next-Generation Security – HEXWAVE ticks all the boxes for threat detection. Contactless, seamless security for metallic and non-metallic threats with high throughput (1,000+ people/ hour).
  2. Easily adaptable for indoor and outdoor applications, without sacrificing system integrity or throughput.
  3. Real-time precision detection doesn’t slow down lines (1000+ people/hour), eliminating bottlenecks for potentially risky high-volume events.
  4. The explosives and weapons detection market will grow at a CAGR of 20.2% in 2015-2020, a 5-fold hike from the 3.9% CAGR during 2000-2015.3
  5. Constant Evolution — AI and machine/deep learning protocols ensure that each scan is an opportunity for enhancing sensor fidelity and decision hierarchy.
  6. Closed C$6.9m in March 2021,4 an oversubscribed round of C$7.13 million5 in June 2021 and received a USD$1M grant from BIRD Foundation and Department of Homeland Security.6
  7. Mobile, modular, and scalable architecture allows it to integrate with existing security systems.

Liberty Defense (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) has an exclusive global license for the HEXWAVE tech from Massachusetts Institute of Technology (MIT) and a technology transfer agreement for patents related to HEXWAVE’s active 3D radar imaging tech.

HEXWAVE uses Artificial Intelligence (AI) technology to detect metallic AND non-metallic threats including firearms, knives, explosives, and other potential threats.

Liberty Defense has already invested over 3 years and $20M in tech development and testing (that’s on top of 4+ years by MIT) and over 2 years in product development.

In other words, they’ve already done the groundwork to de-risk their tech and prove out its market applications.

Their march toward commercialization is producing a steady stream of market news, like the recent milestone announcement of their AI detection algorithm successfully finding threats on people in motion

Now, Liberty Defense is aggressively moving forward with their Beta Phase, including upcoming field trials with demanding partners like the University of Wisconsin Police Department, Maryland Stadium, Toronto Pearson International Airport and the Port of Tampa Bay.

But HEXWAVE isn’t their only cutting-edge tech that’s producing news.

In June, Liberty Defense (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) licensed shoe scanning technology and a high-definition body scanner from the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL).

The shoe screener is an imaging platform that people step on for about 2 seconds while the technology scans their feet for potential threats.

A low-power electromagnetic energy generates an image of the shoe to detect if a threat is present.8

In April 2021, Liberty Defense signed a license agreement with billion-dollar global R&D giant Battelle Memorial Institute.9

Here’s how the US Department of Homeland Securities summed up the tech involved:10

“Two next-generation checkpoint screening technologies, the R&D 100 award winning Shoe Scanner and the High Definition – Advanced Imaging Technology (HD-AIT) systems, are progressing from functional prototypes to commercial products that can be used in the operational world. Both technologies were funded by the U.S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T) and developed at the Department of Energy (DOE) Pacific Northwest National Laboratory (PNNL). Liberty Defense Holdings Ltd. of Atlanta, Georgia, was granted a license to commercialize both technologies.”

Talk about getting great press coverage.

These cutting-edge technologies could give Liberty Defense (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) the ability to enhance and speed up security screening at airports by 15 to 20% by avoiding the need for people to remove their footwear for scanning.11 Yes, you read that correctly, who doesn’t hate removing their shoes at the airport!

Even Late Night talk show host Jimmy Fallon is talking about Liberty Defense’s innovative show screener technology.

While the tech is currently being transferred to Liberty for testing and evaluation, Liberty Defense is already thinking about market applications beyond airports.

“We see options in various venues for separate scanners or a combined version.”
Bill Fran, Liberty Defense CEO12

In January 2021, Liberty Defense (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) announced they’d received a $1M grant from the Department of Homeland Security and the Israel-US Binational Industrial Research and Development (BIRD) Foundation.13 The grant will be split with their Israeli partner, Levitection.

“The BIRD HLS program gives us the opportunity to bring some of the best U.S. and Israeli technology companies together to address our broad homeland security needs. These strategic partnerships will develop innovative solutions that will enhance safety and security around the globe.”
– William N. Bryan, Department of Homeland Security14

Behind all this progress are Liberty Defense’s experienced executives and advisors with proven depth in security, management, and corporate finance…

…including former L-3 Security & Detection Systems (NYSE:LHX) management that contributed to the sale of L-3’s security division for $1B in 2020.15

Combine that track record of success with multiple disruptive technologies and growing demand for security and threat protection, and Liberty Defense represents a stock investors should watch closely in the near term.

Why HEXWAVE Is Far More Superior Than the Competition

Another major reason for Liberty Defense’s (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) incredible potential to conquer this industry comes from the advantages its HEXWAVE technology has over the competition.

Take Evolv Technology, for example. They use AI tech and sensors to screen people in public spaces to eliminate gaps presented by metal detectors.16

But Evolv’s tech ONLY detects METALLIC objects. Evolv is set to go public this month with a $1.7B valuation and it only picks up metallic objects!!

Liberty Defense’s HEXWAVE tech detects METALLIC and NON-METALLIC threat objects.

That’s a MAJOR competitive advantage since there are non-metal “ghost” firearms, knives, explosives, and other threats out there every day of the year.

But that’s just ONE of the ways HEXWAVE will provide the most versatile threat detection solution.

The chart below from Liberty Defense’s investor deck shows even more advantages, including being more cost-effective than leading competitors.17

That’s what you call a disruptive technology with the kind of edge that can capture the attention of clients and the market.

With their product launch expected around in 2022, investors will be encouraged to see that Liberty Defense’s 3-prong revenue model includes both one-time AND recurring revenue streams:

  • Hardware sales (HEXWAVE units)
  • Maintenance and AI updates
  • Implementation services

Security Sector Heating Up Quickly and Is Attracting Major Investments

President Biden’s April 8th announcement of plans to curb this threat, including tightening restrictions on untraceable “ghost” firearms, is just the beginning of investments in this space.18

The US government is pouring money into security measures.

That includes a $5 billion investment over 8 years in community violence intervention programs19 and the Department of Homeland Security’s (DHS) $20 million in grant funding to help communities develop programs to combat terrorism and targeted violence.20

Then there’s the DHS announcement from February 25, 2021, of over $1.8 billion in critical funding to assist state and local partners in building and sustaining capabilities to prevent, protect against, respond to, and recover from acts of terrorism and other threats.21

Leidos’s major deal with the Transportation Security Administration (TSA) for $470.7 million, to provide security screening equipment services.22

Biometric technology company Clear Secure wants to raise $100 million, putting the company at a $2 billion valuation. The company uses biometric technology to validate identity quickly and help people skip the airport security line.23

According to Homeland Security Research Corp.’s Explosives & Weapons Detection Systems Market, Technologies & Industry Volume 1, the market is growing at a CAGR of 7.2% and is expected to reach US$5B.24

Liberty Defense’s (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) competitor and US crowd-safety firm Evolv Technologies has attracted investors like Bill Gates and VC firm General Catalyst, and is set to go public in a Q3 SPAC deal valuing the Company at $1.7 billion.25  

The Security Sector Is Heating Up Fast

Evolv isn’t the only company in the space being helped by the growing threat of violence in America.

  • Wrap Technologies, Inc. is up 35% over the last 12 months. Their BolaWrap® Remote Restraint is a hand-held device that discharges a Kevlar® tether to temporarily restrain a threatening person from a safe distance.26
  • OSI Systems, Inc. is up 27% over the last 12 months. They design and manufacture electronic systems and components for critical applications in homeland security.27
  • Shotspotter Inc. is up 5% over the last 12 months. Their policing tech solutions include the ShotSpotter Respond™ system for detection, location, and forensics related to firearm discharges.28
  • Leidos Holdings, Inc. is up 3.6% over the last 12 months. They’re an information technology, engineering, and science solutions company with government and commercial customers and revenues of ~$12.3 billion for their 2021 fiscal year.29

But when you stack up those companies, Liberty Defense  (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) seems to represent the greatest upside potential for investor gains, especially with the company being in the final stages before commercialization and their miniscule market cap.

Proven Management & Advisory Team

The Liberty Defense team has the depth of experience and connections across the security and capital markets to commercialize the company’s products and make their mark on the sector.

The team includes former L-3 Security & Detection Systems management that contributed to the sale of L-3’s (NYSE:LHX) security division for $1B in 2020.30

Daryl Rebeck – Executive Chairman

Over 20 years of capital market and senior leadership experience. Co-founder and former president of publicly listed diagnostic company LexaGene. Former SVP of Corporate Finance of TSX/NYSE-listed Auryn Resources and Senior VP and Investment Advisor with global investment banking and financial services company Canaccord Genuity.

Bill Frain – CEO, Director

Former Senior VP for the world’s leading supplier of security inspection systems, L-3 Security & Detection Systems, where he led global sales, business development, and key account management. Former CFO at Vivid Technologies prior to acquisition by PerkinElmer, which led to the eventual sale of the security and detection systems division to L-3 Technologies.

Mike Lanzaro – President & CTO

Over 25 years of management experience leading large high-tech organizations. Former VP of Engineering and Technology at L-3 Security & Detection Systems, where he was responsible for all aspects of technology, R&D, and engineering, and led the development and introduction of industry-leading Transportation Security Administration (TSA) and European-approved aviation security solutions, including the ProVision passenger screener and the CT-based ClearScan for passenger carry-on baggage. He holds 11 issued US Patents.

6 Reasons WhyLiberty Defense (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) Could Be This Year's Breakout Threat Detection Stock

  1. Growing market: The explosives and weapons detection market will grow at a CAGR of 20.2% in 2015-2020, a 5-fold hike from the 3.9% CAGR during 2000-2015.32
  2. HEXWAVE’s multiple competitive advantages: – HEXWAVE ticks all of the boxes for threat detection. Contactless, seamless security for metallic and non-metallic threats with high throughput (1,000+ people/ hour).
  3. Clear pathway to commercialization: $20M invested to date to de-risk tech and prove-out market applications.
  4. License to commercialize 2 additional technologies: Liberty Defense (TSXV:SCAN, OTCQB:LDDFFTSXV:SCAN, OTCQB:LDDFF) granted license to take shoe scanners and High Definition – Advanced Imaging Technology (HD-AIT) systems from functional prototypes to commercial products. Testing is being conducted with Battelle.
  5. Well-funded treasury: Closed C$6.9m in March 2021, an oversold round of C$7.13 million in June 2021 and received a USD$1M grant from BIRD Foundation and Department of Homeland Security.
  6. Established Expertise: Executive and advisors with proven track record in security, management, and corporate finance.
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22Here’s another company that landed a $470m contract –
23Here’s a brand new comp. $100m raise with a $2b valuation –
24Explosives & Weapons Detection Systems Market, Technologies & Industry Volume 1, Homeland Security Research Corp.


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