WILMINGTON, Mass., Aug. 22, 2025 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, FSE:E30), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, announces that it has entered into a marketing agreement dated August 15, 2025, with Gold Standard Media, LLC (“GSM”) and its affiliates to raise general awareness of the Company among investors. The agreement remains subject to acceptance of the TSX ...

Core Viewpoint - Liberty Defense Holdings Ltd. has successfully closed a non-brokered private placement, raising gross proceeds of C$4.4 million through the issuance of 20 million units at C$0.22 per unit, which will support the deployment of its HEXWAVE technology and the rollout of its HD-AIT system later this year [1][3]. Group 1: Offering Details - The private placement consists of 20 million units, each comprising one common share and one common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at an exercise price of C$0.35, valid from September 27, 2025, until July 28, 2026 [2]. Group 2: Financial Implications - The offering generated gross proceeds of C$4.4 million, indicating strong investor demand and confidence in the company's vision and progress [1][3]. - A cash commission of C$158,393.99 was paid to finders, along with the issuance of 719,973 non-transferrable warrants [4]. Group 3: Company Overview - Liberty Defense Holdings Ltd. specializes in AI-based detection solutions for concealed weapons, targeting high-traffic areas requiring enhanced security, such as airports and schools [6]. - The company has secured an exclusive license for its HEXWAVE product from the Massachusetts Institute of Technology (MIT) and has also licensed millimeter wave-based HD-AIT technologies [6].

Core Viewpoint - Liberty Defense Holdings Ltd. is increasing its non-brokered equity financing to raise a maximum of C$4.4 million by offering 20 million units at C$0.22 per unit [1][3]. Financing Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of C$0.35 [2]. - The offering is conducted under the Listed Issuer Financing Exemption, allowing for immediate resale of the units without a hold period [3]. - The company may pay a finder's fee of up to 6.0% of the gross proceeds and issue non-transferable warrants equal to 6.0% of the units issued [4]. Use of Proceeds - Proceeds from the offering will be allocated for purchasing inventory for HEXWAVE technology production, investor relations, marketing initiatives, operating expenses, and general working capital [5]. Closing Timeline - The offering is scheduled to close on or about July 22, 2025, subject to receiving a minimum of C$2,500,000 in subscriptions and necessary approvals [6]. Company Overview - Liberty provides advanced security solutions for concealed weapons detection in high-traffic areas, with products like HEXWAVE and other imaging technologies licensed from MIT [8][9].

Core Insights - Liberty Defense Holdings Ltd. has launched its HEXWAVE system at Palm Springs International Airport to meet new TSA employee screening requirements and enhance aviation security [1][2][3] Group 1: TSA Mandate and Implementation - The TSA mandate (TSA-NA-32-02), introduced in 2023, requires U.S. airports to implement employee screening procedures capable of detecting explosive threats by April 2026 [2] - Palm Springs International Airport selected Liberty's HEXWAVE system in January 2025 to comply with this federal security directive [2] Group 2: Technology and Features - HEXWAVE utilizes proprietary AI and 3D-radar imaging to detect concealed metallic and non-metallic threats, including various types of explosives and non-traditional weapons [3][4] - The system offers fast, contactless, high-throughput screening through a walkthrough portal, minimizing disruption while maximizing security [3] Group 3: Strategic Importance and Future Outlook - The deployment of HEXWAVE at PSP represents a significant milestone for Liberty as demand for AI-driven security solutions increases [3] - The partnership aims to set a new benchmark for employee and passenger security, operational effectiveness, and convenience [4] - Liberty Defense is committed to modernizing screening processes across various sectors, including airports and public gathering spaces, to address evolving security threats [5][8]

Core Viewpoint - Liberty Defense Holdings Ltd. is initiating a non-brokered private placement to raise between approximately C$2,500,000 and C$3,750,000 through the issuance of units priced at C$0.22 each [1][3]. Group 1: Offering Details - The offering consists of a minimum of 11,363,636 units and a maximum of 17,045,454 units, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase one common share at an exercise price of C$0.35, valid for 12 months post-closing [2]. - The offering is conducted under the LIFE Exemption, allowing for immediate resale of the units without a hold period [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for purchasing inventory to enhance the production of HEXWAVE technology units, investor relations, marketing initiatives, operating expenses, and general working capital [5]. Group 3: Closing and Conditions - The offering is expected to close around July 22, 2025, contingent upon receiving subscriptions for at least C$2,500,000 and necessary approvals [6]. Group 4: Company Overview - Liberty Defense Holdings Ltd. specializes in AI-based detection solutions for concealed weapons, with products designed for high-traffic areas requiring enhanced security [10]. - The company has secured exclusive licensing for its HEXWAVE product from MIT, which utilizes advanced 3D radar imaging technology [10].

Core Insights - Liberty Defense Holdings Ltd. has established a new Strategic Advisory Board to enhance its focus on scaling AI-based detection solutions for concealed weapons and threats [1] - The board includes Thomas Monheim, a former Inspector General for the US Intelligence Community, who brings over three decades of experience in national security [2][4] - The company aims to improve security detection in various high-traffic areas, including airports, schools, and public venues, leveraging advanced technologies [5] Company Overview - Liberty Defense specializes in multi-technology security solutions for concealed weapons detection, particularly in high-volume foot traffic areas [5] - The company has secured an exclusive license for its HEXWAVE product from the Massachusetts Institute of Technology (MIT), which utilizes active 3D radar imaging technology [5] - Liberty has also licensed millimeter wave-based High-Definition Advanced Imaging Technology (HD-AIT) body scanners and shoe scanners to enhance its technology portfolio [5] Leadership and Expertise - Thomas Monheim has held significant roles in various government agencies, including the National Geospatial-Intelligence Agency and the Department of Justice, and has received multiple distinguished service awards [2][4] - His appointment is expected to provide strategic vision and leadership to Liberty Defense as it seeks to enhance security measures [4]

Core Insights - Liberty Defense Holdings Ltd. has successfully demonstrated its HEXWAVE system for detecting concealed metallic and non-metallic threats with minimal false alarms, targeting courthouses and correctional facilities [1][3]. Technology Overview - HEXWAVE employs millimeter wave technology, advanced 3D imaging, and AI to identify concealed threats, including liquid, powder, and plastic explosives, as well as 3D-printed firearms and other contraband [2]. - The system is designed for rapid, automated screening through a contactless, high-throughput walkthrough portal [2]. Testing and Validation - The testing was conducted over three days at a major U.S. courthouse, showcasing HEXWAVE's ability to detect a wide range of concealed threats, including ceramic knives, detonators, tasers disguised as cell phones, and various explosives [3]. - The testing was overseen by Fitzgerald Technology Group, which praised HEXWAVE's capabilities in addressing evolving security threats [3]. Company Background - Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas, including airports, stadiums, and schools [4]. - The company has secured an exclusive license from the Massachusetts Institute of Technology (MIT) for its HEXWAVE product and has also licensed additional millimeter wave-based technologies [4].

Core Insights - Liberty Defense Holdings Ltd. has been selected by another US International Airport to implement its HEXWAVE system for screening aviation workers as part of the TSA's new mandate on employee screening [1][5] - The TSA mandate requires all major U.S. airports to adopt physical screening procedures for employees by April 2026, ensuring 100% screening compliance [2] - HEXWAVE utilizes advanced technology, including millimeter wave and AI, to detect a wide range of concealed threats, enhancing airport security [4][5] Company Overview - Liberty Defense is a technology provider specializing in AI-based detection solutions for concealed weapons and threats, particularly in high-traffic areas like airports [1][6] - The HEXWAVE system is designed for rapid, automated screening and can detect various prohibited items, including explosives and 3D printed weapons [4][6] - The company has secured exclusive licenses for its technology from the Massachusetts Institute of Technology (MIT), enhancing its capabilities in the security screening market [6]

Core Viewpoint - Liberty Defense Holdings Ltd. intends to initiate a normal course issuer bid (NCIB) to repurchase its common shares, which has been approved by its board of directors and conditionally by the TSX Venture Exchange [1][2]. Group 1: NCIB Details - The company plans to buy up to 5,142,844 shares, representing approximately 10% of its public float, which consists of shares held by non-insiders [2]. - As of May 30, 2025, there are 51,976,722 issued and outstanding shares, with 548,281 shares held by insiders [2]. - The NCIB will commence on June 5, 2025, and will remain open until June 4, 2026, or until completed or terminated by the company [2]. Group 2: Purchase Mechanism - Shares will be purchased at market price plus brokerage fees, and all transactions will occur on the open market through the TSXV [3]. - The company may not acquire more than 2% of its issued and outstanding shares in any 30-day period [2]. Group 3: Rationale for NCIB - The board believes that the market price of the shares may not fully reflect the underlying value of the business, making share repurchase an appropriate use of corporate funds [4]. - Research Capital Corporation has been engaged as the broker to facilitate the share purchases under the NCIB [4]. Group 4: Company Overview - Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas such as airports and schools [6]. - The company’s HEXWAVE product, licensed from MIT, offers modular and scalable protection for detecting both metallic and non-metallic weapons [6]. - Liberty has also licensed advanced imaging technologies, including millimeter wave-based body scanners [6].

Company Overview - Liberty Defense Holdings Ltd. is a technology provider specializing in AI-based detection solutions for concealed weapons and threats [1][4] - The company has developed the HEXWAVE product, which offers modular and scalable protection for high-traffic areas such as airports and stadiums [4] Upcoming Events - CEO Bill Frain will participate in the Lytham Partners Investor Conference on May 29, 2025, and will hold one-on-one meetings with institutional investors [1][2] - A live webcast of the presentation will be available at 4:15 PM ET on the same day [2] Technology Demonstration - Liberty Defense will showcase its HEXWAVE scanning technology at the American Association of Airport Executives (AAAE) event from June 8-10, 2025, in Atlanta, GA [2] - The HEXWAVE technology is already deployed at several U.S. airports and meets the upcoming TSA regulatory requirements for employee screening by April 2026 [2] Marketing Campaign - The company has engaged Native Ads for a marketing campaign with a total retainer of up to CA$200,000, focusing on digital media advertising [2] - The campaign budget allocation includes 75% for costs per click and media buying, and 25% for content creation and optimization [2]