03:49:55 EDT Fri 04 Jul 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Liberty Defense Holdings Ltd (3)
Symbol SCAN
Shares Issued 51,965,722
Close 2025-04-16 C$ 0.49
Market Cap C$ 25,463,204
Recent Sedar Documents

Liberty Defense hears Trump wants $1-trillion for DoD

2025-04-17 12:16 ET - News Release

Mr. Bryan Cunningham reports

FIRST-EVER PROPOSED US $1 TRILLION DEFENSE BUDGET RECOGNIZES ESCALATING THREATS

Liberty Defense Holdings Ltd. is highlighting the recent announcement of a potential $1-trillion budget to focus on United States national defence spending.

The Trump administration has announced that, for the first time in American history, it will request $1-trillion for U.S. defence and that it "intend[s] to spend every taxpayer dollar wisely." This means two things: (i) the government recognizes the massively increased and varied threat environment it will face in coming decades; and (ii) it follows that the nation's servicemen and women and civilian employees, its facilities and its national secrets will need enhanced protection, including a new generation of personnel screening for metallic and non-metallic threats that is safer, more cost-effective and more convenient.

"This is where Liberty Defense, a U.S.-based manufacturing company, comes in. We are a leader in next-generation security screening technology to detect concealed threats in all verticals. The need for security measures to protect lives in public spaces has never been greater. Armed with licensed technologies from leading security and defence research institutions, Liberty Defense's experienced management team is positioned to bring contactless and mobile security to public and private spaces to solve challenging problems of screening people for firearms, explosives and IEDs [improvised explosive devices]. Liberty's screening solutions make all of us safer and more secure, while also enhancing convenience and quality of life for everyone having to visit airports, government and private-sector facilities, places of worship, and events requiring human screening capabilities -- in short, everyone," said Bryan Cunningham, Liberty's president.

The company has hired Michael Iarrobino. Mr. Iarrobino is a retired U.S. Air Force Master Sergeant, and an accomplished leader with more than 20 years of experience in strategic program management, government contracting, logistics and public-sector operations. Over the course of his distinguished military and civilian career, he has held leadership positions that involved planning and executing complex, multimillion-dollar programs supporting national security, emergency response and defence readiness. Prior to joining Liberty, Mr. Iarrobino was the manager of strategic partnerships at Noble.

"Bringing Michael on board was a strategic hire, especially in light of the potential increase in defence spending budget. Michael's experience will have an immediate impact on the business as we look to scale for the opportunities in aviation worker screening and urban security requirements," said Bill Frain, Liberty's chief executive officer.

About Liberty Defense Holdings Ltd.

Liberty Defense provides multitechnology security solutions for concealed weapons detection in high-volume foot-traffic areas and locations requiring enhanced security, such as airports, stadiums and schools. Liberty's Hexwave product, for which the company has secured an exclusive licence from the Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active three-dimensional radar imaging technology, provides discrete, modular and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Also, Liberty recently licensed the millimetre-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.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.