Mr. Bill Frain reports

LIBERTY DEFENSE ENTERS COMMERCIAL LOSS PREVENTION MARKET WITH MULTI-SITE HEXWAVE AGREEMENT

A provider of third party logistics, warehousing and manufacturing services will deploy two Hexwave systems of Liberty Defense Holdings Ltd. at one of its U.S. facilities in 2026, and is projecting additional systems for a second facility in 2027.

The customer is acquiring the systems under a financing option Liberty offers commercial customers, which lets a buyer bring screening on-line without a capital request. Financial terms were not disclosed. Similar to other Hexwave deployments, the systems are covered by a service and support agreement.

The company handles and manufactures product on behalf of its own customers, which puts customer intellectual property inside its buildings alongside its own inventory. A walk-through metal detector finds metal. Hexwave detects metallic and non-metallic items concealed on a person, including ceramics, plastics and powders, and reports the location by body region so the operator knows where to look.

Screening the same work force every shift is a different problem from screening a crowd once. The Hexwave operator sees a generic body outline rather than a picture of the person being screened, and Hexwave does not store images or capture personal information about the people it screens. In the S-Configuration, people follow the floor arrows through the lane at a walking pace without stopping.

"Loss prevention buys differently than other critical infrastructure applications do," said Bill Frain, chief executive officer of Liberty Defense. "A distribution and manufacturing operation is protecting against something that shows up on the books every quarter, and the customer almost always runs more than one building. We are not only protecting the employees, but we are safeguarding the assets. This customer is a strong fit for Hexwave and represents the kind of commercial market the technology was built to serve."

Hexwave detects metallic and non-metallic threats using millimetre-wave technology and 3-D video-rate imaging, with automatic threat detection powered by artificial intelligence and deep learning algorithms. It also detects contraband and other prohibited items, including liquids, powders, plastics, vapes and phones. Hexwave has been selected for use in aviation, government buildings, laboratories, courthouses, correctional facilities, and a range of public and commercial venues.

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, schools and more. Liberty's Hexwave product, for which the company has secured an exclusive licence from Massachusetts Institute of Technology, as well as a technology transfer agreement for patents related to active 3-D radar imaging technology, provides discrete, modular and scalable protection to provide layered, standoff detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimetre-wave-based, high-definition advanced imaging technology 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.