Phoenix, Arizona--(Newsfile Corp. - October 14, 2021) - The Stock Day Podcast welcomed Liberty Defense Holdings Ltd. (TSXV: SCAN) (OTCQB: LDDFF) (FSE: LD2) ("the Company"), a company that provides multi-technology security solutions for concealed weapons detection in high volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools, and more. Senior Vice President of Capital Markets, Jay Adelaar, joined Stock Day host, Everett Jolly.
Jolly began the interview by asking about the Company's background and current projects. "At Liberty Defense, we started trading in March of this year and raised $6.9 million and then did a follow-up financing and raised another $7.1 million. So, we are very nicely capitalized at this point," shared Adelaar. "Liberty Defense is a security detection technology company," he added. "We have three products; HEXWAVE being our flagship, as well as two other technologies we are developing."
"Could you expand on the three technologies you guys are trying to bring to a commercial platform?" asked Jolly. "The first one is HEXWAVE," said Adelaar. "We originally licensed this from MIT Lincoln Labs in Boston," he explained. "It is a walk through portal that scans people at speed," said Adelaar. "What it is looking for is anomalies on the body - metallic and also non-metallic," he said. "We have been working on this for some time now and we're in that exciting phase where we are going to start beta testing here in Q1 and then follow-up with commercialization in Q4 of 2022."
"Our share structure right now is just under 64 million shares outstanding and the share price is around 36 cents per share," said Adelaar. "We are bringing on a lot of talent over that is leaving these multi-billion dollar companies and I think you'll see that continue to happen as we continue to develop this technology."
Jolly then asked about the significance of the Company's team members from L-3 Security & Detection Systems. "Bill Frain is the CEO of our company who spent almost 20 years with L-3," said Adelaar, noting that L-3 Harris is a $30 billion publicly listed company. "Frain also brought over our President Michael Lanzaro, who has been a VP of Engineering for 15+ years from L-3 as well."
"What are you expecting in the next three to four quarters in terms of how you are going to grow this?" asked Jolly. "It starts with engineering, development, beta, and getting the feedback from the beta customers," said Adelaar. "That sort of all comes down to commercialization at the end of Q4 of 2022," he added. "We will be working on the above and advancing with the best and brightest people we have available."
To close the interview, Adelaar elaborated on the potential of the Company, noting their experienced management team, tight share structure, and advanced technology, paired with their low market cap.
To hear Jay Adelaar's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7960328-liberty-defense-holdings-ltd-discusses-hexwave-beta-testing-and-commercialization-with-the-stock
Investors Hangout is a proud sponsor of "Stock Day" and Stock Day Media encourages listeners to visit the Company's message board at https://investorshangout.com/.
About Liberty Defense
Liberty Defense (TSXV: SCAN) (OTCQB: LDDFF) (FSE: LD2) provides multi-technology 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 license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimeter 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.
FORWARD-LOOKING STATEMENTS
When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause Liberty's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).
Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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