Threat Detection Stock Combating Gun Violence & Terror | Liberty Defense
So far this year, the United States has seen 11 mass murders and 147 mass shooting events. You may have thought due to the pandemic, mass shootings may have reduced, but the numbers tell a different story. The FBI reported that Americans set a new record of 4.7 million background checks to purchase or possess firearms in March (a 36% increase from the previous month). The threat of violence and terror is still at all-time highs. Liberty Defense is a threat detection stock combating this growing problem – at least in large gathering areas.
Liberty Defense Holdings Ltd (CVE:SCAN) (OTCMKTS:LDDFF) provides advanced security solutions for concealed weapons detection in high-volume foot traffic areas.
The company’s flagship product, called the HEXWAVE, is a contactless, seamless screening and threat detection technology that scans crowds in real-time through multiple entry points. It detects threats in the form of traditional and improvised weapons, both metallic and non-metallic. Its machine learning technology determines the hierarchy of threats designed to allow authorities to safely detect and take appropriate action.
This technology is much more sophisticated than plain metal detectors and has similar millimetre wave frequency technology to the body scanners at airports. In fact, Liberty Defense’s CTO was involved in designing the airport scanners when he worked for L3Harris Technologies Inc (NYSE:LHX)
The company recently merged with DrawDown Detection Inc – a gunpowder sensor detection company that commercializes intellectual property for use in the public safety market. During that business combination, the company acquired a new management team with over 25+ years of experience at L3. This leadership profile has given Liberty Defense a new focus, driving the company to be a multi-tech company and growing it into a security and detection system business.
Liberty Defense is expected to be in beta stage testing in the first half of 2022 and will look to commercialize the HEXWAVE in the latter half of 2022.
Watch the full interview for a full overview of how Liberty Defense is looking to thwart violence before it has the ability to take place, the new technologies it is looking to onboard, and its investment opportunity.
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