Threat Detection Could Become a $68.36 Billion Industry by 2024

With a higher threat of violence all over the world, companies like Liberty Defense Holdings Ltd. (TSXV:SCAN)(OTC:LDDFF), L3Harris Technologies Inc. (NYSE:LHX), Leidos Holdings Inc. (NYSE:LDOS), Axon Enterprise Inc. (NASDAQ:AXON), and Shotspotter Inc. (NASDAQ:SSTI) are racing to revolutionize security systems. This is especially important nowadays as the government cracks down on “ghost guns,” or weapons that can be produced without serial numbers and other identifiers. “Ghost guns” can be produced in various ways, including “gun kits” and 3D printing. These weapons are also usually not metallic, making them very difficult to track and pick up by security. With the current administration ordering the Justice Department to limit ghost gun proliferation within 30 days, the need to track and trace these guns is has reached a fever pitch of importance.

That’s where a company like Liberty Defense Holdings Ltd. (TSXV:SCAN)(OTC:LDDFF) can help

Liberty Defense Holdings Ltd., a leading concealed weapons detection company, is pleased to announce that it has signed a license agreement with Battelle Memorial Institute (“Battelle”) to develop next-generation checkpoint screening solutions.

Liberty has licensed the millimeter wave-based, High Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its ongoing relationship with Battelle. HD-AIT will enhance security screening at airports today by providing a next-generation technology platform for threat detection. The HD-AIT technology received early-stage funding from the Department of Homeland Security (DHS), while the shoe screener received an R&D Magazine 100 award in 2020 and is currently in testing and evaluation.

Both the body and shoe scanner technologies were developed by researchers at the Pacific Northwest National Laboratory (PNNL), one of eight U.S. Department of Energy national laboratories managed by Battelle.

“The aviation security market needs new technologies that can address emerging threats while also offering efficient passenger throughput. We will continue the development of HD-AIT by leveraging the experience of our multi-disciplined engineering team as we see many parallels to the development of our HEXWAVE platform, a contactless security solution for concealed weapons detection in high-volume foot traffic areas,” said Liberty CEO Bill Frain.
This licensing agreement will enhance Liberty’s growing portfolio of security solutions, addressing the need for advanced technology at aviation checkpoints as well as for other commercial applications.

“The Liberty Defense team provides the leadership, engineering skills, and experience in the security industry that we seek to bring technologies to the defense of our nation. We look forward to teaming with Liberty to advance the development of these important platforms,” said PNNL’s Commercialization Manager Kannan Krishnaswami.

“Liberty is committed to protecting communities and preserving peace of mind through next-generation security solutions. The Battelle solutions are an ideal complement to our current technologies. We look forward to working closely with their team to deploy these solutions,” added Frain.

Battelle is a global research and development organization committed to science and technology for the greater good, serving the national security, health and life sciences, and energy and environmental industries. Headquartered in Columbus, Ohio, Battelle oversees 22,000 employees in more than 130 locations worldwide, including eight national laboratories for which Battelle has a significant management role on behalf of the U.S. Department of Energy, the U.S. Department of Homeland Security, and the United Kingdom. With approximately $6 billion in annual revenues, Battelle has been a source of mission-ready solutions for decades that protect people, secure the homeland, and save lives.

Other related developments from around the markets include:

L3Harris Technologies Inc. has been named among FORTUNE’s 100 Best Companies to Work For in 2021. This represents L3Harris’ second FORTUNE recognition this year. The company was named among FORTUNE’s 2021 World’s Most Admired Companies in February. “L3Harris’ success is driven by our 48,000 dedicated employees who are committed to excellence and delivering mission-critical solutions to customers around the globe,” said William M. Brown, Chair and Chief Executive Officer. “We strive to establish an inclusive, high-performance culture that supports their efforts with a positive work environment and exciting career opportunities where they can help create a safer and more secure world.”

Leidos Holdings Inc., a FORTUNE 500 science and technology leader, announced that it has completed delivery of a cutting-edge autonomous vessel to the U.S. Navy, known as Seahawk. The Office of Naval Research awarded Leidos the cost-plus-fixed fee contract to build the vessel, with an approximate value of $35.5 million, in December 2017. Work was principally performed on the Mississippi Gulf Coast. "As technology continues to accelerate and adversaries become more sophisticated, our customers must constantly evolve," said retired Rear Adm. Nevin Carr, Leidos Vice President and Navy strategic account executive. "We are honored to provide this latest technological advancement to America's sailors who fight to keep the seas open and free."

Axon Enterprise Inc. the global leader in connected public safety technologies, and Skydio, the leading U.S. drone manufacturer and world leader in autonomous flight, announced a strategic partnership to offer Skydio's world leading autonomous drones to law enforcement and emergency responders via Axon's unmanned aircraft program, Axon Air. As a Skydio Elite Partner, Axon will be the exclusive reseller and digital evidence management partner of Skydio's products to public safety globally. In addition, the two companies are working on a joint product roadmap that, in the coming months, will lead to the seamless integration between Skydio drones and Axon AirAxon Evidence, and Axon Respond.

Shotspotter Inc., a leader in precision policing technology solutions that enable law enforcement to more effectively respond to, investigate and deter crime, launched its ShotSpotter SiteSecure for Retail program to provide outdoor gunfire detection for retail chains and malls. ShotSpotter SiteSecure is a gunfire detection solution that alerts retail security personnel within seconds of a shooting incident around their stores and parking lots, protecting retail shoppers and associates by enabling faster response by security, law enforcement and medical personnel. Fatalities and violent incidents in retail spiked to an all-time high in 2020, increasing 40 percent since 2016, according to the latest D&D Daily retail crime report. The findings revealed that 88% of the fatalities were from gunfire and that parking lots experienced the highest retail violence, followed closely by stores and malls.

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