Significant Need for Threat Detection Technology Creating $7.5 Billion Opportunity

Airports, train and metro stations, borders, sporting and tourist attractions, and other events that attract large crowds are always susceptible to potential violence, including concealed weapon threats. Along the way, growing demand for concealed weapon detection systems, for example, could help create a potential $7.5 billion investment opportunity by 2025. That’s a sizable catalyst for companies such as Liberty Defense Holdings Ltd. (TSXV:SCAN) (OTC:LDDFF), Shotspotter Inc. (NASDAQ:SSTI), Evolv Technologies Holdings Inc. (NASDAQ:EVLV), Wrap Technologies Inc. (NASDAQ:WRAP), and VSBLTY Groupe Technologies Corp. (CSE:VSBY)(OTC:VSBGF).

In addition, according to Future Market Insights, “A huge demand for concealed weapon detection systems is being observed in aviation industry, government sector, and commercial spaces such as educational institutes, banks, and shopping malls as public safety is threatened by anti-social groups. Accurate recognition and detection of concealed contraband and weapons can be done by terahertz body scanners to identify threats that are concealed underneath the clothes of a person or in bags. Remarkable advancements with incorporation of sensors, imaging technology, and actuators has a created lucrative ground for sales of concealed weapon detection systems.”

Look at Liberty Defense Holdings Ltd. (TSXV:SCAN)(OTC:LDDFF) for example.

Liberty Defense Holdings Ltd., a leading concealed weapons and threat detection solutions company, is pleased to announce that it has made new hires in the areas of sales and business development, engineering, and accounting. These key hires will support the success of the beta launch of Liberty’s HEXWAVE product in the coming months as well as product development for the Company’s aviation checkpoint and other security solutions.

The Company welcomes Scott Trosper, a Senior Technical Architect with 30+ years of technical and design experience for market-leading passenger screening technology in the aviation security space. While employed with L3Harris (NYSE : LHX), Scott led the development of the Provision (AIT-1, AIT-2), working with Pacific Northwest National Lab and the Transportation Security Administration (TSA). Scott holds six patents in the areas of millimeter wave and advanced imaging technology. The Provision is currently used in most major airports worldwide for enhanced passenger screening by the TSA at security checkpoints.

Earlier this year, Liberty Defense licensed two next generation checkpoint screening technologies that it has begun working on in anticipation of upgrading existing technology used in airports today. The R&D 100 award winning Shoe Scanner and the High Definition - Advanced Imaging Technology (HD-AIT) body scanner. Both technologies were funded by the U.S. Department of Homeland Security Science and Technology Directorate and developed at the Department of Energy Pacific Northwest National Laboratory, led by the TSA’s passenger screening requirements.

The Company has also hired veteran business development and sales leader Ian McNaughton, who was responsible for sales development for multi-billion-dollar market leading security detection companies Leidos (NYSE: LDOS) and L3Harris (NYSE: LHX) with a focus on government, critical infrastructure, and public safety verticals in North America.

The Company is also pleased to announce that it has hired Amanda Rosbicki as Controller, based in the new Wilmington, MA headquarters.

"Hiring for these key functions allows Liberty to execute our immediate plans in ramping up our HEXWAVE beta program, while also building out our technologies that are licensed for aviation checkpoint security and planning for future sales and profitability," said Bill Frain, CEO of Liberty Defense.

“We are thrilled to welcome these new hires to the company, who bring broad expertise and knowledge from industry-leading companies,” added Frain. “We are extremely gratified that they have chosen to embark on the next phase of their high-level careers with Liberty, to grow our next generation security technology portfolio.”

In addition, the Company has created product explainer videos to describe its technology offerings. The HEXWAVE overview video and aviation checkpoint security video can be viewed here:

Other related developments from around the markets include:

Shotspotter Inc., a leader in precision policing technology solutions that enable law enforcement to more effectively respond to, investigate and deter crime, will hold a conference call on Tuesday, August 10, 2021 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2021. Financial results will be issued in a press release prior to the call.

Evolv Technologies Holdings Inc., the global leader in weapons detection security screening, announced that it will release financial results for the second quarter ended June 30, 2021 on Monday, August 16, 2021, after the market closes. Members of the Company’s management team plan to host a live conference call and webcast at 4:30 p.m. Eastern Time on that day to discuss the financial results as well as management’s outlook for the business.

Wrap Technologies Inc., a global leader in innovative public safety technologies and services, published its initial Environment, Social and Governance (ESG) letter to stakeholders. The letter outlines the WRAP’s commitment and initiatives across a diverse range of topics that the Company is currently tracking in its ESG program, including diversity across WRAP’s board, executive management, and employees, as well as goals and objectives for future reports. “I am excited about WRAP’s commitment to ESG and our desire to incorporate it into everything we do,” said WRAP President and CEO Tom Smith. “WRAP’s core mission and purpose have been to drive public safety towards progress and facilitate better policing outcomes by developing creative solutions to complex issues through forward-thinking, empathy and innovation. This letter provides a comprehensive overview of our ESG accomplishments over the past year. In addition, it outlines our long-term commitment to uphold our core values and ensure that our operations reflect a thoughtful and meaningful impact in the communities we serve.”

VSBLTY Groupe Technologies Corp., a leading software provider of security and retail analytics technology, announced that it has entered into a license agreement with RADAR USA, Inc. to develop a security product offering and associated services for sale in the United States and Canada. RADAR USA was formed in 2021 as a collaboration between VSBLTY and RADAR APP in Mexico, where the security network deployment has reached 10,000 cameras. Jay Hutton, VSBLTY founder & CEO, said, “The licensing agreement with RADAR USA is a major step toward bringing effective and affordable security technology into U.S. and Canadian neighborhoods and making them safer. The collaborative security technology will allow private citizens and public safety entities to gain an improved view of their environments and better allocate resources.”

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Liberty Defense Holdings Ltd. has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of Liberty Defense Holdings Ltd. Please click here for full disclaimer.

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