Tech Firm Updates MOU with Arena Operator

Keeping arena attractions safe is what Vancouver-based Liberty Defense Holdings, Ltd. (TSX-Venture:SCAN) claims to be about. Monday, the tech firm made news with an update on its Memorandum of Understanding ("MOU") Strategy with Vancouver Arena Limited Partnership to beta test Hexwave.

CEO Bill Riker, said, "Liberty's MOU Strategy and potential partners, which includes Vancouver Arena Limited Partnership, will be a key element to the Company's success not only in distinguishing ourselves from other the competition but also providing the Company with valuable feedback in testing Hexwavw in live indoor and outdoor environments."

The Vancouver-based Liberty, according to Monday’s news release, provides security solutions for concealed weapon detection in high volume foot traffic areas and has secured an exclusive license from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3D imaging technology that are packaged into the Hexwavw product.

Shares in Liberty gained four cents, or 4.6%, by noon ET on Monday to 92 cents, on 468,000 shares.