Liberty Defense Announces Distribution Agreement and Partnership with GRASP Innovations, Netherlands

WILMINGTON, Mass., July 13, 2023 /PRNewswire/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that it has partnered with GRASP Innovations to expand the Company's presence in Europe. GRASP will be a distributor of HEXWAVE™ for urban security markets, including critical infrastructure, checkpoints for correctional facilities, borders and customs, military police, as well as stadiums and rail applications. Liberty Defense and GRASP have also agreed to work together to utilize the HEXWAVE and GRASP's cutting-edge digital technology to develop a touchless, autonomous checkpoint screening solution.

GRASP Innovations is an Amsterdam-based solutions provider specialized in optimizing and automating processes in the aviation and security industry. Their goal is to optimize the use of resources and infrastructure in any given situation, enabling professionals to take immediate action, if necessary, to get control and solve problems before they arise. GRASPs solutions include data management and automation solutions for security checkpoints and access control automation, utilizing unique sensor technology. Their experts identify new growth opportunities for smart cities, corporations, and airports by using data, analytics, and artificial intelligence.

"The team at GRASP has over 10 years' experience deploying innovative and state of the art screening technologies for security checkpoints," said Bill Frain, CEO of Liberty Defense. "CEO Robert Schuur is an ambitious thought leader and driver for innovation. We share Robert's vision for next generation security applications, providing a comprehensive security screening solution using HEXWAVE for effective and efficient detection and ease of use."

HEXWAVE technology uses millimeter wave, advanced 3D imaging, and AI to detect concealed metallic and non-metallic weapons such as liquid, plastic, and powder explosives, 3D printed guns, and other prohibited items – without having to divest common items like cell phones or keys.

"I am very excited to be working with the Liberty team as they look to bring their next generation HEXWAVE to the European market," said Robert Schuur. "This partnership provides the customer unparalleled access to our experience in the security industry, and with Liberty's expanded product portfolio and experienced team, together we will be able to provide curb-to-gate screening for the urban security industry."

For updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.

On Behalf of Liberty Defense
Bill Frain
CEO & Director

Liberty Defense (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2A) 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. Learn more: LibertyDefense.com

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.

SOURCE Liberty Defense Holdings Ltd.