In This Dangerous World, Threat Detection Could Become a $68.36 Billion Industry by 2024⁽¹⁾

For Liberty Defense Holdings Ltd. (TSXV: SCAN) Transforming This Industry Isn’t Just Business- It’s Personal

With Skyrocketing Demand and Revolutionary Tech, Watch Out 

Yeah, I know you’ve seen the news lately. We have a health scare affecting our lives, and everything somehow involves politics nowadays.

Wake up.

We’ve primarily forgotten about other ills of society because of all these other things cluttering our minds. Severe societal problems have dramatically worsened, and you probably don’t even realize it.

Are you aware of the threat that domestic terrorism poses right now? Did you know that in 2020 there were roughly 39 million gun background checks in the U.S., coupled with a 40+% year-over-year increase of mass shootings?⁽³⁾

Heck, in the few weeks since the Atlanta spa attacks left 8 souls dead, there have been at least 20 mass shootings.⁽²⁾ 20!

When someone says domestic terrorism, they’ll probably point to January 6. But, what is happening right now is so much more alarming than just one event.

Everyone thinks they’re an expert on gun control and has an opinion. You hear people debating and politicians bickering about “gun control this” and “gun control that,” and sending empty “thoughts and prayers” whenever something catastrophic happens.

Let’s not beat around the bush. Nobody’s getting anything done.

For companies like Liberty Defense Holdings Ltd. (TSXV: SCAN) this isn’t just tragic. It’s personal.

There are many companies out there trying to revolutionize security systems, but Liberty Defense Holdings is different.

Their mission, of course, is noble- To protect communities and preserve peace of mind through superior security detection solutions.

But, two primary things set them apart- their leadership and their one-of-a-kind technology.

The company is first and foremost led by CEO Bill Frain- a security savant. For Bill, security and threat detection are intimate. It runs in his family as his brother is actually the Director of Security for the Cleveland Browns (Source 5).  Bill has been on the frontlines of threat detection since 9-11. In fact, Bill was pounding the pavement so hard, selling threat detectors to airports after that catastrophe, that for nearly 2 years, he didn’t see his family.

While this is a personal anecdote, and there is no actual footnote to source this, there may be an even more potent source to confirm this- his wife.

Other industry experts and geniuses are leading this team- and we will cover them. That said, the other x-factor for this company is their HexWave technology. It’s nothing short of breathtaking, and looks potentially revolutionary.⁽³⁾

HexWave is a perfect, contactless, seamless screening and threat detection system for this health-conscious world we live in today. Its cost-effectiveness, detection skills, versatility, and integration with cutting-edge technologies, have also caught the eyes and ears of some of the largest sports franchises in the world, along with stadium authorities, airports, and more.⁽³⁾

Not to mention, the Department of Homeland Security has also awarded the company with a grant.⁽¹⁸⁾

Rather than putting their heads in the sand and brush over the dangers of society, Liberty Defense Holdings Ltd. (TSXV: SCAN) is actually doing something. The sky is truly the limit for this company to change threat detection and security as we know it. Liberty Defense could disrupt a global threat detection market that may become a $68.36 Billion business by 2024 (Source 1), and an urban security market, currently valued at about $5B, that could see a forecasted CAGR of roughly 7.2%.⁽³⁾

Things Already Look Bullish In the Short Time Liberty Defense Holdings Ltd. (TSXV: SCAN) Has Traded

Liberty Defense Holdings Ltd. (TSXV: SCAN) has only been publicly trading for a couple of weeks. But already, it looks bullish. Between the end of March to April 5 alone, the stock ran about 18.5%.

Plus, when you consider that the company has a small market cap of about C$27M, the ground floor and enormous pop potential becomes too enticing to ignore (Source 4)

Because the company went public literally weeks ago, an excellent way to assess its valuation and potential is to look at Evolv Technology. 

Evolv is a leading provider of AI touchless security screening systems and has big wigs such as Bill Gates and Jeb Bush backing it.⁽⁶⁾ On March 7, Evolv announced its intention to go public through an approximately $1.7 billion merger with SPAC NewHold Investment Corp.⁽⁶⁾

With Liberty’s leadership and its one-of-a-kind HexWave technology differentiating itself from any other competitor in the market, Liberty may have that same type of $1.7 billion potential- and more.

It’s simple. Evolv’s threat detection system is essentially a high throughput glorified metal detector. Unlike HexWave, it only picks up metallic objects while HexWave picks up all anomalies, metallic and non-metallic threats.⁽³⁾

If SPACs are paying $1.7 billion to detect only metal, just imagine the possibilities.

Who is Liberty Defense Holdings Ltd. (TSXV: SCAN)?

Liberty Defense is a security defense tech company led by seasoned security experts utilizing a disruptive revolutionary technology called HexWave.

Under an exclusive global license from the Massachusetts Institute of Technology (MIT), HexWave is a walk-through portal that can detect metallic and non-metallic anomalies.⁽³⁾

HexWave was developed over 6+ years with $20M dedicated towards research system development and testing. For 4+ years, it was researched and tested by MIT Lincoln Lab. For 2+ years, the actual technology was developed and commercialized.⁽³⁾

Nowadays, Liberty’s HexWave is a full-blown disruptive technology that uses better data to have better detection.⁽³⁾

This is a multifaceted, new-era threat detection system tailor made to today’s world.

How?

HexWave may very well be the only technology of its kind in the world today. 

First and foremost, it can detect both metallic and non-metallic weapons. This includes the very worrisome growth of 3D-printed guns and plastic guns. With the rise in domestic terrorism we’ve seen, this is a massive deal for the company, and one of their core objectives to stop.

Most importantly, HexWave’s detection ability could create a growing opening for the company. California, New Jersey, and New York have already enacted legislation cracking down on 3D guns⁽⁷⁾, and more could follow.

The technology can also differentiate between threatening and non-threatening devices. Your days of taking off your belt or digging through your pockets to take out your iPhone just to go through a metal detector could be numbered.

Furthermore, HexWave can detect in real-time (< 0.2 sec), uses active 3D imaging, uses AI & Deep learning, visual & audible alerts, and has no privacy concerns.⁽³⁾

Not to mention, HexWave utilizes smart IoT technology, can be easily integrated with surveillance and access control, and has full network connectivity, sharable analytics, and over-the-air software and AI updates.⁽³⁾

HexWave’s operations may also make security as efficient as it’s ever been.⁽³⁾

• High throughput (> 1,000 people per hour)
• Real-time operation reduces long lines
• Contactless – Balances security/patron experience
• Indoor and outdoor applications
• Unaffected by proximity to metal, temp., etc.
• Overt and covert applications

Additionally, Liberty has an exclusive global license for the technology (patent expiration in 12/17/2035)⁽³⁾. The tech’s field of use includes Sports, Entertainment, Conference Centers, Theme parks, Shopping Malls, Places, Schools, and more.⁽³⁾

Through MIT, Liberty Defense has already filed for numerous international patents, with already a grant in the U.S. and several other patents pending or published.⁽³⁾

Some of the Largest Names in Sports, Travel, and More are Beta Testing HexWave 

Some of the most lucrative and exciting industries in the world today, especially those preparing for a furious and powerful reopening, are running to Liberty Defense Holdings in droves to beta test the HexWave technology- and for a good reason.⁽³⁾

Cruise Industry
Liberty Defense partnered with Port Tampa Bay as a beta tester. Port Tampa Bay is Florida’s largest port and a top 10 U.S. cruise port, supporting nearly 85,000 jobs and generating roughly $18 billion in annual economic impact.⁽³⁾ The Tampa Bay/Orlando I-4 Corridor region is also the fastest-growing region in Florida and home to more than eight million residents and welcoming over 60 million visitors per year.⁽⁸⁾

Airports
Liberty Defense signed a collaboration agreement with the Greater Toronto Airports Authority (“GTAA”). Under this agreement, Toronto Pearson will be the first airport to partner with Liberty to test HexWave⁽⁹⁾

This isn’t just some tiny regional airport, though. Toronto Pearson is the largest airport in Canada and welcomed roughly 49.5 million passengers in 2018 alone.⁽⁹⁾

Convention Centers and Stadiums
Liberty Defense also partnered with Metro Toronto Convention Centre (“MTCC”) and Maryland Stadium Authority.⁽³⁾

MTCC is a convention complex located in downtown Toronto, Canada. It is one of the largest Canadian convention centers with over 65,000m2 (700,000 SF) of space, including the 1,232-seat John Bassett Theatre. The facility also connects to the 586-room InterContinental Toronto Centre hotel, the Union Station railway, the SkyWalk, and the underground PATH system.⁽¹⁰⁾

The Maryland Stadium Authority owns and manages M&T Bank Stadium, where the NFL’s Baltimore Ravens play, and Camden Yards, where the MLB’s Baltimore Orioles play. ⁽¹¹⁾ M&T Bank Stadium seats roughly 72,000 people, and Camden Yards holds approximately 45,000 people.⁽¹¹⁾

Bayern Munich
Liberty Defense signed a Memorandum of Understanding with legendary German soccer club Bayern Munich.⁽¹²⁾

This is Liberty Defense’s first foray into Europe and is nothing short of an earthquake of a deal.

For all you North Americans who only care about the Big 4 sports, let me break down why this deal is so massive. Bayern is the most successful soccer club in German history (Source 13). They’ve won a record 30 league titles, including the last eight in a row since 2013.⁽¹⁴⁾

Not to mention, Bayern Munich won the UEFA Champions League just last year.⁽¹⁵⁾

Plus, Bayern Munich is the fourth most valuable soccer club globally, just behind Real Madrid, FC Barcelona, and Manchester United, with a valuation of just about $3.02 billion. ⁽¹⁶⁾

Allianz Arena, Bayern Munich’s stadium, also has an approximately 75,000-seating capacity and is the second-largest arena in Germany.⁽¹²⁾

Oliver Meßthaler, head of security at Bayern Munich, said, “We look forward to working with Liberty Defense to assess the capabilities of the HexWave product.”⁽¹²⁾

Houses of Worship
A prominent Hindu organization became the first religious platform to sign on with Liberty Defense. The organization that Liberty signed on with has around 3,300 temples worldwide, and several located throughout North America.⁽¹⁷⁾

The Department of Homeland Security Also Awarded Liberty Defense Holdings Ltd. (TSXV: SCAN) With a Prestigious Grant

In January 2021, the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation, a joint initiative funded by the U.S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T) and the Israel Ministry of Public Security (MOPS), awarded Liberty Defense roughly $1.5 million to develop advanced homeland security technologies.⁽¹⁸⁾

Under this grant, Liberty Defense plans to partner with Israel-based Levitection to develop a detection solution based on electromagnetic imaging and artificial intelligence to detect threats and concealed items in wide-open areas.⁽¹⁸⁾

An honor of this stature is unheard of for a microcap company.

Liberty Defense Holdings Ltd.’s (TSXV: SCAN) Leadership May Be its Greatest Asset

The technology is revolutionary, the buzz is palpable, and the company is on the radar screen of some legitimate heavy hitters.

However, a company is only as strong as its leadership. This aspect of Liberty Defense may be the most exciting of all.

The company is led by a seasoned leadership team in the security industry, product development, management, and corporate finance. It is also supported by a Board of Directors and advisors that provide unparalleled market access.

Bill Frain
CEO/Director  
Bill was the former Senior Vice President for L-3 Security & Detection Systems, the world’s leading supplier of security inspection systems. In this role, Bill led global sales, business development, and key account management. Prior, Bill was the CFO at Vivid Technologies before its acquisition by PerkinElmer, which led to the eventual sale of the security and detection systems division to L-3 Technologies.

Mike Lanzaro
CTO (Soon to be promoted to President)
Mike was the former Vice President of Engineering and Technology at L-3 Security & Detection Systems, the world’s leading supplier of security inspection systems. During his 15+ years at L-3, he was responsible for all aspects of technology, R&D, and engineering, leading the development and introduction of several industry-leading TSA and European-approved aviation security solutions, including the ProVision passenger screener and the CT-based ClearScan for passenger carry-on baggage. Before L-3, Mike was Vice President of Mobile Computing Systems for Symbol Technologies Inc., a world leader in hand-held mobile computing and wireless 802.11 data communication networks.

Aman Bhardwaj
COO
Product Development Executive with 20+ years of experience in building and leading global teams for large multi-national and startup companies such as Panasonic, Flextronics/Imerj, Educo, and Hisense.

Omar Garcia
CFO
Omar brings to Liberty Defense over 20 years of progressive international accounting experience within the public and private markets and was most recently holding the CFO position of a TSX.V listed company.

David G. Albert
VP External Affairs
Co-Founder and Managing Director of Wellington Dupont Public Affairs and The Waverly Group.

David Albert is focused on enabling collaboration with thought leaders in aerospace, defense, and infrastructure policy. Mr. Albert brings more than 25 years of experience in Public Affairs and Government Relations at State and Federal levels.

BOARD OF DIRECTORS

Daryl Rebeck
Executive Chairman  
Daryl Rebeck has over 20 years of capital market and senior leadership experience. He was formerly co-founder and president of LexaGene, a publicly listed diagnostic company. Previously, Daryl was SVP of Corporate Finance of TSX /NYSE listed Auryn Resources and VP/Senior Investment Advisor with Canaccord Genuity.

Bill Frain
CEO/Director 
Bill was the former Senior Vice President for L-3 Security & Detection Systems, the world’s leading supplier of security inspection systems. In this role, Bill led global sales, business development, and key account management. Prior, Bill was the CFO at Vivid Technologies before its acquisition by PerkinElmer, which led to the eventual sale of the security and detection systems division to L-3 Technologies.

John McCoach
Lead Independent Director 
Served as President of the TSX Venture Exchange for nine years, John is currently on the board of a Toronto Stock Exchange-listed mining company and the capital markets authority implantation organization— tasked by the government of Canada to create a pan-Canadian securities commission.

Arjun Grewal
Independent Director 
Arjun Grewal is a Program Lead for IBM Cloud. A 19-year veteran of the Canadian Armed Forces, Arjun served 12 years of his career with the Canadian Special Operations Forces and has been deployed on numerous operations globally. Arjun’s leadership as a frontline soldier and defense technologies end-user will provide unique insights to Liberty Defense in military and tactical applications.

ADVISORS
CRAIG J. CALLENS
Royal Canadian Mounted Police (RCMP)

MANAGEMENT
JOHN MAY
Live Nation Canada

COMMISSIONER
CHARLES H. RAMSEY
Major city police departments

MANAGEMENT
HUBERT RICHARD
Ad agency sales for sports and events

LAW ENFORCEMENT
RICK STANLEY
Former police chief

MANAGEMENT
JOHN HILLER
Real estate and government affairs

LAW ENFORCEMENT
JOHN FRAIN
FBI; Security, NFL

MANAGEMENT
CRAIG PETERS
Real estate

MANAGEMENT
VICTOR MONTAGLIANI
FIFA football

HOSPITALITY INDUSTRY
MIT SHAH
Part-owner, NBA; Investments

MANAGEMENT
BRIAN STORSETH
Health care; Former Canadian Member of Parliament

MANAGEMENT
ANTHONY T. SLEIMAN
Real estate development

ADVISORY
AL GRASSO
The MITRE Corporation

The Top Reasons to Consider Liberty Defense Holdings Ltd. (TSXV: SCAN)

1. In 2020, there were roughly 39 million gun background checks in the US and a 40+% year-over-year increase of mass shootings (Source 3). There have also been at least 20 mass shootings in the few weeks since the Atlanta spa attacks left 8 dead (Source 2).
2. Threat detection could become an estimated $68.36 Billion Industry by 2024 (Source 1). The urban security market is also currently valued at about $5B with a forecasted CAGR of roughly 7.2%. (Source 3)
3. Liberty Defense Holdings Ltd. (TSXV: SCAN) is a security defense tech company led by seasoned experts utilizing a disruptive revolutionary technology called HexWave.
4. HexWave is a contactless, seamless screening and threat detection system that utilizes next-gen technology to detect all threats- metallic and non-metallic (Source 3).
5. HexWave’s proprietary technology was developed over 6+ years at MIT (Source 3).
6. HexWave also leverages innovative IoT technology, real-time tracking, efficient operations, and more (Source 3).
7. The stock has only been public for a few weeks. But, a good comparison for the lucrative potential is Evolv Technology. Evolv, a leading provider of AI touchless security screening systems, announced its intention to go public through an approximately $1.7 billion merger with a SPAC (Source 6). However, its tech is nowhere near as advanced as HexWave’s and can only detect metal. If SPACs are paying $1.7 billion to detect only metal, just imagine the possibilities.
8. Major players in lucrative industries are beta testing HexWave, including Port Tampa Bay, Toronto Pearson Airport (largest airport in Canada), Maryland Stadium Authority (Camden Yards and M&T Bank Stadium), Bayern Munich (most recent Champions League winner, 4th most valuable soccer club in the world, most successful German soccer club in history), and many others. (Source 3)
9. Unheard of for a microcap company, the Department of Homeland Security, through the BIRD Foundation, awarded the company a $1.5 million grant to develop emerging threat detection technology with an Israeli firm. (Source 18)
10. As impressive as the company’s tech looks, its seasoned leadership might be its best quality.