- Liberty Defense, an artificial intelligence stock focused on weapons detection, has received formal equipment authorization approval from the U.S. Federal Communications Commission for its HEXWAVE product
- The company has secured sales for the screening system from across the globe, as recently highlighted by a 30-unit order from multi-national Viken Detection announced in February 2024
- Liberty Defense develops technologies to detect concealed weapons in high-volume foot traffic areas
- Liberty Defense stock has given back 31.58 per cent year-over-year, and has fallen by more than 97 per cent since inception in 2019
Liberty Defense (TSXV:SCAN), an artificial intelligence stock focused on weapons detection, has received formal equipment authorization approval from the U.S. Federal Communications Commission (FCC) for its HEXWAVE product.
HEXWAVE, which previously had an FCC waiver in place, is a walkthrough, contactless threat-detection system using deep-learning and artificial intelligence algorithms and advanced 3D imaging developed by the Massachusetts Institute of Technology. The solution can automatically detect concealed metallic and non-metallic weapons, offering operators instant feedback to make informed decisions.
Equipment authorization establishes that HEXWAVE can operate effectively without radio frequency interference, and in compliance with the FCC’s rules and technical requirements, allowing the product to be marketed to non-governmental commercial customers.
Liberty Defense has sold HEXWAVE units to the likes of Los Alamos Labs, the Greater Toronto Airport Authority, and international clients in Europe and Asia, with a recent 30-unit deal with Viken Detection opening the product up to an established network across the United States, Canada and South America.
“This is an important milestone for the new production unit, allowing the company to deliver product to non-government/commercial customers,” Bill Frain, Liberty Defense’s chief executive officer, said in a statement. “We continue to receive orders in several market verticals in the commercial space, given the HEXWAVE’s ability to detect a broader range of threats, including non-metallic items.”
Liberty Defense develops technologies to detect concealed weapons in high-volume foot traffic areas, such as airports, stadiums and schools. The company’s portfolio includes the recently licensed millimeter wave-based High-Definition Advanced Imaging Technology body scanner and shoe scanner technologies.
Liberty Defense (TSXV:SCAN) is up by 4 per cent, trading at C$0.13 per share as of 10:25 am ET. The stock has given back 31.58 per cent year-over-year, and has fallen by more than 97 per cent since inception in 2019.
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