newsfilter
← Latest News
GlobeNewswire·

Liberty Defense Deploys HEXWAVE at LaGuardia Terminal B, Expanding Footprint in High-Traffic U.S. Airports and announces Shares for Debt Settlement

DETX
  • Liberty Defense Holdings Ltd. deployed HEXWAVE™ AI-based detection systems at LaGuardia Airport's Terminal B to screen aviation workers.
  • The deployment was executed in collaboration with K2 Security Screening Group, which was selected by LaGuardia Gateway Partners to install the new screening checkpoint.
  • Multiple HEXWAVE™ units enable continuous, contactless screening using millimeter-wave sensing, 3D imaging, & AI to detect metallic & non-metallic threats.
  • The system aims to reduce congestion, improve flow, & maintain advanced detection in the high-density Terminal B environment.
  • Liberty Defense entered a debt settlement agreement with a creditor to resolve CAD$117,000 in outstanding debt.
  • The settlement involves issuing 23,306 common shares at CAD$5.02 per share & paying CAD$350,000 in cash.
  • The Board determined this Shares-for-Debt Transaction is in the Company's best interest to preserve cash for ongoing operations.
  • Closing of the transaction is subject to customary conditions, including approval from the TSX Venture Exchange.
  • Issued shares will be subject to a four-month & one-day hold period under Canadian securities law.
  • The shares are not registered under the U.S. Securities Act of 1933 & may not be offered or sold in the United States without registration or an applicable exemption.