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Liberty Defense Holdings Ltd. Discusses HEXWAVE Beta Testing and Commercialization with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - October 14, 2021) - The Stock Day Podcast welcomed Liberty...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"Liberty Defense Holdings Ltd. Discusses HEXWAVE Beta Testing and Commercialization with The Stock Day PodcastPhoenix, Arizona--(Newsfile Corp. - October 14, 2021) - The Stock Day Podcast welcomed Liberty Defense Holdings Ltd. (TSXV: SCAN) (OTCQB: LDDFF) (FSE: LD2) (\"the Company\"), a company that 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. Senior Vice President of Capital Markets, Jay Adelaar, joined Stock Day host, Everett Jolly. Jolly began the interview by asking about the Company's background and current projects. \"At Liberty Defense, we started trading in March of this year and raised $6.9 million and then did a follow-up financing and raised another $7.1 million. So, we are very nicely capitalized at this point,\" shared Adelaar. \"Liberty Defense is a security detection technology company,\" he added. \"We have three products; HEXWAVE being our flagship, as well as two other technologies we are developing.\"\"Could you expand on the three technologies you guys are trying to bring to a commercial platform?\" asked Jolly. \"The first one is HEXWAVE,\" said Adelaar. \"We originally licensed this from MIT Lincoln Labs in Boston,\" he explained. \"It is a walk through portal that scans people at speed,\" said Adelaar. \"What it is looking for is anomalies on the body - metallic and also non-metallic,\" he said. \"We have been working on this for some time now and we're in that exciting phase where we are going to start beta testing here in Q1 and then follow-up with commercialization in Q4 of 2022.\"\"Our share structure right now is just under 64 million shares outstanding and the share price is around 36 cents per share,\" said Adelaar. \"We are bringing on a lot of talent over that is leaving these multi-billion dollar companies and I think you'll see that continue to happen as we continue to develop this technology.\"Jolly then asked about the significance of the Company's team members from L-3 Security & Detection Systems. \"Bill Frain is the CEO of our company who spent almost 20 years with L-3,\" said Adelaar, noting that L-3 Harris is a $30 billion publicly listed company. \"Frain also brought over our President Michael Lanzaro, who has been a VP of Engineerin...