PRESENTATION (Liberty Defense Presentation 5.08.26)

TSXV:SCAN │ OTCQB:LDDFF

May 2026

© Liberty Defense. All rights reserved.

NEXT GENERATION SECURITY DETECTION

MISSION

Protecting communities & preserving peace of mind through next generation weapons detection solutions

PEOPLE

• Deep domain expertise in security & threat detection

• Designed & deployed threat detection technology globally for 30 years

1 Future Market Insights, Inc, Security Screening Market Forecast and Outlook 2026-2036

PRODUCTS

• HEXWAVE MW scanner and High-Definition AIT disruptive technology

• $6M TSA Investment and

  $40M+ invested in technology

  POTENTIAL

  
  
  

  • Total Addressable Market:

    
    
    

    $11B $22B 1

    
    
    

  • Market need for non-metallic weapons detection

3

THREATS OF TODAY & TOMORROW

An urgent need exists to advance weapon detection security to protect against emerging risks

• The security screening market is valued at US $11B in 2024 and is projected to reach US $22B by 2036 1

• DHS $1B modernization plan

• Terrorism and geopolitical tensions among several countries are on the rise

• There were greater than 500 mass shootings in 2024 in the US alone and already 51 in 2026.

  1. Future Market Insights, Inc, Security Screening Market Forecast and Outlook 2026-2036

  2. Gun Violence Archive

• Advancements in 3D printing technology enable ability to print functioning weapons from plastic composites: Ghost Guns

• Undetectable by conventional

  metal detectors

  
  
  

  • Urgent need for detection which surpasses the development of advanced threats

  • Needs to be fast, adaptable and non-invasive

    
    
    
    
    OUR SOLUTIONS

    Introducing our proprietary, non-invasive weapons detection technology

    
    
    

    • Flagship HEXWAVE mobile walkthrough scanner identifies potential threats

    • HD-AIT Upgrade Kit replaces outdated technology at TSA checkpoints

    • AI technology provides rapid, non-intrusive scanning and threat detection

      HEXWAVE

3D Radar Image Reconstruction

Automatic Threat Detection

AI & Deep Learning

Antenna Array

& Transceiver

Smart IoT Functionality

HEXWAVE-AI ENABLED

+

+

+

=

Captures real-time data

Convert captured data into 3D radar images

Interprets the data and 3D radar images with AI

Provides connectivity to existing security systems

EMIT CAPTURE RICH DATA AI INTERPRET ACTION

Low power signal

is transmitted to reflect off the individual

Each standalone unit captures reflected signals

~400,000 datapoints create a 3D image

Artificial intelligence models interpret rich data and provide go/no-go decisions

Smart loT functionality allows notification & interaction with existing infrastructure

TSA UPGRADE KIT

TSA Upgrade Kit developed to replace aging HD-AIT systems currently in use in airports throughout North America and around the globe.

Our HD-AIT Upgrade kits provide:

MANAGEMENT & DEVELOPMENT TEAM

Leaders in the security industry, product development, technology and manufacturing

TEAM

• Led by a seasoned leadership team in security & product development, management, and

  corporate finance

• Supported by Board of Directors and advisors who provide extensive market access

BILL FRAIN

CEO

Former SVP of L3

(LHX-NYSE)

BRYAN CUNNINGHAM

President

Lawyer, security expert, former

CIA officer, and tech executive

JEFFREY GORDON

CTO

Engineering leader with 35+

years experience in security

IAN MCNAUGHTON

Sr. Director BD

Senior sales leader with 25+ years experience in security

MATT JOHNSON

DHS Strategy

Senior Leader for Aviation and

Security Applications for TSA

OUR EXPERIENCE

BOARD OF DIRECTORS

JASON BURINESCU

Executive Chairman

Senior operating executive and Managing Partner of Vision Equity Partner Solutions

BILL FRAIN

CEO/ Director

Former SVP of L3 (LHX-NYSE)

LINDA JACKSTA

Independent Director

Customs & Border Protection Executive 35 years experience

WILL HAMILTON

Independent Director

Partner and portfolio manager at Kestrel Merchant Partners

ARJUN GREWAL

Independent Director

CEO of Arctic Training Centre and 19-year Veteran of the Canadian Armed Forces.

INDUSTRY PARTNERSHIPS

Global Distribution Network

TSA is investing in Liberty Defense for enhanced detection performance

US$6M

Grants to date

MIT and Pacific Northwest National Labs chose Liberty to commercialize the technology

MARKET OPPORTUNITY

A multibillion-dollar opportunity exists in the North America Physical Security Market

Security Screening Market Growth

$22.5B

$20.9B

$19.4B

$16.8B

$14.6B

$12.6B

$11.7B

$10.9B

$18.1B

$15.6B

$13.5B

2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036

.Future Market Insights, Inc, Security Screening Market Forecast and Outlook 2026-2036

Demand Drivers - Regulatory Tailwinds

• 2024 TSA Employee Screening Mandate

• 2025 DHS $1B TSA Modernization Plan

Federal investment in advanced screening upgrades highlighting Advance Imaging Technology (AIT)

Number of Possible Screening Applications

1. Transportation Security Administration (TSA) Breaks Record for Most Individuals Screened on a Single Day, Readies for Record Breaking Independence Day Travel Volumes

2. SJIA Security Journal Americas:.How many correctional facilities are in the United States

3. Industry Estimate-Brush Pass Research

1. American Hospital Association (AHA) fast facts on US hospitals 2026

2. Agile education marketing

3. Smart Scrapers, List of sports complexes United States

TSA AVIATION WORKER SCREENING

Insider threat poses a real risk with the potential for employees to exploit secure access and insider knowledge to smuggle contraband and weapons

• TSA mandates call for planning and rapid adoption of next generation, open architecture technology

• HEXWAVE's portability allows for use at multiple entrances to push the security perimeter out

  MARKET OUTLOOK1

  Rochester Airport

Manchester Airport

1. This Market Assessment was conducted by an outside consulting firm using a bottoms-up approach, estimated operating time requirements are based on total badged population, SIDA access control points, passenger enplanement and number of terminals were factored into estimations of minimum-security screening systems needed to meet requirements. This Market Assessment was initially provided in 2023, and has since been updated to reflect latest discussions with the firm.

   Category X: A designation used by the Transportation Security Administration (TSA) to identify the largest and busiest airports in the US

   Category I: Large airports with significant traffic but generally fewer enplanements than Cat X.

   Category II: Medium to small community airports with lower traffic volumes

   
   
   

   COMPETITIVE LANDSCAPE

   HEXWAVE System's features provides detection solution on the market

   	Liberty Defense	Thruvision	Rohde s Schwarz	Rohde s Schwartz	Evolv	Tek84
   Model	HexWave	LPCDD	QPS201	QPS Walk2000	Express	Defender
   Divestiture of Outer garments	No	Yes	No	No	No	Yes
   Metal Threats	Yes	Yes	Yes	Yes	Yes	Yes
   Non-Metal Threats	Yes	Yes	Yes	Yes	Limited	Yes
   Sensor Type	Millimeter Wave	Terahertz (Heat Sensor)	Millimeter Wave	Millimeter Wave	Smart Metal Detector	X-Ray Backscatter
   Frequencies	6 GHz - 10.6 GHz	250 GHz	70 GHz - 80 GHz	10 Hz - 30 Hz	50 Hz - 60 Hz	N/A
   Scan time	real-time	real-time	2.5 seconds	real-time	real-time	7 seconds
   Throughput (persons/h)	~ 700	~ 1200	~ 300	~ 750	~ 3600	~ 300
   Movable	Yes	Yes	No	No	Yes	No
   Indoor / Protected Outdoor Usage	Both	Indoor	Indoor	Both	Both	Indoor

   Market Position Assessment from an Outside Consulting Firm

   
   
   

   BUSINESS MODEL

   Hardware Sales

   • Units deployed individually or as portal configuration

   • HEXWAVE ASP - $100,000

   REVENUE STREAMS

   Maintenance & AI Updates

   • 3-5-year maintenance plan including software and AI updates incurring annual revenue stream

     • HD-AIT Upgrade Kit target pricing - $125,000 Implementation

       • HEXWAVE can be used as a standalone system or integrated into existing security platforms

       • Implementations will vary from basic to more fully integrated

   • Product margins improving

   • Volume, technology curve, and value engineering will further enhance margins

BUSINESS UPDATE

HEXWAVE Installations

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Los Alamos National Labs

Greater Toronto Airport Authority Manchester Airport

Birmingham Airport Rochester Airport Malaysia

MIT Lincoln Labs (High Speed Transit) TSA

Netherlands - GRASP Technologies Bogota, Columbia (Theatre/Concert venue) Chile (Correctional Facility)

Palm Springs Airport

US Infectious Disease Lab

CAPITALIZATION STRUCTURE1 (April 2026)

$4.0M

$2.0M

$1.5M

$2.4M

$1.8M

$0.0M

($2.0M)

($4.0M)

($6.0M)

($8.0M)

($10.0M)

($12.0M)

($9.1M)

($7.4M)

($10.0M)

Year ended Dec 2023 Year ended Dec 2024 9 months ended Sep 2025

Operating Loss Revenue

1 As of April 28, 2026

WHY LIBERTY DEFENSE

Protecting communities & preserving peace of mind through next generation weapons detection solutions!

1 Future Market Insights, Inc, Security Screening Market Forecast and Outlook 2026-2036

Together we can build a safer future

CONTACT US

Tel: 604-809-2500

General: info@libertydefense.com

Investor Relations: investors@libertydefense.com

TSXV: SCAN | OTCQB: LDDFF

187 Ballardvale St, Suite 110

Wilmington, MA, 01887 https://www.LibertyDefense.com