Liberty Defense MOU Strategy includes Vancouver Arena Limited Partnership
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2019) - Liberty Defense Holdings, Ltd. (TSXV: SCAN) ("Liberty") provides a corporate update on its Memorandum of Understanding ("MOU") Strategy which includes a signed MOU with Vancouver Arena Limited Partnership to beta test HEXWAVE.
Bill Riker, CEO of Liberty Defense, commented, "Liberty's MOU Strategy and potential partners, which includes Vancouver Arena Limited Partnership, will be a key element to the Company's success not only in distinguishing ourselves from other the competition but also providing the Company with valuable feedback in testing HEXWAVE in live indoor and outdoor environments. In the coming months, we expect to be able to announce a number of key partnerships through our MOU program that will not only help validate the opportunities for this type of technology but also show the depth and reach of the Company and its Advisors."
The proposed testing with Vancouver Arena Limited Partnership will occur at a site to be determined within or near Rogers Arena in Vancouver, BC. Rogers Arena is one of the premier sports and entertainment facilities in North America and has hosted over 25 million fans with a proud legacy of success. Events include NHL hockey games and most of the largest concerts and shows in the city. It was also the site where the Canadian women's and men's hockey teams won gold medals during the Vancouver 2010 Olympic Winter Games.
"We are committed to our customer safety and looking for ways to improve their experiences while visiting Rogers Arena," said Jim Day, Rogers Arena's Director of Event Operations and Security. "This includes exploring how using cutting edge technologies can help keep our fans and visitors safe. We look forward to evaluating the capabilities of the HEXWAVE product."
"Stadiums welcome thousands of visitors daily - including children and families. These are public spaces that face a security challenge with high volumes of foot traffic and multiple entry points," said Riker. "By providing a security solution that is modular, scalable and capable of providing layered detection of potential threats, we believe that we can make these spaces safer for customers and employees."
The Vancouver Arena Limited Partnership MOU was signed in November, 2018.
On Behalf of Liberty Defense
CEO & Director
About Liberty Defense
Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and has secured an exclusive license from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3D imaging technology that are packaged into the HEXWAVE product. The system is designed to provide discrete, modular and scalable protection to provide layered, stand-off detection capability. This is intended to provide a means to proactively counter evolving urban threats. The sensors with active 3D imaging and AI-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com
About Vancouver Arena Limited Partnership
Vancouver Arena Limited Partnership has owned and operated Rogers Arena since 2004. To learn more visit www.rogersarena.ca
For further information contact:
LIBERTY INVESTOR RELATIONS:
FORWARD LOOKING STATEMENTS
When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include, amongst others, information relating to the expectation of future MOUs and validation of technology. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: (a) there is no assurance that Liberty will obtain further MOUs. These fluctuations may adversely affect the price of the Liberty's securities, regardless of its operating performance. There are a number of important factors that could cause Liberty's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).
Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.
All amounts referred to herein are in Canadian dollars unless otherwise indicated.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44064