Liberty Defense (TSXV: SCAN) Provides Update on Sleiman Enterprises MOU to Test HEXWAVE
Sleiman Enterprises, developer and manager of over 150 shopping centres (over 5 million sq. ft.), will be testing HEXWAVE, an AI-enabled 3D imaging security tech.
Jacksonville, Florida and Vancouver, British Columbia - April 23, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Liberty Defense Holdings, Ltd. (TSXV: SCAN), ("Liberty"), a leader in security and weapons detection solutions, is providing an update and details of its memorandum of understanding (MOU) to beta test HEXWAVE with Toney Sleiman of Sleiman Enterprises ("Sleiman").
Toney Sleiman is President of Sleiman Enterprises, one of Florida's largest privately held real estate companies. Owned and operated in Jacksonville, Florida, the company develops and manages more than 150 shopping centers throughout Southeast Georgia with a footprint of over 5 million square feet of retail space.
"We are committed to our customer's safety and are always looking for ways to improve their experiences while visiting our properties. This includes exploring how using cutting edge technologies can help detect weapons before they become a potential threat. Upon meeting the team at Liberty and reviewing the technology, we were excited to be part of the process of bringing this new technology to market and appreciate the opportunity to partner with Liberty Defense." Toney Sleiman, President of Sleiman Enterprises.
"Malls welcome hundreds - if not 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 Bill Riker, Liberty's CEO. "By providing a security solution that is modular, scalable, and capable of providing layered protection to identify threats before they evolve into an attack, we believe that we can make these spaces safer for patrons and merchants alike."
As a part of the product development process for HEXWAVE, Liberty plans to incrementally test the system in actual facilities to ensure that it is aligned to market requirements. These beta tests with organizations such as Sleiman will be a key step in this process and provide real user feedback in a customer environment. Beta testing is expected to begin later in 2019.
"Collaboration with venues such as Sleiman Enterprises will be a key element to Liberty Defense's success as it will enable us to ensure that what we are building will satisfy the needs of our customers and their patrons, addressing both indoor and outdoor security," added Riker.
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 licence 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
Sleiman Enterprises, Inc. is a real estate company that develops and manages shopping centers in the Southeastern United States. The company specializes in the design, construction, leasing, and management of properties ranging from neighborhood strips to regional shopping meccas. It serves tenants, landowners, lenders, and other participants. Sleiman Enterprises, Inc. was founded in 1955 and is based in Jacksonville, Florida.
For further information contact:
LIBERTY MEDIA RELATIONS:
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 proposed testing locations. 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 undertake Beta Testing at the proposed locations. 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 the parties' forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The parties have 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.
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