Liberty Defense (TSXV: SCAN) Appoints Industry Veteran and Current Stanley Black & Decker Executive to Executive Chairman
Vancouver, British Columbia - May 7, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Liberty Defense Holdings, Ltd. (TSXV: SCAN) (FSE: LD2) ("Liberty"), a leader in security and weapons detection solutions, is announcing that Jeremy Morton has joined Liberty's Board of Directors in the role of Executive Chairman and Director.
Morton is President of Stanley Access Technologies, a subsidiary of Stanley Black & Decker, a $14 billion revenue, purpose-driven industrial organization that operates the world's largest tools and storage business, the world's second largest commercial electronic security services company, a leading engineered fastening business as well as Oil & Gas and Infrastructure businesses.
"Liberty's focus on creating an efficient, active weapons detection solution that can seamlessly integrate into existing security systems will help facilities such as stadiums, mass transit and other venues to enable a safer environment while still offering a positive customer experience," said Morton. "I'm excited to support this impressive team of industry leaders and professionals. I believe this innovative technology will help us shape a safer world by providing a new method of proactively combating threats while creating value for both society and our shareholders."
Morton is a security industry veteran that has been in multiple executive leadership roles driving innovation and growth. He was previously responsible for business development in North America including strategic partnerships and acquisitions as President of Stanley Local Security. Prior to Stanley Black & Decker, Morton held senior roles at CNL Software, Ingersoll Rand, and Schneider Electric.
"We are excited to welcome Jeremy to the board. His proven executive leadership and market innovation will significantly augment our ability to establish strategic partnerships along with positioning Liberty for growth. Further, his expertise in the security systems sector will compliment the already substantial market reach of Liberty's advisory team that includes expertise across the urban security verticals," said Bill Riker, Liberty's CEO.
As a result of Jeremy's appointment, John McCoach will step down from the Chairman role and will assume the role of Lead Independent Director to continue to ensure a strong independent voice on the Board of Directors and help oversee the company's corporate governance activities.
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
For further information contact:
LIBERTY INVESTOR RELATIONS:
Telephone: 604-336-9820 x1
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 strategic partnerships. 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 form strategic partnerships. 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 the parties as of the date of this press release and, accordingly, are subject to change after such date. The parties do not undertake to update this information at any particular time except as required in accordance with applicable laws.
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