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An update from Liberty Defense Holdings ( (TSE:SCAN) ) is now available.
Liberty Defense Holdings has announced that its HEXWAVE system was chosen for a critical trial with a major US strategic ally in the Middle East. This trial, co-sponsored by the Irregular Warfare Technical Support Directorate, aims to evaluate the system’s capabilities in detecting explosive threats, potentially impacting border security, checkpoints, and military applications. This move underscores Liberty’s commitment to expanding its technological reach and playing a significant role in international security solutions. Additionally, the company has granted 1,400,000 stock options to its directors and officers, further investing in its long-term growth and stability.
More about Liberty Defense Holdings
Liberty Defense Holdings is a leading provider of multi-technology security solutions focused on detecting concealed weapons in areas with high foot traffic and enhanced security needs, such as airports and schools. The company is known for its HEXWAVE product, which utilizes advanced 3D imaging and AI technology for the detection of both metallic and non-metallic threats. Liberty Defense has secured exclusive licenses from MIT for active 3D radar imaging technology, enhancing their product offerings.
YTD Price Performance: 12.12%
Average Trading Volume: 15,681
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $25.32M
For a thorough assessment of SCAN stock, go to TipRanks’ Stock Analysis page.