Business UpdateMay 27, 2026, 08:32 AM
Liberty Defense deploys HEXWAVE at LaGuardia Terminal B; settles CAD$117K debt
AI Summary
Liberty Defense Holdings Ltd. announced the deployment of its HEXWAVE™ systems at LaGuardia Airport’s Terminal B, marking a significant expansion into the aviation sector. These AI-based detection solutions aim to modernize employee screening with continuous, contactless security. Additionally, the company entered into a debt settlement agreement to resolve CAD$117,000 in outstanding debt by issuing 23,306 common shares at CAD$5.02 per share and paying CAD$350,000 in cash, a move intended to preserve cash for ongoing operations.
Key Highlights
- Liberty Defense deployed HEXWAVE™ systems at LaGuardia Airport’s Terminal B.
- Company settled CAD$117,000 in debt with a legal service provider.
- Issued 23,306 common shares at CAD$5.02 per share for debt settlement.
- Paid CAD$350,000 in cash as part of the debt settlement.
- HEXWAVE™ integrates millimeter-wave sensing, 3D imaging, and AI for threat detection.
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