Chilean prisons are grappling with escalating overcrowding, challenging the authorities’ control as the prison population swells. After a period of decline, the number of inmates has risen for 25 consecutive months, reaching 54,766 by February 2024, which is 131% above the facilities’ intended capacity. According to Chile’s Justice Minister Luis Cordero Vega, this rapid increase is putting severe pressure on the prison system. Despite being lower than some neighboring countries like Brazil and Peru, the overcrowding in Chilean prisons is more severe than in Argentina, based on figures from the World Prison Brief. Fortunately, advanced security company Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF) is providing innovative solutions that utilize AI and radar imaging to enhance security in Chile’s prison system. Other technology companies like L3Harris Technologies (NYSE:LHX), Leidos Holdings (NYSE:LDOS), Evolv Technology (NASDAQ:EVLV), and Xtract One Technologies (TSX:XTRA) (OTCQX:XTRAF) are also contributing their expertise to improve security in various fields.
Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF) offers advanced security solutions for detecting concealed weapons in busy areas like airports, stadiums, and schools. The company’s flagship product, HEXWAVE, provides discreet and scalable protection using cutting-edge radar imaging technology licensed from MIT. Additionally, Liberty has expanded its portfolio to include millimeter wave-based body and shoe scanning technologies. With a commitment to community safety, Liberty aims to provide peace of mind through superior security solutions.
On May 8, Liberty Defense announced the sale of its HEXWAVE™ system to a juvenile correctional facility in Santiago, Chile, with plans for deployment this summer.
HEXWAVE, Liberty‘s advanced threat detection system, employs AI and low-power radar imaging to swiftly detect concealed threats including metals, non-metals, plastics, and powders without physical contact. The system has been successfully deployed across various sectors, including aviation, courthouses, labs, prisons, and government facilities.
Setronix Chile S.A., a renowned security firm with three decades of experience, will handle deployment and maintenance. Strategically located at Arturo Merino Benítez Airport, Setronix is well-equipped to support security operations in Santiago and beyond.
SENAME, a Chilean government agency dedicated to juvenile justice and reintegration, prioritizes safety for adolescents and young offenders aged 14 to 17. HEXWAVE offers a safe and efficient screening alternative to traditional transmission x-rays, enhancing security measures at the facility.
“This is an important award for Liberty as we expand our product capability to Latin America,” said Bill Frain, CEO of Liberty Defense. “We won the tender given the HEXWAVE’s mobile platform and ability to safely and efficiently screen for a broad range of threats and prohibited items for the safety of all within the correctional facility. We are confident this will lead to more applications throughout Chile.”
Click here for more information on Liberty Defense (TSXV:SCAN) (OTCQB:LDDFF).
Tech Companies Secure Key Contracts and Designations
L3Harris Technologies (NYSE:LHX) has been awarded a contract by Millennium Space Systems, a Boeing Company, to manufacture eight infrared payloads for the Space Development Agency’s (SDA) FOO Fighter program. The FOO Fighter satellite system aims to evaluate innovative technologies for missile defense, integrating high-quality fire control sensors into a flexible prototype constellation. These satellites will form a standalone program focused on tracking specific threats not covered by the current tracking constellation.
Leidos Holdings (NYSE:LDOS) has landed a major contract from the National Geospatial-Intelligence Agency (NGA) Exploitation Services Program, known as Maru. Valued at $206 million over five years, Maru aims to enhance geospatial processing for increased efficiency. Leidos will provide mission software development, sustainment, technology insertion, testing, and deployment of analytical capabilities to support analysts and data scientists. These systems are crucial for NGA’s daily operations, covering imagery, geospatial analysis, and data science. Leveraging its expertise in mission software and technology-enabled services, Leidos is set to bring innovation to the geospatial community.
Evolv Technology (NASDAQ:EVLV) recently announced a partnership with Cape Fear Community College. The Wilmington, North Carolina school employs Evolv Express® to screen visitors at the main entrance to the Wilson Center, its performing arts venue. Since 2019, the college has relied on Evolv weapons detection tech, switching from outdated screening methods after witnessing Evolv in action at Lincoln Center, NYC. Initially using Evolv’s earlier screening system, the college upgraded to Express in 2023. Express, combining sensor tech with AI, distinguishes threats from everyday metal items, allowing smoother guest entry compared to manual checks and hand wand screenings previously used.
Xtract One Technologies (TSX:XTRA) (OTCQX:XTRAF) announced that its Multi-Sensor-Gateway portfolio received the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT). This recognition highlights its effectiveness in safeguarding public spaces against modern threats. Xtract One’s technology is now a preferred choice for major sports leagues like the NHL and MLB, meeting stringent security requirements. Their innovative solutions ensure safe venue entry and address evolving security needs while providing seamless throughput for patrons. This designation solidifies Xtract One as an industry leader committed to developing advanced security technology for optimal patron experiences.
Liberty Defense Holdings Ltd. (TSXV:SCAN) (OTCQB:LDDFF) recently announced the delivery of multiple HEXWAVE units to a major airport in Canada. These units, known for their advanced threat detection capabilities, will bolster security by identifying various items, including metals, non-metal threats, liquids, and plastic explosives. Moreover, Liberty Defense is expanding globally, shipping HEXWAVE units to Amsterdam and Subic Bay Airport, showcasing their commitment to international collaboration and seamless integration with existing security systems.
Click here for more information on Liberty Defense (TSXV:SCAN) (OTCQB:LDDFF).
Featured Image @ FreePik
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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Liberty Defense Holdings Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Liberty Defense Holdings Ltd.’s industry; (b) market opportunity; (c) Liberty Defense Holdings Ltd.’s business plans and strategies; (d) services that Liberty Defense Holdings Ltd. intends to offer; (e) Liberty Defense Holdings Ltd.’s milestone projections and targets; (f) Liberty Defense Holdings Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) Liberty Defense Holdings Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Liberty Defense Holdings Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Liberty Defense Holdings Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Liberty Defense Holdings Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Liberty Defense Holdings Ltd.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Liberty Defense Holdings Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Liberty Defense Holdings Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Liberty Defense Holdings Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Liberty Defense Holdings Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Liberty Defense Holdings Ltd.’s business operations (e) Liberty Defense Holdings Ltd. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Liberty Defense Holdings Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Liberty Defense Holdings Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Liberty Defense Holdings Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or such entities and are not necessarily indicative of future performance of Liberty Defense Holdings Ltd. or such entities.
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