Liberty Defense Holdings, Ltd
Liberty Defense Holdings, Ltd. develops and commercializes advanced security detection systems for concealed weapons screening in high-traffic venues. Its core offerings include the HEXWAVE platform and licensed millimeter-wave imaging technologies used at airports, stadiums, schools, and other locations requiring discreet stand-off detection.
Business
Share of revenueSecurity screening platforms that detect metallic and non-metallic threats in public venues.
Advanced imaging hardware and software used for stand-off screening and threat identification.
Licensed HD-AIT technologies for person screening at checkpoints and entrances.
Use rights and related technology transfer agreements for security imaging patents.
Customers
Customers are organizations that need high-security screening without slowing pedestrian flow, especially in aviation, sports, education, and government-adjacent settings. The solutions are bought to reduce reliance on invasive search methods, improve throughput, and add layered detection for metallic and non-metallic threats.
Buys screening systems for passenger entry points and security checkpoints to detect concealed threats without disrupting flow.
Uses the systems for event security where fast, non-contact screening is needed for large crowds.
Adopts concealed-weapon detection to improve entry security and reduce visible screening friction.
Purchases security detection technology for facilities with elevated screening requirements.
Resells or installs the technology as part of broader security infrastructure deployments.
Strategy
The company’s strategy is centered on commercializing proprietary and licensed detection technologies for crowded environments that need high-throughput security screening. It expands its platform through exclusive licensing, technology transfer, and added imaging modalities so it can address more use cases within the same security workflow.
Installed base growth is central to turning proprietary detection technology into recurring commercial use.
Additional imaging products increase the number of security use cases the company can address.
Licensed patents and transfer rights support product differentiation and barrier to entry.
Geography
Liberty Defense is headquartered in Wilmington, Massachusetts, with corporate registration and records offices in British Columbia, Canada. The company is publicly listed in the United States, Canada, Germany, and on the OTCQB, and its commercial footprint appears oriented to North American security markets with broader international investor access.
Risks
The business depends on successful commercialization of specialized security technology, which can be slow, customer-specific, and subject to procurement cycles. It also faces technology, execution, and financing risk typical of early commercial security hardware developers, including adoption hurdles, competitive alternatives, and reliance on intellectual property rights.
- Commercialization and adoption riskImpact: HighLikelihood: High
Revenue depends on converting security technology into customer deployments across airports, venues, and campuses.
Exposure - Technology performance and reliability riskImpact: HighLikelihood: Medium
Security customers require low false alarms, high detection accuracy, and reliable throughput in operational settings.
Exposure: Product validation and field performance
- Competitive and procurement pressureImpact: MediumLikelihood: High
Security buyers can choose from alternative screening technologies and often buy through long procurement processes.
Exposure - Intellectual property dependenceImpact: MediumLikelihood: Medium
The product portfolio relies on licensed technologies and patent-related rights from third parties.
Exposure: MIT license and technology transfer agreements
Accounting
Judgemental itemsLicensed technologies and other intangibles require periodic assessment of recoverability and fair value.
Impact: Could materially change reported asset values and earnings
Judgment is needed on which development expenditures are capitalized versus expensed.
Impact: Affects EBITDA, net loss, and intangible asset balances
Option values depend on subjective assumptions such as volatility and expected life.
Impact: Can materially affect operating expenses
Recognition depends on forecasts of future taxable profits and available tax losses.
Impact: Affects balance sheet assets and tax expense
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Last updated: 28/09/2026