Liberty Defense’s HEXWAVE System Passes Key Security Tests

An update from Liberty Defense Holdings ( (TSE:SCAN) ) is now available.

Liberty Defense Holdings Ltd. announced the successful testing of its HEXWAVE system at a major U.S. courthouse and affiliated correctional facilities. The system demonstrated its capability to detect a wide range of concealed threats, including metallic and non-metallic items, with minimal false alarms. This advancement positions Liberty Defense as a key player in enhancing security measures at sensitive locations, potentially impacting the safety protocols in courthouses and correctional facilities.

Spark’s Take on TSE:SCAN Stock

According to Spark, TipRanks’ AI Analyst, TSE:SCAN is a Underperform.

Liberty Defense Holdings is facing significant financial difficulties, with negative earnings, high leverage, and reliance on external funding. Despite positive strategic corporate events, such as new partnerships and market expansion, the company’s poor financial performance and bearish technical indicators heavily weigh down the overall stock score.

To see Spark’s full report on TSE:SCAN stock, click here.

More about Liberty Defense Holdings

Liberty Defense Holdings Ltd. is a leading provider of multi-technology security solutions focused on detecting concealed weapons in high-volume foot traffic areas and locations requiring enhanced security, such as airports, stadiums, and schools. The company has an exclusive license from MIT for its HEXWAVE product, which uses advanced 3D radar imaging technology, and has recently expanded its portfolio to include millimeter wave-based body and shoe scanners.

YTD Price Performance: -68.42%

Average Trading Volume: 253,600

Technical Sentiment Signal: Sell

Current Market Cap: C$12.47M

For an in-depth examination of SCAN stock, go to TipRanks’ Overview page.