Mentioned:
Some of the most prominent individuals in American defense tech have been joining a publicly traded company in Canada. But, why?
What’s happening:
- Liberty Defense (TSXV: SCAN) has announced that the former United States Deputy Secretary of Veterans Affairs and current Vice President of Ethics and Business Conduct at Lockheed Martin (NYSE: LMT) the Honourable James Byrne has joined their strategic advisory board
Why it matters:
- Liberty Defense has developed one of the most advanced pieces of artificial intelligence powered hardware for being able to rapidly detect metallic and non-metallic weapons for public safety
Going deeper:
- Former United States Assistant Secretary of Defense and current AeroVironment (NASDAQ: AVAV) board member the Honourable Mary Beth Long also just recently joined the strategic advisory board of Liberty Defense
- Executive Director of Palantir's (NASDAQ: PLTR) outside advisory group Bryan Cunningham and Bill Frain who was previously at L-3 Security and Detection Systems (NYSE: LHX) currently lead Liberty Defense
- Liberty Defense has also been rapidly ramping up sales of their HEXWAVE units, including delivering nine units in their most recent quarter as well as just recently selling an additional HEXWAVE unit into Brazil
The intrigue:
- Liberty Defense’s HEXWAVE technology is even capable of detecting ghost guns, as well as potentially dangerous gels and powders
