Each Option is exercisable for one common share in the capital of the Company (a "Share") at an exercise price of $0.19 per Share. ![]() In addition, pursuant to the Company's omnibus long-term incentive plan, and subject to regulatory approval, Liberty granted a total of 75,000 stock options (the "Options") and 1,590,975 restricted share units ("RSUs") to certain directors and officers of the Company, effective October 16, 2023. Liberty is now developing the technology in house with its experienced team of engineers. Department of Homeland Security Science and Technology Directorate (DHS S&T) on behalf of the Transportation Security Administration mission. Both technologies were developed by researchers at the Pacific Northwest National Laboratory (PNNL), funded by U.S. Liberty previously licensed millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe screener technologies in March of 2021. "The upgrade kit will provide future state capability at the checkpoint, with the focus on detecting more threats and providing an overall better experience for the traveling public." "We continue to work closely with TSA on this critical initiative to help develop the next generation of passenger screening," says Liberty CEO Bill Frain. ![]() In addition to enhanced detection, the HD-AIT body scanners are anticipated to help improve passenger experience and move people through the checkpoint more seamlessly. TSA's On-Person Screening program aims to detect a growing range of threats, with fewer false alarms and less physical contact with travelers. Department of Homeland Security, is responsible for airline passenger security screening conducted at airports in the United States. Per the TSA, Open Architecture is a technology-design approach for software and hardware that uses widely accepted standards to ensure interoperability across tools and platforms regardless of the technology designer, manufacturer, or supplier. The HD-AIT upgrade kit being developed is designed to enhance the capabilities of an existing AIT unit using open architecture, allowing the use of third-party hardware and software components. ![]() The HD-AIT next-generation people screening technology platform for threat detection uses high-definition imaging and AI, resulting in greater threat detection with a lower false alarm rate for a better passenger experience. Liberty Defense Electronic Upgrade Enables Next Generation Threat Detection Performance for over 1,000 body scanners at US Airports (CNW Group/Liberty Defense Holdings Ltd.)
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