Liberty Defense signs distribution deal with VMI Security for Hexwave

Liberty Defense Holdings Ltd. (NASDAQ: DETX; TSXV: SCAN) announced a non-exclusive distribution agreement with VMI Security to expand the U.S. sales channel for its Hexwave walkthrough screening system, according to a press release dated Sept. 24, 2026.

Under the agreement, VMI Security will offer Hexwave as part of its security solutions portfolio. Hexwave uses artificial intelligence, machine learning, and active sensing technology to detect metallic and non-metallic weapons and explosives in real time. VMI Security serves markets including aviation, critical infrastructure, government, and public venues.

"The partnership with VMI Security comes at a critical time for the expanding US security screening market," said Bill Frain, CEO of Liberty Defense. "VMI has a proven track record of delivering next-generation security inspection technologies and the ability to provide customers with end-to-end checkpoint screening solutions, now including HEXWAVE."

Scott Ortolani, COO of VMI Security, said the company is adding Hexwave to its growing portfolio of security screening solutions, noting he has followed the technology's development since its market introduction.

Liberty Defense also disclosed that on Sept. 24, 2026, it granted an aggregate of 43,888 restricted share units to certain directors and officers under its Omnibus Long-Term Incentive Plan. Of those, 23,888 RSUs vest on Sept. 24, 2027, and 20,000 RSUs vest on Sept. 24, 2028. All RSUs carry an expiry date of Sept. 24, 2031, with each RSU entitling the holder to one common share upon vesting and settlement.

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