Liberty Defense Holdings Ltd. announced that the Company has made further board changes associated with the previously announced proposed transaction with DrawDown Detection Inc. (‘DrawDown’). The proposed transaction involving Liberty and DrawDown is anticipated to close near the beginning of fourth quarter of 2020. With the completion of the concurrent financing the Company will have funds to continue the development of the product for Beta trials for the HEXWAVE product. In past few months the team has made significant improvements in real-time performance, automatic threat detection algorithms, and mechanical form factor. Liberty looks forward to further mature the product for Beta testing with the announced Beta test partners. Effective September 1, 2020, Bill Riker has resigned as a non-executive director of the Company. Mr. Riker was the CEO of the Company from August 2018 through April 2020 and has served on the Board of Directors since April 2018.