Liberty Defense Wins New HEXWAVE Contract for Major International Airport
DETX is trading near its 52-week low of $3.7 (8.1% above the low).
Summary
Liberty Defense secured a new contract to deploy its HEXWAVE security system at a major international airport, one of the top 20 busiest in the U.S. This expands the company's aviation footprint, following a similar deployment at LaGuardia Airport in May. For a newly public company that has reported recent losses and going concern warnings, this new award provides critical validation for its technology and potential revenue growth. The CEO is scheduled to participate in a virtual conference today, June 25th, at 10:30 am ET.
At the time of this announcement, DETX was trading at $4.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $22.6M. The 52-week trading range was $3.70 to $728.39. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.