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DETX names ex‑TSA exec Steve Karoly to board; CEO Bill Frain to depart end‑Oct
Liberty Defense (DETX) appointed Steve Karoly to its board effective immediately, replacing outgoing CEO Bill Frain who will leave the company at the end of October. Karoly is a 30‑year security and defense executive (currently EVP at K2 Security Screening Group) with prior TSA, CBP and DHS roles — including oversight of a $1B TSA budget and leading TSA innovation — experience that is directly relevant to federal procurement and transportation‑security deployments of Liberty’s HEXWAVE and other detection products; the release gives no CEO succession details or immediate contract/news implications.
Liberty Defense CEO Frain resigns; COO Teichmann named interim CEO
Liberty Defense (DETX) said CEO Bill Frain is resigning, has stepped down from the board effective today, and will remain with the company through Oct. 31 to support the transition; COO Keith Teichmann will serve as Interim CEO. The company highlighted ongoing commercial traction for its HEXWAVE and HD-AIT technologies, citing HEXWAVE installations at over 20 sites including major U.S. airports and recent wins in aviation, local government and distribution. The release gives no reason for Frain’s departure and does not announce a permanent CEO.
Liberty Defense (DETX) names John R. Percival as Board chairman; Executive Chairman departs
Liberty Defense (NASDAQ: DETX) appointed John R. Percival as Chairman of the Board effective immediately, and Executive Chairman Jason Burinescu has left to pursue other business opportunities. Percival brings commercial and engineering experience in security and imaging — notably growing SureScan EDS from under $2M to $26M in revenue with positive cash flow — and the company says his hiring is intended to accelerate commercialization and deployment of its HEXWAVE, HD-AIT and other screening technologies.
Liberty Defense inks U.S. distribution deal with VMI Security for HEXWAVE
Liberty Defense (DETX / SCAN) signed a non-exclusive U.S. distribution agreement with VMI Security to offer its HEXWAVE walkthrough screening system to VMI’s customers across airports, critical infrastructure, public venues and other security-sensitive environments. HEXWAVE combines AI, machine learning and active sensing to detect metallic and non-metallic weapons and explosives in real time and the deal gives Liberty access to VMI’s sales infrastructure and customer relationships, though no financial terms, order commitments or deployment timelines were disclosed; the company also granted 43,888 RSUs to directors and officers (vesting 2027/2028, expiry 2031).