Jeffs’ Brands inks deal with Scanary, moves into global homeland‑security space

Jeffs’ Brands inks deal with Scanary, moves into global homeland‑security space

By ADMIN
Related Stocks:GTLL
Jeffs' Brands Ltd (Nasdaq: JFBR) — via its wholly owned subsidiary KeepZone AI Inc. — has signed a definitive distribution agreement with Scanary Ltd., an Israeli deep‑tech firm that develops 3D‑imaging, electromagnetic, AI‑powered threat‑detection systems. The deal gives KeepZone the right to market and distribute Scanary’s “AI‑radar” screening systems — capable of scanning up to 25,000 people per hour in open spaces without requiring them to stop and delivering real‑time threat detection in under two seconds. The technology automatically filters out benign items like phones and keys, eliminating traditional checkpoints and physical pat‑downs. This makes it ideal for high‑traffic venues such as airports, stadiums, transit hubs, critical infrastructure, sensitive facilities, and large events. Under the terms of the agreement: KeepZone gets exclusive distribution rights in Canada, Germany, and the United Arab Emirates for an initial 24‑month period — extendable another 24 months if a cumulative purchase target of 20 systems is met. It also receives non‑exclusive rights in Spain and Italy. KeepZone will pay a one‑time fee of US$1 million, disbursed over five equal monthly installments of US$200,000. As part of the deal, Scanary will provide one free demonstration unit and technical support for pre‑sales activities. The payment is structured to be repayable — Jeffs’ Brands will recoup it via periodic revenue payments equal to 10% of Scanary’s profits from sales outside the exclusive territories. With this agreement, Jeffs’ Brands is making a strategic entry into the rapidly expanding global homeland‑security market — a market reportedly valued at over US$11.4 billion in 2022, with more than one million security‑scanning units already deployed, and projected to grow at a compound annual growth rate (CAGR) of over 7% between 2023 and 2032. #JeffsBrands #Scanary #AISecurity #HomelandSecurity #SlimScan #GrowthStocks #CANSLIM

Share this article