
Jeffsâ Brands inks deal with Scanary, moves into global homelandâsecurity space
âĒBy ADMIN
Related Stocks:GTLL
Jeffs' Brands Ltd (Nasdaq: JFBR) â via its wholly owned subsidiary KeepZone AI Inc. â has signed a definitive distribution agreement with Scanary Ltd., an Israeli deepâtech firm that develops 3Dâimaging, electromagnetic, AIâpowered threatâdetection systems.
The deal gives KeepZone the right to market and distribute Scanaryâs âAIâradarâ screening systems â capable of scanning up to 25,000 people per hour in open spaces without requiring them to stop and delivering realâtime threat detection in under two seconds. The technology automatically filters out benign items like phones and keys, eliminating traditional checkpoints and physical patâdowns. This makes it ideal for highâtraffic 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 24âmonth period â extendable another 24âŊmonths if a cumulative purchase target of 20 systems is met.
It also receives nonâexclusive rights in Spain and Italy.
KeepZone will pay a oneâtime fee of US$1âŊmillion, 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 preâsales activities.
The payment is structured to be repayable â Jeffsâ Brands will recoup it via periodic revenue payments equal to 10% of Scanaryâs profits from sales outside the exclusive territories.
With this agreement, Jeffsâ Brands is making a strategic entry into the rapidly expanding global homelandâsecurity market â a market reportedly valued at over US$11.4âŊbillion in 2022, with more than one million securityâscanning units already deployed, and projected to grow at a compound annual growth rate (CAGR) of over 7% between 2023 and 2032.
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