Jeffs' Brands Enters into a Definitive Agreement with Scanary, Marking Entry into the Global Homeland Security Market

Core Insights - Jeffs' Brands Ltd has entered into a distribution agreement with Scanary Ltd to market AI-powered threat detection systems, marking its strategic entry into the global homeland-security sector [1][2]. Company Overview - Jeffs' Brands is a data-driven e-commerce company focused on transforming products into market leaders through advanced technology and insights into the Amazon FBA business model [4]. Agreement Details - KeepZone AI Inc., a subsidiary of Jeffs' Brands, will market Scanary's AI-radar screening systems, which can scan up to 25,000 people per hour without stopping, enhancing security at high-traffic venues [2][3]. - The agreement includes a one-time payment of $1 million to Scanary, payable in five installments of $200,000, with a free demonstration unit and technical support provided by Scanary [3]. Market Potential - The security scanning equipment market was valued at over $11.4 billion in 2022 and is expected to grow at a CAGR of over 7% from 2023 to 2032, indicating significant growth opportunities in the sector [3]. Distribution Rights - KeepZone has exclusive distribution rights for the systems in Canada, Germany, and the UAE for an initial 24-month period, extendable upon achieving a purchase target of 20 systems, and non-exclusive rights in Spain and Italy [6].