Jeffs Brands Secures Exclusive Distribution Agreement for Scanary Security Systems in Canada, Germany, and UAE

Reuters12-05 06:00
<a href="https://laohu8.com/S/JFBR">Jeffs Brands</a> Secures Exclusive Distribution Agreement for Scanary Security Systems in Canada, Germany, and UAE

Jeffs' Brands Holdings Inc., a wholly owned subsidiary of Jeffs' Brands Ltd., has entered into a definitive distribution agreement with Scanary Ltd., an Israeli developer of 3D imaging, electromagnetic, and AI-powered threat detection systems. Under the terms of the agreement, Jeffs' Brands Holdings Inc. will have exclusive distribution rights to Scanary's homeland security screening systems in Canada, Germany, and the United Arab Emirates, and non-exclusive rights in Spain and Italy. The agreement has an initial term of 24 months, with potential for renewal based on performance targets. As part of the arrangement, Jeffs' Brands Holdings Inc. will pay Scanary a total of $1,000,000 in five equal monthly installments, and will receive periodic exclusivity payments based on a percentage of Scanary's gross sales revenues, less certain costs.

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