Jeffs' Brands Ltd. announced that its wholly owned subsidiary, KeepZone AI Inc., has entered into a definitive distribution agreement with Scanary Ltd., an Israeli developer of AI-powered 3D imaging threat detection systems. Under the agreement, KeepZone receives exclusive distribution rights for Scanary's systems in Canada, Germany, and the United Arab Emirates for an initial 24-month period, with possible extension upon meeting a purchase target of 20 systems. The agreement also grants non-exclusive distribution rights in Spain and Italy. As part of the deal, KeepZone will make a one-time payment of $1 million to Scanary, payable in five equal monthly installments, and will receive one free demonstration unit and technical support for pre-sales activities.
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