Jeffs’ Brands Wins Global Exclusive for Drone System Distribution on Amazon

Rhea-AI Summary

Jeffs' Brands (Nasdaq: JFBR) has secured a two-year exclusive worldwide distribution agreement for advanced drone safety systems on Amazon's global marketplace. The agreement grants the e-commerce company exclusive rights to distribute safety systems developed by a leading drone company, subject to certain conditions. The systems will be sold exclusively through Amazon's marketplace, leveraging Jeffs' Brands' e-commerce expertise to deliver advanced technological solutions to consumers.

Positive

• Secured exclusive worldwide distribution rights for drone safety systems
• Two-year exclusivity period on Amazon's global marketplace
• Expansion into high-tech drone safety market

Negative

• Distribution agreement subject to undisclosed conditions

Tel Aviv, Israel, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced that it has entered into an agreement granting it the exclusive worldwide right to distribute certain advanced drone safety systems developed by a leading drone company for a period of two years and subject to certain conditions. The innovative drone safety systems will be sold by the Company exclusively through the Amazon’s global marketplace.

The entry into the agreement, previously announced, highlights Jeffs’ Brands’ commitment to leveraging its expertise in e-commerce to bring advanced technological solutions to consumers. With a focus on high standards of reliability and performance, these drone safety systems are set to address key challenges in the industry.

About Jeffs’ Brands Ltd.

Jeffs' Brands aims to transform the world of e-commerce by creating and acquiring products and turning them into market leaders, tapping into vast, unrealized growth potential. Through the Company’s management team’s insight into the FBA Amazon business model, it aims to use both human capability and advanced technology to take products to the next level. For more information on Jeffs’ Brands Ltd visit https://jeffsbrands.com.

Forward-Looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when discussing the Company’s exclusive worldwide distribution rights of certain advanced drone safety systems which are subject to certain conditions, the Company’s commitment to leveraging its expertise in e-commerce to bring advanced technological solutions to consumers, and the ability of the drone safety systems to address key challenges in the industry. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to adapt to significant future alterations in Amazon’s policies; our ability to sell our existing products and grow our brands and product offerings, including by acquiring new brands; our ability to meet our expectations regarding the revenue growth and the demand for e-commerce; the overall global economic environment; the impact of competition and new e-commerce technologies; general market, political and economic conditions in the countries in which we operate; projected capital expenditures and liquidity; the impact of possible changes in Amazon’s policies and terms of use; the impact of the conditions in Israel, including the recent attacks by Hamas, Iran, and other terrorist organizations; and the other risks and uncertainties described in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (“SEC”), on April 1, 2024 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact:

Michal Efraty
Adi and Michal PR- IR
Investor Relations, Israel
michal@efraty.com

FAQ

What exclusive distribution rights did Jeffs' Brands (JFBR) secure in December 2024?

Jeffs' Brands secured exclusive worldwide distribution rights for advanced drone safety systems on Amazon's global marketplace for a two-year period.

How long is Jeffs' Brands (JFBR) drone safety systems distribution agreement valid?

The exclusive distribution agreement is valid for two years, subject to certain conditions.

Where will Jeffs' Brands (JFBR) sell the drone safety systems?

The drone safety systems will be sold exclusively through Amazon's global marketplace.