Liberty Defense Holdings Ltd. (SCAN:TSX.V; LD2:FSE) announced that in a partnership arrangement, AMSOURCE Capital Ltd. will provide equipment finance and lease support to purchasers of the security solutions firm's HEXWAVE product.
AMSOURCE operates in the United States, Canada, Latin America and Europe, thus allowing for potential HEXWAVE sales financed by the lender in North America and globally.
Liberty Defense's management believes HEXWAVE will be priced competitively and its return on investment "compelling," the release noted. "However," Liberty CEO Bill Riker added, "when we were approached by AMSOURCE, we saw that there was an ability to facilitate the financing of HEXWAVE to remove the upfront costs to our customers and even make the investment thesis cash flow neutral or cash flow positive."
Ray Butler, CEO and president of AMSOURCE, commented, "AMSOURCE Capital is proud to have been selected as a strategic partner to provide equipment finance and lease support for Liberty Defense's customers. We are excited about the HEXWAVE technology and its upcoming launch and look forward to delivering creative financial solutions across all markets served by Liberty Defense."
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