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Amsource Capital Selected by Liberty Defense as Preferred Financing Partner

July 03, 2019, 07:20 AM
Filed Under: Program Agreements

Liberty Defense Holdings Ltd., a leader in security and concealed threat detection solutions, announced Amsource Capital Ltd. as a preferred financing partner, to facilitate large and small ticket leasing and financing for purchasers of its HEXWAVE product.

Liberty's commitment to ensuring safety and peace of mind in communities has led the company to explore financing solutions for prospective clients. Amsource has the capacity to facilitate purchases and leases to provide Liberty's clients with the opportunity to procure HEXWAVE and the flexibility to secure their premises without incurring any upfront financial costs.

Amsource operates in the U.S., Canada, Latin America, and Europe, allowing for access to these markets and facilitating purchases both in North America and internationally.

"We are committed to providing our future customers with access to the latest technologies to ensure that their patrons have the best and safest possible experience. We believe that HEXWAVE will be priced very competitively, compared to existing technologies, and that the return on investment will be compelling. However, 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 cashflow neutral, or on cashflow positive (based on the ability to reduce operating costs). It was too good of an opportunity to pass up. We welcome being able to partner with such as significant player in the financing arena as we bring HEXWAVE to market," said Bill Riker, Liberty's CEO.

Ray Butler, CEO and President of Amsource, commented: "Amsource Capital, Ltd. 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."

Amsource Capital is headquartered in Houston, TX, and was founded in 2000 by President and CEO Stennis Ray Butler. Since inception Amsource has funded over $2.5 billion. Operations were originally focused on the US market but have since expanded to Canada, Europe and Latin America. Amsouce's lending space has also increased from the original core markets of the construction, crane, helicopter, marine, and trucking industries, to now include aircraft, healthcare, heavy haul, high technology, hospitality, manufacturing, real estate, rail car and security detection.

Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement, for patents related to active 3D radar imaging technology that are packaged into the HEXWAVE product.

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