Amsource to Provide Preferred Financing for Liberty Defense Customers
JUL 3, 2019 - 6:55 am
Amsource Capital became a preferred financing partner of Liberty Defense Holdings, a provider of security and concealed threat detection solutions, in order to facilitate large and small ticket leasing and financing for purchasers of Liberty’s 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 CEO.
Ray Butler, CEO and president of Amsource, commented, “Amsource 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.”
Liberty Defense 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.
Founded in 2000 by Butler and headquartered in Houston, Amsource Capital is a provider of equipment financing and leasing solutions. Since inception, the company has funded over $2.5 billion.
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