Ineo Tech - INEOF STOCK NEWS

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has signed a reseller agreement with Bon Intelligence Inc. to expand its presence in Turkey's retail market. The partnership allows Bon to market, sell and distribute INEO's loss prevention and retail media solutions throughout Turkey.

Under the agreement, Bon will introduce INEO's Welcoming System products, including the new INEO AI Secure technology, leveraging its established network of retailers, system integrators, and industry partners. The partnership aims to help Turkish retailers enhance security, reduce shrink, and generate new revenue through in-store digital advertising.

This strategic partnership marks a significant milestone in INEO's international expansion strategy, strengthening its footprint in the EMEA region and providing a foundation for future growth in additional international markets.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) announced that its Founder and Chairman, Greg Watkin, has converted his $106,000 convertible debenture into common shares. The debenture was part of a larger $570,000 convertible debt offering closed in two tranches on January 31 and February 16, 2024.

Additionally, another holder of $100,000 in convertible debt from the first tranche has also exercised their conversion rights. These conversions reduce the company's outstanding convertible debt from this offering to $364,000, strengthening INEO's financial position and providing more flexibility for growth opportunities.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has completed the final tranche of its $4M non-brokered private placement, issuing 20,000,000 common shares at $0.05 per share to Coenda Investment Holdings Corp. Following this transaction, Coenda now holds 80,000,000 shares, representing approximately 50.33% of INEO's outstanding shares, making it a new Control Person as approved by shareholders on October 11, 2024.

The shares issued in the final tranche are subject to a hold period expiring May 21, 2025. The company plans to use the proceeds for general corporate purposes, including the installation of the INEO platform and technology into retail operations, development and acquisition of new technology, and working capital. No finder's fees were paid in connection with the financing.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has announced a strategic technology agreement with Sensormatic Solutions, a Johnson Controls company. The partnership will integrate INEO's patented Welcoming System technology with Sensormatic's loss prevention solutions.

Sensormatic Solutions will incorporate INEO's loss prevention and digital display technology into their storefront EAS and RFID-based exit systems. This integration aims to help retailers enhance customer engagement while reducing shrink and fighting organized retail crime. The combined solution will be showcased at Sensormatic's booth (#3523) during the 2025 NRF Big Show in New York City.

INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) has launched INEO AI Secure, a next-generation retail loss prevention system. The solution integrates advanced artificial intelligence capabilities with the patented INEO Welcoming System hardware to enhance theft detection accuracy at store exits.

The system combines machine learning algorithms, real-time analytics, and integrated EAS and RFID sensors to identify suspicious alarm events and potential theft incidents. Key features include AI-powered detection, customizable alerts, integrated analytics, seamless integration with existing systems, and an integrated edge and cloud-based platform.

Building on the company's INEO ORCA (Organized Retail Crime Alerts) offering, the Welcoming System utilizes dual detection technologies within its Welcoming Pedestal, incorporating both standard EAS frequencies and RFID. The system is designed to be adaptable to various retail environments, from small stores to large chains.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has provided a corporate update highlighting significant growth initiatives. The company reported a 48% year-over-year growth in Retail Media revenue and secured $4 million in funding through Coenda Investment Holdings Corp.

The company is expanding its revenue streams through multiple channels: advertising sales, loss prevention products, INEO Welcoming System sales, licensing, and subscription-based services. The INEO Dashboard, powering the Welcoming System, will be a primary revenue driver, offering features like security event reporting, store traffic analytics, and AI-based consumer behavior insights.

INEO's network currently includes over 170 locations in a major U.S. retailer. The company is also revitalizing its loss prevention business and has secured three patents for its Welcoming System technology. Strategic focus in 2024 has been on key advertising markets like New York and Los Angeles.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has completed the second tranche of its non-brokered private placement, issuing 46,000,000 common shares at $0.05 per share to Coenda Investment Holdings Corp. This brings Coenda's total holdings to 60,000,000 shares, representing approximately 44% of INEO's outstanding shares. Coenda has committed to completing a final tranche of 20,000,000 shares by January 13, 2025. The proceeds will be used for general corporate purposes, including platform installation in retail operations, technology development, and working capital. Shareholders previously approved the share issuance and creation of a new control person at the October 11, 2024 meeting.

INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF), a provider of AI software solutions for retail analytics, loss prevention and in-store retail media, has appointed Kerem Akbas to its Board of Directors. Akbas, the founder and Chairman of Coenda Investments, brings strategic insight to accelerate INEO's growth.

Kyle Hall, CEO of INEO, expressed enthusiasm about Akbas joining during a pivotal time in the company's evolution. Akbas stated his excitement to work with INEO's talented team, highlighting the company's strong retail relationships and growth potential in retail media, RFID loss prevention, and AI software.

Greg Watkin, founder, President, and Chairman of INEO, noted that Akbas's addition comes as INEO is entering a period of rapid growth and expansion with retailers worldwide. The company's solutions are currently used by a growing list of top retailers, and INEO aims to execute existing contracts while expanding its customer base.

INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) has been granted US Patent number US D1,038,123 S for its dual screen INEO Welcoming System DUO, a technology that displays Retail Media advertising to customers entering retail stores. The patent, issued on August 6, 2024, is valid for 15 years and provides strong protection for INEO's innovative technology.

The INEO Welcoming System DUO features two large advertising screens and operates as both an Electronic Article Surveillance (EAS) loss prevention system and an in-store Retail Media device. It can detect and report RFID tags while operating in both 58KHz and 8.2MHz frequency spectrums. The system's unique design allows for effective EAS and RFID detection despite the electromagnetic interference typically caused by digital display screens.