INEO Announces Corporate Update
INEO Tech Corp (OTCQB: INEOF) provided a corporate update highlighting its recent expansion and strategic initiatives. The company announced a technology agreement with Sensormatic Solutions on January 13, 2025, licensing INEO's patents and manufacturing expertise for integrating Welcoming System technology with Sensormatic's loss prevention tools.
Key developments include signing a reseller agreement with Bon Intelligence Inc. in Turkey on January 31, 2025, resulting in installations at Bambi shoe retailer and a beauty supply retailer. The company also secured a UK retail presence with one complete Welcoming System installation and a commitment for 24 additional systems within 12 weeks.
In the US, INEO's Retail Media network has expanded to 171 Welcoming systems across 30 states, with 205 total advertising screens installed. The company restructured its Retail Media division management, now led by Amit Pannu, VP of Sales, replacing former lead Salim Tharani.
INEO Tech Corp (OTCQB: INEOF) ha fornito un aggiornamento aziendale evidenziando la sua recente espansione e le iniziative strategiche. L'azienda ha annunciato un accordo tecnologico con Sensormatic Solutions il 13 gennaio 2025, concedendo in licenza i brevetti di INEO e l'expertise nella produzione per integrare la tecnologia del Sistema di Accoglienza con gli strumenti di prevenzione delle perdite di Sensormatic.
Sviluppi chiave includono la firma di un accordo di rivendita con Bon Intelligence Inc. in Turchia il 31 gennaio 2025, che ha portato a installazioni presso il rivenditore di scarpe Bambi e un rivenditore di forniture per la bellezza. L'azienda ha anche garantito una presenza nel mercato al dettaglio del Regno Unito con un'installazione completa del Sistema di Accoglienza e un impegno per ulteriori 24 sistemi entro 12 settimane.
Negli Stati Uniti, la rete Retail Media di INEO si è espansa a 171 sistemi di accoglienza in 30 stati, con un totale di 205 schermi pubblicitari installati. L'azienda ha ristrutturato la gestione della sua divisione Retail Media, ora guidata da Amit Pannu, VP delle Vendite, che sostituisce l'ex responsabile Salim Tharani.
INEO Tech Corp (OTCQB: INEOF) proporcionó una actualización corporativa destacando su reciente expansión e iniciativas estratégicas. La compañía anunció un acuerdo tecnológico con Sensormatic Solutions el 13 de enero de 2025, licenciando las patentes de INEO y su experiencia en manufactura para integrar la tecnología del Sistema de Bienvenida con las herramientas de prevención de pérdidas de Sensormatic.
Los desarrollos clave incluyen la firma de un acuerdo de reventa con Bon Intelligence Inc. en Turquía el 31 de enero de 2025, lo que resultó en instalaciones en el minorista de zapatos Bambi y un minorista de suministros de belleza. La compañía también aseguró una presencia en el comercio minorista del Reino Unido con una instalación completa del Sistema de Bienvenida y un compromiso para 24 sistemas adicionales en 12 semanas.
En los Estados Unidos, la red de Retail Media de INEO se ha expandido a 171 sistemas de bienvenida en 30 estados, con un total de 205 pantallas publicitarias instaladas. La compañía reestructuró la gestión de su división de Retail Media, ahora liderada por Amit Pannu, VP de Ventas, reemplazando al ex líder Salim Tharani.
INEO Tech Corp (OTCQB: INEOF)는 최근 확장 및 전략적 이니셔티브를 강조하는 기업 업데이트를 제공했습니다. 회사는 2025년 1월 13일 Sensormatic Solutions와 기술 계약을 발표하며 INEO의 특허 및 제조 전문 지식을 라이센스하여 Welcoming System 기술을 Sensormatic의 손실 방지 도구와 통합하기로 했습니다.
주요 발전 사항으로는 2025년 1월 31일 터키의 Bon Intelligence Inc.와 리셀러 계약을 체결하여 Bambi 신발 소매업체와 미용 용품 소매업체에 설치가 이루어졌습니다. 회사는 또한 영국 소매 시장에 Welcoming System의 완전 설치와 12주 이내에 추가 24개 시스템에 대한 약속을 확보했습니다.
미국에서는 INEO의 Retail Media 네트워크가 30개 주에서 171 Welcoming 시스템으로 확장되었으며, 총 205개의 광고 화면이 설치되었습니다. 회사는 Retail Media 부서의 관리 구조를 재편성하였으며, 현재 Amit Pannu가 판매 부사장으로 이끌고 있습니다. 그는 이전 책임자인 Salim Tharani를 대체했습니다.
INEO Tech Corp (OTCQB: INEOF) a fourni une mise à jour d'entreprise soulignant son expansion récente et ses initiatives stratégiques. L'entreprise a annoncé un accord technologique avec Sensormatic Solutions le 13 janvier 2025, licenciant les brevets d'INEO et son expertise en fabrication pour intégrer la technologie du Système d'Accueil avec les outils de prévention des pertes de Sensormatic.
Les développements clés incluent la signature d'un accord de revente avec Bon Intelligence Inc. en Turquie le 31 janvier 2025, ce qui a entraîné des installations chez le détaillant de chaussures Bambi et un détaillant de fournitures de beauté. L'entreprise a également sécurisé une présence dans le commerce de détail au Royaume-Uni avec une installation complète du Système d'Accueil et un engagement pour 24 systèmes supplémentaires dans les 12 semaines.
Aux États-Unis, le réseau Retail Media d'INEO s'est étendu à 171 systèmes d'accueil dans 30 États, avec un total de 205 écrans publicitaires installés. L'entreprise a restructuré la direction de sa division Retail Media, désormais dirigée par Amit Pannu, VP des Ventes, remplaçant l'ancien responsable Salim Tharani.
INEO Tech Corp (OTCQB: INEOF) hat ein Unternehmensupdate bereitgestellt, das die jüngste Expansion und strategische Initiativen hervorhebt. Das Unternehmen gab am 13. Januar 2025 eine Technologievereinbarung mit Sensormatic Solutions bekannt, die INEOs Patente und Fertigungskompetenz lizenziert, um die Technologie des Willkommenssystems mit den Verlustpräventionswerkzeugen von Sensormatic zu integrieren.
Zu den wichtigsten Entwicklungen gehört die Unterzeichnung eines Wiederverkäufervertrags mit Bon Intelligence Inc. in der Türkei am 31. Januar 2025, was zu Installationen beim Schuhhändler Bambi und einem Einzelhändler für Schönheitsbedarf führte. Das Unternehmen sicherte sich auch eine Präsenz im Einzelhandel im Vereinigten Königreich mit einer vollständigen Installation des Willkommenssystems und einem Engagement für 24 weitere Systeme innerhalb von 12 Wochen.
In den USA hat sich das Retail Media-Netzwerk von INEO auf 171 Willkommenssysteme in 30 Bundesstaaten erweitert, mit insgesamt 205 installierten Werbebildschirmen. Das Unternehmen hat die Leitung seiner Retail Media-Abteilung umstrukturiert, die jetzt von Amit Pannu, VP für Vertrieb, geleitet wird, der den ehemaligen Leiter Salim Tharani ersetzt.
- Strategic technology agreement with Sensormatic Solutions for patent licensing and system integration
- International market expansion with installations in UK and Turkey
- Secured commitment for 24 system installations from UK retailer
- Growing US presence with 171 Welcoming Systems and 205 advertising screens across 30 states
- Potential tariff concerns mentioned, though currently not measurably affecting operations
- Management restructuring in Retail Media division indicating organizational changes
Surrey, British Columbia--(Newsfile Corp. - March 31, 2025) - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), a leading provider of loss prevention and in-store retail media, today delivers a corporate update.
"INEO has had a strong start to the year in terms of deals and relationships, which will provide strength to the business going forward," said Kyle Hall, CEO of INEO. "Founder, President and Chairman, Greg Watkin, and I have both been to several trade shows with our key partners in the US and in Europe while also visiting new customers and prospects in each market. This has resulted in our first installs of INEO Welcoming Systems in the UK and in Turkey. New sales presentations are happening across the US as our new partner there ramps up activity. Tariffs are a potential concern but not affecting us in any measurable way. Having our European and UK initiatives launched will give us some degree of diversification away from the US market."
Recapping some of the most recent Company initiatives is as follows:
On January 13, 2025, the Company announced a strategic technology agreement with Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls. The agreement is for a license to INEO's patents and manufacturing know-how, and the collaboration will integrate INEO's patented Welcoming System technology with Sensormatic Solutions' industry-leading loss prevention tools. INEO demonstrated its Welcoming System as part of the Sensormatic Solutions showcase during major retail trade shows in New York City and Dusseldorf, Germany earlier this year as well. INEO has sold complete INEO Welcoming Systems to Sensormatic Solutions for use in pilots and demonstration sites.
On January 31, 2025 the Company announced it signed a reseller agreement with Bon Intelligence Inc., a provider of AI driven retail analytics in Turkey. This agreement marked a significant milestone in INEO's international expansion strategy, bringing its advanced technology to one of the most dynamic retail markets in the world. Bon has since installed INEO systems at two leading Turkish retailers. Bon has installed multiple INEO signage systems in Bambi, a high fashion shoe retailer, and has deployed a full INEO Welcoming System in a leading beauty supply retailer.
On March 5, 2025 INEO installed a complete INEO Welcoming System at the head of office location of a large UK retailer and has a commitment for 24 systems to be installed in their stores in approximately 12 weeks time. More details will be released at that time.
INEO's Retail Media network within it's key US-based office supply store customer now has 171 INEO Welcoming systems installed in stores covering over 30 states. In the key southern California media market INEO has over 40 locations installed. Furthermore, INEO is now installing at least three additional screens per store and has a total of 205 screens installed and available for advertising. INEO has changed the management structure of INEO Retail Media to bring it in line with the Company's core objectives. Former INEO Retail Media lead, Salim Tharani via his company 1114270 B.C. LTD, is no longer associated with INEO. INEO's Retail Media division is now being led by Amit Pannu, INEO's VP of Sales. Additionally, INEO has entered into an agreement with Morgan Creek Communications inc. to provide Investor Relations services for the Company.
"INEO remains committed to driving value and executing our core strategic priorities," said Greg Watkin, Founder, President and Chairman of INEO. "We are making strong progress in three key areas: supporting our sales channel partners in deploying INEO products and technology; expanding our office supply store advertising network; and expanding our direct channel reach by securing additional retail customers into our recurring revenue programs."
Per: "Kyle Hall"
Kyle Hall, Chief Executive Officer and Director,
About INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF)
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., operates the INEO Media Network, a digital advertising and analytics solution for retailers. INEO's patented technology integrates and monetizes digital screens with theft detection sensor gates at the entrance of retail stores. The Company's cloud-based platform uses IoT (Internet of Things) and AI (Artificial Intelligence) technology to deliver customized digital advertising to each retail location based on the demographic mix of customer traffic at each location. The Company also deploys the INEO Welcoming Network technology through a SaaS-based solution to larger retail chains. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol "INEO" and on the OTCQB-Venture Market under the symbol "INEOF".
For more information please visit:
Websites: www.ineosolutionsinc.com
www.ineoretailmedia.com
LinkedIn: www.linkedin.com/company/ineosolutions
Future-Oriented Financial Information
To the extent any forward-looking statements in this press release may constitute future-oriented financial information or financial outlooks within the meaning of securities laws, such information is being provided to demonstrate the potential financial performance of INEO and readers are cautioned that this information may not be appropriate for and should not be used for any other purpose and that they should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking information generally, are, without limitation, based on the assumptions and subject to the risks set out below under "Forward-Looking Statements".
Forward-Looking Statements
Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Company may not be accurate or complete and should not be relied upon. Trading in securities of the Company should be considered highly speculative.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors - including the availability of funds, acceptance of the Company's products, competition, and general market conditions - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed on SEDAR, including the Annual Information Form for the year ended June 30, 2022 filed on SEDAR on November 4, 2022. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Ben Sears
Morgan Creek Communications Inc.
investor@ineosolutionsinc.com
250-879-0872
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246699
FAQ
What is the scope of INEO's (INEOF) recent expansion in the UK market?
How many INEO Welcoming Systems are currently installed in the US retail network?
What are the details of INEO's (INEOF) partnership with Sensormatic Solutions?
What progress has INEO made in the Turkish market through Bon Intelligence partnership?
