INEO Provides Corporate Update
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) ha fornito un aggiornamento aziendale evidenziando iniziative di crescita significative. L'azienda ha registrato una crescita del 48% anno su anno nei ricavi della Retail Media e ha ottenuto 4 milioni di dollari di finanziamenti tramite Coenda Investment Holdings Corp.
L'azienda sta espandendo i propri flussi di entrate attraverso molteplici canali: vendite pubblicitarie, prodotti per la prevenzione delle perdite, vendite del Sistema di Accoglienza INEO, licenze e servizi in abbonamento. Il Dashboard INEO, che alimenta il Sistema di Accoglienza, sarà un motore principale di entrate, offrendo funzionalità come la segnalazione di eventi di sicurezza, analisi del traffico dei negozi e approfondimenti sul comportamento dei consumatori basati sull'AI.
La rete di INEO include attualmente oltre 170 sedi in un importante rivenditore negli Stati Uniti. L'azienda sta anche rivitalizzando il proprio business di prevenzione delle perdite e ha ottenuto tre brevetti per la tecnologia del Sistema di Accoglienza. L'obiettivo strategico per il 2024 si è concentrato su mercati pubblicitari chiave come New York e Los Angeles.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) ha proporcionado una actualización corporativa que destaca iniciativas de crecimiento significativas. La compañía reportó un crecimiento del 48% interanual en los ingresos de Retail Media y aseguró 4 millones de dólares en financiamiento a través de Coenda Investment Holdings Corp.
La compañía está ampliando sus fuentes de ingresos a través de múltiples canales: ventas publicitarias, productos de prevención de pérdidas, ventas del Sistema de Bienvenida INEO, licencias y servicios basados en suscripción. El Dashboard INEO, que potencia el Sistema de Bienvenida, será un motor clave de ingresos, ofreciendo características como informes de eventos de seguridad, análisis de tráfico en tiendas y conocimientos sobre el comportamiento del consumidor basados en IA.
La red de INEO actualmente incluye más de 170 ubicaciones en un importante minorista de EE. UU. La compañía también está revitalizando su negocio de prevención de pérdidas y ha asegurado tres patentes para su tecnología del Sistema de Bienvenida. El enfoque estratégico en 2024 se ha centrado en mercados publicitarios clave como Nueva York y Los Ángeles.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF)는 중요한 성장 계획을 강조하는 기업 업데이트를 제공했습니다. 회사는 소매 미디어 수익에서 전년 대비 48% 성장을 보고했으며 Coenda Investment Holdings Corp.를 통해 400만 달러의 자금을 확보했습니다.
회사는 광고 판매, 손실 방지 제품, INEO 웰컴 시스템 판매, 라이센스 및 구독 기반 서비스와 같은 여러 채널을 통해 수익원을 확장하고 있습니다. 웰컴 시스템을 지원하는 INEO 대시보드는 보안 이벤트 보고, 매장 트래픽 분석, AI 기반 소비자 행동 통찰력과 같은 기능들을 제공하면서 주요 수익원으로 자리잡을 것입니다.
INEO의 네트워크는 현재 미국의 주요 소매업체에서 170개 이상의 장소를 포함하고 있습니다. 회사는 손실 방지 사업도 활성화하고 있으며 웰컴 시스템 기술에 대해 세 개의 특허를 확보했습니다. 2024년의 전략적 초점은 뉴욕과 로스앤젤레스를 포함한 주요 광고 시장에 맞춰져 있습니다.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) a fourni une mise à jour d'entreprise mettant en lumière des initiatives de croissance significatives. L'entreprise a rapporté une croissance de 48% d'une année sur l'autre de ses revenus dans le domaine des médias de détail et a sécurisé 4 millions de dollars de financement par le biais de Coenda Investment Holdings Corp.
L'entreprise élargit ses sources de revenus à travers de multiples canaux : ventes publicitaires, produits de prévention des pertes, ventes du Système d'Accueil INEO, licences et services par abonnement. Le tableau de bord INEO, qui alimente le Système d'Accueil, sera un moteur principal de revenus, offrant des fonctionnalités telles que la signalisation d'événements de sécurité, l'analyse du trafic en magasin et des aperçus du comportement des consommateurs basés sur l'IA.
Le réseau d'INEO comprend actuellement plus de 170 sites chez un grand détaillant américain. L'entreprise revitalise également son activité de prévention des pertes et a obtenu trois brevets pour sa technologie de Système d'Accueil. L'accent stratégique pour 2024 a été mis sur des marchés publicitaires clés tels que New York et Los Angeles.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) hat ein Unternehmensupdate bereitgestellt, das bedeutende Wachstumsinitiativen hervorhebt. Das Unternehmen berichtete von einem Wachstum von 48% im Vergleich zum Vorjahr bei den Einnahmen aus Retail Media und sicherte sich 4 Millionen US-Dollar an Finanzmitteln durch Coenda Investment Holdings Corp.
Das Unternehmen erweitert seine Einnahmequellen über verschiedene Kanäle: Werbung, Produkte zur Verlustprävention, Verkäufe des INEO Begrüßungssystems, Lizenzen und abonnementbasierte Dienstleistungen. Das INEO Dashboard, das das Begrüßungssystem unterstützt, wird eine primäre Einnahmequelle sein und Funktionen wie die Berichterstattung über Sicherheitsereignisse, Verkaufsanalysen und KI-gestützte Einblicke in das Verbraucherverhalten anbieten.
Das Netzwerk von INEO umfasst derzeit über 170 Standorte bei einem großen Einzelhändler in den USA. Das Unternehmen revitalisiert auch sein Geschäft zur Verlustprävention und hat drei Patente für seine Technologie des Begrüßungssystems sichergestellt. Der strategische Fokus im Jahr 2024 liegt auf wichtigen Werbemärkten wie New York und Los Angeles.
- 48% year-over-year growth in Retail Media revenue
- Secured $4 million in funding to scale operations
- Network expansion to over 170 locations in major U.S. retailer
- Secured three patents for Welcoming System technology
- Launch of new revenue streams through licensing and subscriptions
- None.
INEO Expanding Revenue Streams with Strategic Partnerships and Advanced AI Solutions
Surrey, British Columbia--(Newsfile Corp. - January 7, 2025) - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), a leader in Retail Media, Loss Prevention, and Analytics, is pleased to provide a corporate update highlighting its ongoing growth initiatives and advancements.
Positioned for Growth in 2025
"2024 was a pivotal year where we raised capital and positioned INEO for accelerated growth in our core markets," stated Kyle Hall, CEO of INEO. "Our Retail Media revenue saw year-over-year growth of
INEO is building a diversified revenue model encompassing advertising sales, loss prevention products, INEO Welcoming System sales and licensing and subscription-based services. By leveraging these streams, the Company will concentrate resources on advancing its AI-driven features, including real-time analytics and enhanced loss prevention capabilities. INEO anticipates announcing key partnerships in the near future to further support its strategy.
INEO Expanding Revenue Streams with Strategic Partnerships and Advanced AI Solutions
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Key Initiatives Update
1. Financing Success
INEO secured
2. Subscription Revenue - NEW
The INEO Dashboard, the advanced online platform powering the INEO Welcoming System, will become a primary revenue driver. Centralizing retail management's workflow into a single portal, the Dashboard sets INEO apart from competitors. Offering capabilities such as seamless over-the-air updates to in-store infrastructure, security event reporting with multi-angle video, store traffic analytics and AI-based insights into consumer behaviour, organized retail crime alerts (ORCA) and real-time content management, the Dashboard is the cornerstone of INEO's new subscription-based revenue model.
3. Licensing Opportunities - NEW
To fuel subscription revenue INEO is launching a new initiative of licensing the INEO technology to strategic partners for them to manufacturer and sell the INEO Welcoming System under their own label. Additionally, INEO is creating variations of products in the Welcoming System such as standalone traffic counting systems to license and sell. All systems sold by INEO, or licensed to other manufacturers, will need to connect to the INEO Dashboard enabling large-scale licensing opportunities which INEO anticipates announcing soon.
4. INEO Welcoming Network - EXPANDING
INEO continues to deploy its cutting-edge Welcoming Systems across its growing in-store Retail Media network. Currently, the network features over 170 locations in a major U.S. retailer with the INEO Welcoming System at entrances/exits and additional screens in key high-traffic areas. These deployments establish one of the most comprehensive in-store media networks in North America, with uniquely high-visibility and high-value locations for advertisers. The strategic focus of the expansion in 2024 provided better coverage in key advertising markets such as New York and Los Angeles, and this focus along with the Company's expanding footprint will enable dynamic advertising opportunities.
5. Retail Media Momentum - EXPANDING
The launch of INEO Retail Media in late 2023 has already demonstrated strong growth, with substantial sales increases in the Company's Canadian liquor store network and U.S. business supply retailer partner. With a robust foundation of advertising sales partners, agencies and programmatic platforms, INEO has cultivated strong sales relationships with leading advertisers and national brands across a variety of markets. INEO has proven the network's success with these national brands, and the brands have signed repeat contracts with increased budgets. INEO anticipates accelerating growth as more screens are deployed.
6. Revitalizing Loss Prevention Sales - EXPANDING
INEO is reinvigorating its tag and label business after a strategic shift in focus during 2024. With new partners and the relaunch of its e-commerce platforms, including www.securitytags.com and www.securitytagswholesale.com, INEO expects renewed growth in this high-demand category.
Innovating for the Future
INEO's Welcoming System combines advanced AI and Retail Media advertising with market-leading RFID and EAS (Electronic Article Surveillance) technology, ensuring retailers benefit from state-of-the-art loss prevention solutions, new revenue streams and operational insights. The Company's unique integration of media, analytics and technology positions it to lead in an evolving retail landscape. INEO has secured three patents for its INEO Welcoming System technology and has developed a trove of trade secrets which is increasing demand for the Company's offerings.
INEO Tech Corp.
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, and INEO Retail Media, an advertising sales provider for in-store retail media. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol "INEO" and on the OTCQB under the symbol "INEOF".
For more information please visit:
Websites:
www.ineosolutionsinc.com
www.ineoretailmedia.com
LinkedIn:
www.linkedin.com/company/ineosolutions
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:
Kyle Hall
CEO, INEO Tech Corp.
604-244-1895
investor@ineosolutionsinc.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236267
FAQ
What was INEO's (INEOF) Retail Media revenue growth in 2024?
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How many retail locations does INEO's (INEOF) Welcoming System network currently have?
What are the new revenue streams INEO (INEOF) is developing for 2025?
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