Business
INEO Announces Corporate Update
Surrey, British Columbia--(Newsfile Corp. - March 31, 2025) - INEO Tech Corp. (TSXV: INEO) (OTC...
About this update from Ineo Tech Corp.
[{"type":"text","content":"INEO Announces Corporate UpdateSurrey, 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, 202...