Business
INEO Announces Distribution Letter of Intent with Prosegur, a Global Security Solutions Company
INEO Announces Distribution Letter of Intent with Prosegur, a Global Security Solutions C...
About this update from Ineo Tech Corp.
[{"type":"text","content":"\n \n \n \n INEO Announces Distribution Letter of Intent with Prosegur, a Global Security Solutions Company\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Prosegur to fund and install pilot systems in some of the world's largest retailers.\n \n \n \n \n \n \n \n SURREY, BC\n \n ,\n \n Jan. 7, 2021\n \n /CNW/ -\n \n INEO Tech Corp.\n \n (TSXV: INEO) (\"\n \n INEO\n \n \" or the \"\n \n Company\n \n \"), an innovative provider of location based digital advertising, data analytics and loss prevention solutions for retailers, is pleased to announce it has entered into a Letter of Intent (\"\n \n LOI\n \n \") with Prosegur EAS\n \n USA\n \n Inc., a wholly owned subsidiary of Prosegur Compania de Seguridad (collectively \"\n \n Prosegur\n \n \"), to distribute and install INEO's\n \n Welcoming Systems\n \n in Prosegur's retail customers in\n \n North America\n \n ,\n \n Latin America\n \n and\n \n Europe\n \n .  Headquartered in\n \n Madrid, Spain\n \n , Prosegur is a multi-national company who reported sales of approximately\n \n 4.2 billion Euros\n \n in 2019 while operating in 26 countries with over 160,000 employees offering global and comprehensive security solutions.\n \n \n \n \n \n \n \n \n \n Under the terms of the LOI, INEO grants Prosegur non-exclusive global distribution rights to secure, place and install the INEO\n \n Welcoming System\n \n within Prosegur's retail customers.  Prosegur will be responsible for the funding, manufacturing, distribution, in-store setup and in-store maintenance of INEO's\n \n Welcoming Systems.\n \n INEO will be responsible for online provisioning, operating, and managing of the INEO\n \n Welcoming Network\n \n in addition to providing location-based analytics to Prosegur and its retail clients for which INEO will receive a monthly recurring revenue fee.\n \n \n \"Prosegur has enormous reach into some of the largest retailers in the world and we are excited to launch our relationship with them,\" said\n \n Kyle Hall\n \n , CEO of INEO. 
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