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INEO Announces the Sale of Welcoming Systems to Prosegur for delivery to Jumbo Cencosud
INEO Announces the Sale of Welcoming Systems to Prosegur for delivery to Jumbo Cencosud ...
About this update from Ineo Tech Corp.
[{"type":"text","content":"\n \n \n \n INEO Announces the Sale of Welcoming Systems to Prosegur for delivery to Jumbo Cencosud\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Expansion within\n \n Latin America\n \n with one of the largest South American grocery retailers\n \n \n \n \n INEO will be delivering an in-store retail media network with multiple systems to be installed in each store location\n \n \n \n \n \n \n SURREY, BC\n \n \n ,\n \n \n Oct. 24, 2023\n \n \n /CNW/ -\n \n INEO Tech Corp.\n \n (TSXV: INEO) (OTCQB: INEOF) (the \"\n \n Company\n \n \" or \"\n \n INEO\n \n \"), the developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, is pleased to announce it has shipped the first INEO Welcoming Systems, as per the Company's distribution agreement with partner Prosegur Security (\"\n \n Prosegur\n \n \"), for installation at various locations of Jumbo Cencosud (\"\n \n Jumbo\n \n \") in\n \n Colombia\n \n . As per the agreement, before the end of October, INEO will be selling and shipping a total of 59 systems, comprised of both Welcoming Systems and Welcoming GATEs, which will be installed in four Jumbo retail locations. With approximately 15 systems installed per store, INEO will be managing an immersive in-store retail media network. INEO will receive revenue from the sale of the systems as well as ongoing SaaS based revenues from the deployment of the installed INEO Welcoming Systems.\n \n \n \n \n \n \n \n \n \n Jumbo Cencosud, a subsidiary of Cencosud, is a supermarket chain which operates in several countries in\n \n Latin America\n \n , including\n \n Argentina\n \n ,\n \n Brazil\n \n ,\n \n Chile\n \n ,\n \n Colombia\n \n , and\n \n Peru\n \n . The Jumbo retail chain offers a wide range of products, including groceries, household items, electronics, clothing, etc., and operates over 300 stores across\n \n South America\n \n . Jumbo is owned by Cencosud, one of the largest and most prominent retail conglomerates in\n \n South America\n \n , which also owns and operates addi...