Ineo Tech Stock Price, News & Analysis

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) has completed the second tranche of its non-brokered private placement, issuing 46,000,000 common shares at $0.05 per share to Coenda Investment Holdings Corp. This brings Coenda's total holdings to 60,000,000 shares, representing approximately 44% of INEO's outstanding shares. Coenda has committed to completing a final tranche of 20,000,000 shares by January 13, 2025. The proceeds will be used for general corporate purposes, including platform installation in retail operations, technology development, and working capital. Shareholders previously approved the share issuance and creation of a new control person at the October 11, 2024 meeting.

INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF), a provider of AI software solutions for retail analytics, loss prevention and in-store retail media, has appointed Kerem Akbas to its Board of Directors. Akbas, the founder and Chairman of Coenda Investments, brings strategic insight to accelerate INEO's growth.

Kyle Hall, CEO of INEO, expressed enthusiasm about Akbas joining during a pivotal time in the company's evolution. Akbas stated his excitement to work with INEO's talented team, highlighting the company's strong retail relationships and growth potential in retail media, RFID loss prevention, and AI software.

Greg Watkin, founder, President, and Chairman of INEO, noted that Akbas's addition comes as INEO is entering a period of rapid growth and expansion with retailers worldwide. The company's solutions are currently used by a growing list of top retailers, and INEO aims to execute existing contracts while expanding its customer base.

INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) has been granted US Patent number US D1,038,123 S for its dual screen INEO Welcoming System DUO, a technology that displays Retail Media advertising to customers entering retail stores. The patent, issued on August 6, 2024, is valid for 15 years and provides strong protection for INEO's innovative technology.

The INEO Welcoming System DUO features two large advertising screens and operates as both an Electronic Article Surveillance (EAS) loss prevention system and an in-store Retail Media device. It can detect and report RFID tags while operating in both 58KHz and 8.2MHz frequency spectrums. The system's unique design allows for effective EAS and RFID detection despite the electromagnetic interference typically caused by digital display screens.

INEO Tech Corp. presents its in-store retail media technology at the 2024 OAAA Media Conference, showcasing innovative advertising solutions for physical retail stores. Partnering with 41:10 Media, the company displays its patented Welcoming System, offering personalized and impactful advertising campaigns to engage consumers effectively. INEO's participation highlights its dedication to driving innovation in the retail media advertising sector.