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INEO Tech Corp. develops technology at the intersection of in-store retail media and loss prevention. Through INEO Solutions Inc., the company operates the INEO Media Network, a digital signage and retail analytics platform, and INEO Retail Media, which sells and manages advertising across in-store screens. Its patented integration of Electronic Article Surveillance pedestals with digital displays is designed to combine theft protection and media revenue within store entrance infrastructure.
Company news commonly covers commercial activity, customer and partner development, production readiness, advertising-network expansion, reseller and licensing matters, board and shareholder meeting updates, investor conference participation, and capital actions involving its common shares. INEO is headquartered in Surrey, British Columbia, and trades on the TSX Venture Exchange and the OTCQB.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has announced the appointment of Cameron Lawrence, CPA and MPAcc, to its Board of Directors and as Chair of the Company's Audit Committee. Lawrence brings significant experience in corporate strategy, finance, accounting, risk management and corporate governance from his previous roles as CEO of Newlab and CFO of GNC Holdings
The appointment comes as Dave Jaworski steps down from the Board of Directors for professional reasons. Greg Watkin, Chairman, President and Founder of INEO, expressed confidence that Lawrence's strong leadership and financial governance expertise will benefit both the company and its shareholders.
INEO Tech Corp (OTCQB: INEOF) provided a corporate update highlighting its recent expansion and strategic initiatives. The company announced a technology agreement with Sensormatic Solutions on January 13, 2025, licensing INEO's patents and manufacturing expertise for integrating Welcoming System technology with Sensormatic's loss prevention tools.
Key developments include signing a reseller agreement with Bon Intelligence Inc. in Turkey on January 31, 2025, resulting in installations at Bambi shoe retailer and a beauty supply retailer. The company also secured a UK retail presence with one complete Welcoming System installation and a commitment for 24 additional systems within 12 weeks.
In the US, INEO's Retail Media network has expanded to 171 Welcoming systems across 30 states, with 205 total advertising screens installed. The company restructured its Retail Media division management, now led by Amit Pannu, VP of Sales, replacing former lead Salim Tharani.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has announced the conversion of convertible debentures into common shares. Six parties, including one insider and five arm's length parties, have acquired a total of 6,201,975 shares through this conversion.
The conversion includes $462,000 of principal converted into 5,435,295 shares and $54,047 of accrued interest converted into 766,680 shares. The debentures, issued in January and February 2024, feature a conversion price of $0.085 per share for the first year and $0.10 thereafter until maturity. They carry a 12.0% annual interest rate with a three-year maturity period.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has announced that its Turkish reseller partner, Bon Intelligence, has secured an agreement with Bambi, a high fashion shoe retailer with 61 stores in Turkey, to implement INEO's in-store retail media technology across their locations.
Following a successful pilot installation in late 2024, the nationwide rollout began on February 10, 2025. The deployment includes strategically placed digital screens powered by INEO's AI-driven content management and programmatic ad engine, aimed at enhancing customer engagement and creating new revenue opportunities through digital marketing.
Additionally, INEO announced the resignation of Eugene Syho from its Board of Directors and granted 7,700,000 incentive stock options to employees, management, and Board members under the company's 10% rolling stock option plan approved in October 2024.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has signed a reseller agreement with Bon Intelligence Inc. to expand its presence in Turkey's retail market. The partnership allows Bon to market, sell and distribute INEO's loss prevention and retail media solutions throughout Turkey.
Under the agreement, Bon will introduce INEO's Welcoming System products, including the new INEO AI Secure technology, leveraging its established network of retailers, system integrators, and industry partners. The partnership aims to help Turkish retailers enhance security, reduce shrink, and generate new revenue through in-store digital advertising.
This strategic partnership marks a significant milestone in INEO's international expansion strategy, strengthening its footprint in the EMEA region and providing a foundation for future growth in additional international markets.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) announced that its Founder and Chairman, Greg Watkin, has converted his $106,000 convertible debenture into common shares. The debenture was part of a larger $570,000 convertible debt offering closed in two tranches on January 31 and February 16, 2024.
Additionally, another holder of $100,000 in convertible debt from the first tranche has also exercised their conversion rights. These conversions reduce the company's outstanding convertible debt from this offering to $364,000, strengthening INEO's financial position and providing more flexibility for growth opportunities.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has completed the final tranche of its $4M non-brokered private placement, issuing 20,000,000 common shares at $0.05 per share to Coenda Investment Holdings Corp. Following this transaction, Coenda now holds 80,000,000 shares, representing approximately 50.33% of INEO's outstanding shares, making it a new Control Person as approved by shareholders on October 11, 2024.
The shares issued in the final tranche are subject to a hold period expiring May 21, 2025. The company plans to use the proceeds for general corporate purposes, including the installation of the INEO platform and technology into retail operations, development and acquisition of new technology, and working capital. No finder's fees were paid in connection with the financing.
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has announced a strategic technology agreement with Sensormatic Solutions, a Johnson Controls company. The partnership will integrate INEO's patented Welcoming System technology with Sensormatic's loss prevention solutions.
Sensormatic Solutions will incorporate INEO's loss prevention and digital display technology into their storefront EAS and RFID-based exit systems. This integration aims to help retailers enhance customer engagement while reducing shrink and fighting organized retail crime. The combined solution will be showcased at Sensormatic's booth (#3523) during the 2025 NRF Big Show in New York City.
INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) has launched INEO AI Secure, a next-generation retail loss prevention system. The solution integrates advanced artificial intelligence capabilities with the patented INEO Welcoming System hardware to enhance theft detection accuracy at store exits.
The system combines machine learning algorithms, real-time analytics, and integrated EAS and RFID sensors to identify suspicious alarm events and potential theft incidents. Key features include AI-powered detection, customizable alerts, integrated analytics, seamless integration with existing systems, and an integrated edge and cloud-based platform.
Building on the company's INEO ORCA (Organized Retail Crime Alerts) offering, the Welcoming System utilizes dual detection technologies within its Welcoming Pedestal, incorporating both standard EAS frequencies and RFID. The system is designed to be adaptable to various retail environments, from small stores to large chains.
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.