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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. (OTCQB: INEOF) reported a 67% increase in year-over-year revenue and a 74% increase in gross profit for fiscal 2022, totaling $1.25M in revenue. The company achieved a remarkable 93% revenue growth in Q4 compared to Q4 2021. INEO has expanded its sales pipeline to over $40M in annual recurring revenue across 1,500 direct locations and 8,000 through its partnership with Prosegur, signaling substantial growth potential. INEO expects record revenue in fiscal 2023, supported by the expansion of its INEO Media Network.
INEO Tech Corp. has filed a Patent Cooperation Treaty (PCT) application to globally secure its proprietary technology. The core patent integrating digital media display with Electronic Article Surveillance (EAS) loss prevention technology has been granted in the U.S., Canada, and Europe. Recently, INEO also filed for a design patent for its INEO Welcoming GATE system, extending its protection to the U.S. and Europe. INEO's strategy aims to maintain an industry-leading position and monetize its innovative patents, with partnership support from Prosegur for patent defense against competitors.
INEO Tech Corp. (OTCQB: INEOF) announces significant advancements in its retail partnerships, expanding its presence with large US and Canadian retailers across over 1,500 store locations. Collaborations with distribution partner Prosegur have allowed commitments for pilot installations at over 8,000 locations in the US. The company aims to deploy its INEO Welcoming System at more than 1,000 sites, successfully piloted in Vancouver. With a sales pipeline exceeding $40 million in recurring revenue, INEO is poised for growth in retail media networks, integrating digital advertising with loss prevention systems.
INEO Tech Corp. has partnered with Adapt Media to market its Digital-Out-Of-Home (DOOH) advertising inventory for national advertising campaigns across Canada. This collaboration aims to enhance INEO's advertising pipeline by leveraging Adapt's established presence and experience in the Out-Of-Home advertising sector. INEO's Retail Media Network reaches over 2.4 million shoppers monthly through digital displays. The partnership is expected to broaden INEO's customer base and improve advertising revenues for both companies by utilizing their technology and expertise.
INEO Tech Corp. (TSX-V: INEO, OTCQB: INEOF) announced a significant increase in its sales pipeline, now exceeding $40 million in annual recurring revenue. This growth is attributed to active pilot programs with large retail chains across various sectors, including groceries and pharmacies. INEO expects to report record revenue growth of nearly 90% in Q4-2022 compared to Q4-2021. The company has successfully engaged over 30 major brands using its digital advertising solutions, enhancing advertising fill rates significantly. A corporate update webinar recording from July 27, 2022, is now available on their website.
INEO Tech Corp. has been granted a patent from the European Patent Office for its innovative INEO Welcoming System, a combination of Electronic Article Surveillance (EAS) and digital media display technology. This patent, protecting their technology in Europe, adds to existing patents in Canada and the U.S., enhancing INEO's competitive advantage in the retail sector. The technology aims to integrate advertising and theft prevention seamlessly, driving the company's SaaS-based revenue model. This milestone marks a significant step in INEO's global expansion strategy as it seeks to capture market share from larger EAS competitors.
INEO Tech Corp. (TSX-V: INEO; OTCQB: INEOF) has announced a programmatic partnership with Broadsign, enhancing its digital advertising capabilities. This collaboration allows advertisers to access INEO’s Media Network at retail locations, increasing ad space availability for targeted campaigns. CEO Kyle Hall emphasizes the revenue potential of this partnership, which positions INEO more prominently in the digital-out-of-home (DOOH) advertising market. The partnership will facilitate reaching consumers at critical buying moments, benefiting both advertisers and retailers.
INEO Tech Corp. announced impressive preliminary results, expecting record revenue for Q4-2022 and the fiscal year ending June 30, 2022. The company reported a remarkable 90% growth year-over-year for Q4-2022, with its sales pipeline climbing to approximately $40 million in annual recurring revenue. INEO's advertising fill rates have also increased significantly, showcasing its growing popularity among brands. CEO Kyle Hall emphasized that INEO has remained resilient amidst economic challenges, with new retail pilot systems being installed, enhancing its business outlook.
INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) announced a significant advertising campaign in collaboration with Return-It and Western Media Group. This initiative marks the largest campaign for INEO to date, leveraging its in-store media network to provide advertisers access to both online and in-store customers. CEO Kyle Hall noted the growing importance of retail media networks in digital marketing. The partnership aims to enhance advertising fill rates and increase revenues in the second half of 2022, signifying strong market validation for INEO's business model.
INEO Tech Corp. has filed a design patent for the world’s first dual screen loss prevention and advertising system, the INEO Welcoming System DUO, aimed at enhancing retail security and advertising efficiency. This dual-sided pedestal integrates two LED screens and an Electronic Article Surveillance (EAS) system, making it ideal for large retailers. Following a successful showcase at the NRF Protect 2022 Conference, the product has garnered interest for pilot installations with major retail chains. This strategic move positions INEO for global expansion in the digital advertising sector.