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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. (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.
INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) has announced the launch of its latest technology, the INEO Welcoming System DUO, designed to enhance retail signage and theft protection. This dual-screen system will debut at the NRF Protect 2022 Conference. The DUO maintains the effectiveness of the original Welcoming System while integrating two digital displays without compromising loss prevention capabilities. This development addresses requests from larger national and international retailers aiming for improved customer engagement through targeted digital advertising.
INEO Tech Corp. (TSX-V: INEO, OTCQB: INEOF) has signed a Master Services Agreement with Staples, setting the stage for expansion into over 1,000 Staples retail locations across the United States. Currently, INEO has installed 26 INEO GATE systems in 12 Staples stores across 11 states. This partnership enables Staples to purchase INEO products, including traditional EAS systems and the INEO Welcoming System, enhancing their digital advertising and analytics capabilities.
INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) will participate in NRF Protect 2022 from June 21-23, 2022, in Cleveland, OH. The event focuses on retail security, attracting industry professionals to discuss loss prevention and digital fraud. CEO Kyle Hall will represent INEO at the Prosegur Security booth, showcasing the Welcoming System demo. INEO is recognized for its digital advertising and analytics solutions that integrate IoT and AI technologies for retailers. The company operates from Surrey, Canada, delivering customized advertising based on customer demographics.
INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) has partnered with Western Media Group to enhance advertising sales for its INEO Media Network. This collaboration will leverage Western Media's national expertise in digital advertising to market INEO's digital-out-of-home inventory, reaching over 2.4 million shoppers monthly at retail entrances. The partnership is expected to boost advertising revenue through targeted placements and established relationships with brands and advertisers across North America.