Surrey, British Columbia--(Newsfile Corp. - June 3, 2025) - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) ("INEO" or the "Company"), a leader in retail media, loss prevention and analytics, announces the latest advancements in its AI-powered loss prevention technology plus an update on strategic partnerships to drive global expansion.
Innovative AI-Powered Loss Prevention Technology
INEO has successfully completed the latest phase in the development of its INEO AI Secure technology, integrated into the patented INEO Welcoming System. This new solution was first announced in January 2025 at the NRF show in New York. The solution leverages artificial intelligence, computer vision and machine learning to enhance retail security, combat organized retail crime and deliver real-time analytics. The system provides retailers with the capabilities to reduce shrink, detect suspicious activities and optimize in-store operations, setting a new standard in loss prevention capabilities.
Strategic Partnership with Bon Intelligence and discussions with large Turkish Electronics Manufacturer
INEO's partner, Bon Intelligence Inc., a subsidiary of Coenda Investments Holding Corp., is in discussions with a global leader in technology manufacturing, based in Turkey, to explore mass production opportunities for INEO's Welcoming System. This partner featured INEO's Welcoming System prominently on its stand at the recent Retail Days tradeshow in Istanbul. This collaboration will build on INEO's successful reseller agreement with Bon Intelligence, announced on January 31, 2025, which has already led to deployments with leading Turkish retailer, Bambi, and a beauty supply chain. A partnership with a large electronics manufacturer marks a pivotal step toward scaling INEO's innovative solutions for global retail markets, ensuring high-quality production and broader accessibility.
Positioning as an AI Solution Developer for Retail
INEO is firmly establishing itself as a premier AI solution developer for the retail industry. By integrating advanced AI capabilities into its Welcoming System and cloud-based INEO Dashboard, the Company delivers a unified platform which combines loss prevention, digital advertising and real-time analytics. The INEO Dashboard, a cornerstone of the Company's subscription-based revenue model, centralizes retail management workflows for loss prevention and in-store marketing teams, offering seamless content management, multi-angle video security reporting and AI-driven consumer behavior insights. INEO's focus on software innovation and subscription services positions it to define a new standard for retail security and capitalize on the growing demand for data-driven retail solutions.
Global Expansion and Subscription Revenue Focus
With strategic partnerships, including Bon Intelligence in Turkey and its global agreement with the world's largest retail loss prevention company first announced in January 2025, INEO is working on expanding its international footprint. The Company has deployed over 175 Welcoming Systems across a major U.S. retailer and secured commitments for additional installations in the UK, Turkey and the US with other retailers. INEO's diversified revenue model, encompassing advertising sales, system licensing and subscription-based services, is designed to drive sustainable growth. The Company anticipates growing the subscription revenue from the INEO Dashboard as it licenses its technology to strategic partners for manufacturing and distribution under their own brands.
Commitment to Ongoing Innovation
INEO remains dedicated to advancing its AI-driven features, including predictive analytics, real-time content management and enhanced loss prevention capabilities. The Company's recent launch of INEO ORCA (Organized Retail Crime Alerts) exemplifies its commitment to staying ahead of evolving retail security challenges. By continuing to invest in its core intellectual property and AI offerings, INEO is poised to deliver new solutions which empower retailers to enhance customer engagement, reduce losses and maximize profitability.
"INEO is no longer just a pioneering loss prevention hardware provider - we're a full-featured software platform for global retail operations," said Kyle Hall, CEO of INEO. "Our partnerships with Bon Intelligence and their discussions with large manufacturing partners, combined with our focus on subscription revenue and ongoing innovation, position INEO for growth in 2025 and beyond. We are committed to transforming retail environments with technology which drives security, engagement and profitability."
About INEO Tech Corp.
INEO Tech Corp., through its wholly-owned subsidiary INEO Solutions Inc., operates the INEO Media Network, a digital advertising and analytics solution for retailers, and INEO Retail Media, an advertising sales provider for in-store retail media. INEO's patented technology integrates digital screens with theft detection systems, delivering targeted advertising and advanced loss prevention capabilities. Headquartered in Surrey, Canada, INEO is publicly traded on the TSX-Venture Exchange under the symbol "INEO" and on the OTCQB under the symbol "INEOF."
For more information please visit:
Websites:
www.ineosolutionsinc.com
www.ineoretailmedia.com
LinkedIn:
www.linkedin.com/company/ineosolutions
Future-Oriented Financial Information
To the extent any forward-looking statements in this press release may constitute future-oriented financial information or financial outlooks within the meaning of securities laws, such information is being provided to demonstrate the potential financial performance of INEO and readers are cautioned that this information may not be appropriate for and should not be used for any other purpose and that they should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking information generally, are, without limitation, based on the assumptions and subject to the risks set out below under "Forward-Looking Statements".
Forward-Looking Statements
Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Company may not be accurate or complete and should not be relied upon. Trading in securities of the Company should be considered highly speculative.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors - including the availability of funds, acceptance of the Company's products, competition, and general market conditions - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed on SEDAR, including the Annual Information Form for the year ended June 30, 2022 filed on SEDAR on November 4, 2022. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Ben Sears
Morgan Creek Communications Inc.
investor@ineosolutionsinc.com
250-879-0872
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254311
SOURCE: INEO Tech Corp.
