- The INEO Welcoming System DUO is the latest
technology advancement from INEO, providing enhanced digital
signage and theft protection coverage at the entrance of retail
stores
SURREY,
BC, June 22, 2022 /CNW/ - INEO Tech
Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or
"INEO"), the innovative developer and operator of the INEO
Media Network, a digital advertising and analytics solution for
retailers, today announced the first dual screen version of its
disruptive market technology, branded as the INEO Welcoming
System DUO. INEO will be launching the INEO Welcoming System
DUO today at the NRF Protect 2022 Conference inside the
Prosegur Security tradeshow display (booth #7009).
"From the first day we installed our patented INEO Welcoming
System in a retail store we have had requests for a version
which has a digital display screen on each side," said Greg Watkin, Founder and Chairman of INEO. "Now
that we are installing systems in larger stores, operated by
national and international retailers, the opportunity warranted us
putting the time and effort into developing a dual screen version.
Our team took on a very difficult engineering problem and did
an incredible job delivering a product which satisfies all the
requirements of a leading Electronic Article Surveillance ("EAS")
loss prevention system plus two large, bright advertising screens
to display advertising from our retail media network."
The INEO Welcoming System DUO utilizes the same
technology the Company has originally designed for the INEO
Welcoming System which allows it to operate in both the
Accousto-Magnetic (AM) 58KHz frequency spectrum and the 8.2MHz
frequency spectrum. Digital display screens are inherently "noisy"
as they cause electromagnetic interference which hinders the
detection of loss prevention tags in a retail store; however, INEO
has developed technology which allows the EAS loss prevention
aspect of the system to still operate effectively with two large
digital display screens located within the detection field.
The INEO Welcoming System DUO preserves the same base
form factor of the original INEO Welcoming System allowing
for visual uniformity within the retail store. The INEO
Welcoming System DUO is the same height and width as the
standard INEO Welcoming System and is only 2.3 centimeters
(1 ¼ inches) thicker. The sleek design is a function of the
proprietary technology INEO has developed.
INEO Tech Corp.
Per:
"Kyle Hall"
Kyle Hall, Chief Executive Officer
and Director
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. INEO's
patented technology integrates and monetizes digital screens with
theft detection sensor gates at the entrance of retail
stores. The Company's cloud-based platform uses IoT (Internet
of Things) and AI (Artificial Intelligence) technology to deliver
customized digital advertising to each retail location based on the
demographic mix, such as age and gender, of customer traffic at
each location. The Company also deploys the INEO Welcoming
Network technology through a SaaS-based solution to larger retail
chains. INEO is headquartered in Surrey, Canada and publicly traded on the
TSX-Venture Exchange under the symbol "INEO" and on the
OTCQB-Venture Market under the symbol "INEOF".
For more information please visit:
Website: www.ineosolutionsinc.com
LinkedIn: https://www.linkedin.com/company/ineosolutions
Facebook: https://www.facebook.com/ineosolutionsinc
Instagram: https://www.instagram.com/ineosolutionsinc
Twitter: https://twitter.com/INEOsolutions
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 statements and information that,
to the extent that they are not historical fact, may constitute
"forward-looking information" within the meaning of applicable
securities legislation. Forward-looking information may include
financial and other projections, as well as statements regarding
future plans, objectives or economic performance, or the assumption
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"outlook", and other similar expressions to identify
forward-looking information. Forward-looking information involves
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that may cause actual future results or anticipated events to
differ materially from those expressed or implied in any
forward-looking statements and accordingly, should not be read as
guarantees of future performance or results.There are a number of
important factors that could cause the Company's actual results to
differ materially from those indicated or implied by
forward-looking statements and information. Other factors 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 Company's most recent annual and interim
Management Discussion and Analysis and Financial Statements.
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forward-looking statements, which speak only as of the date of this
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update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except to
the extent required by law.
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SOURCE INEO Tech Corp.