SURREY,
BC, Jan. 11, 2023 /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, is pleased to announce the Company's representatives
will be participating in the National Retail Federation's "NRF 2023
– Retail's Big Show" retail industry expo and conference in
New York City where INEO will be
debuting the first RFID (Radio Frequency Identification) enabled
version of the INEO Welcoming System inside the Prosegur Security
tradeshow booth.
Kyle Hall, CEO of INEO, will be
attending the conference and INEO will be showcased at the Prosegur
Security booth where a demo of the new RFID enabled INEO Welcoming
System will be on display. INEO's patented Welcoming System, which
combines loss prevention and digital signage into the same form
factor, is now also enabled to detect products tagged with RFID
technology. With the RFID enabled INEO Welcoming System, not only
do retailers know an item is being stolen, they also know exactly
which item is being stolen.
When an RFID tagged item leaves the store without having been
paid for, the INEO Welcoming System will alarm and capture video of
the security event as it normally does but it will now also display
the item which has not been paid for on its built-in media screen
in real time. The INEO Welcoming System's media display screen will
interrupt the advertising and marketing messaging to display a
picture of the unpaid product and alert the store staff to the
merchandise which is exiting the store. The RFID enabled INEO
Welcoming System will still detect traditional tags and labels in
the 8.2MHz and the 58KHz frequencies making it backward compatible
for stores using traditional RF tags/labels alongside the new RFID
tags/labels.
"We are extremely excited about unveiling INEO's latest
technology at NRF 2023 with the debut of our new RFID enabled
Welcoming System," said Greg Watkin,
Chairman and Founder of INEO. "RFID is the future of retail loss
prevention, and our team has worked very hard to implement the
technology into our patented INEO Welcoming System, allowing INEO
to remain far ahead of the competition. Our core patent covers the
combination of RFID detection with digital display technology in
one device and protects our exclusive capabilities. The conference
will prove to be an amazing opportunity for us to showcase our
technology and its value to new retailers and potential
customers."
Hosted by the National Retail Federation (NRF), Retail's Big
Show Conference is retail's most important event. With three days
of educational programing, an enormous Expo featuring the latest
retail solutions, plus an Innovation Lab and Startup Zone featuring
breakthrough technology, Retail's Big Show will introduce retailers
to the ideas, people and partners that will put them on the fast
track to success. For more information:
NRF 2023: Retail's Big Show
Date: January 15-17, 2023
Location: New York City, NY
Booth: Jacob K. Javits Convention Center – Booth 1617 (Prosegur
Security)
Link: https://nrfbigshow.nrf.com/
INEO Tech Corp.
Per:
"Kyle Hall"
Kyle Hall, Chief Executive Officer
and Director
About INEO Tech Corp. (TSXV: INEO) (OTCQB:
INEOF)
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: www.linkedin.com/company/ineosolutions
Facebook: www.facebook.com/ineosolutionsinc
Instagram: www.instagram.com/ineosolutionsinc
Twitter: www.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 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.
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SOURCE INEO Tech Corp.
