INEO patents the world's first dual screen
loss prevention and advertising system
BC, June 28, 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, is pleased to announce the Company has filed a design
patent, entitled "ELECTRONIC ARTICLE SURVEILLANCE PEDESTAL WITH
TWO-SIDED DISPLAY", for the dual screen version of its
disruptive Welcoming System.
The patent filing protects the unique form factor, design and
materials used in INEO's new dual screen product, branded as the
INEO Welcoming System DUO. The INEO Welcoming System DUO is
also protected by the Company's original utility patents, already
granted in the United States and
Canada, and pending in
Europe. The INEO Welcoming
System DUO, which has one LED screen on each side of the
pedestal, is ideal for large retailers who have multiple doors at
their front entrances. The bright, bold digital signage on the
INEO Welcoming System DUO is easily visible to
customers on either side of the pedestal.
The Company's recent premier of the new INEO Welcoming System
DUO at the NRF Protect 2022 Conference in Cleveland, OH garnered tremendous interest and
was a resounding success in landing pilot system installations with
several large retail chains.
"The launch of the INEO Welcoming System DUO is a
significant milestone for the company, and we are very pleased to
file for the patent which will help provide a level of protection
against competitors as we continue to expand our footprint
globally," said Greg Watkin, Founder
and Chairman of INEO. "The combination of two LED screens and an
EAS pedestal within one device is a unique invention which required
critical design and innovative engineering by INEO's R&D team.
We are excited to begin showcasing the INEO Welcoming System DUO
and are confident retailers will love the new capabilities of the
dual screens integrated within one system."
Traditional loss-prevention systems typically consisted of a
standalone tag-detection system known as an Electronic Article
Surveillance ('EAS') pedestal located at the retailers'
front door. EAS systems incorporate security tags or labels which
are attached to merchandise and must be removed or deactivated
prior to leaving the retail store. INEO's new Welcoming System
DUO product builds upon the Company's previous patented
combination media display and electronic surveillance pedestal by
adding a second LED screen to the EAS system. The INEO Welcoming
System DUO is a remarkable product given the complexity in
designing and housing an RF security tag system in close proximity
to two LED screens without degradation of the RF signal required
for the operation of the EAS system.
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 and patented.
INEO Tech Corp.
Per: "Kyle Hall"
Kyle Hall, Chief Executive Officer
About INEO Tech
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
For more information please visit:
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
underlying any of the foregoing. This news release uses words such
as "may", "would", "could", "likely", "expect", "anticipate",
"believe", "intend", "plan", "forecast", "project", "estimate",
"outlook", and other similar expressions to identify
forward-looking information. Forward-looking information involves
significant risks, assumptions, uncertainties and other factors
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.
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 to
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.
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
View original content to download
SOURCE INEO Tech Corp.