- INEO files new PCT patent filing to protect its proprietary
technology globally.
- INEO's core Patent for the combination of Digital Media display
screen and Electronic Article Surveillance (EAS) loss prevention
technology integration has now been granted in the United States, Canada and Europe.
SURREY,
BC, Oct. 19, 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 it made a Patent Cooperation Treaty
(PCT) filing for global intellectual property protection.
INEO recently filed for a design patent in Canada for its "INEO WELCOMING GATE"
system, a companion system to the INEO Welcoming Pedestal. This
patent has now been extended with a global priority filing to
include the United States and
Europe.
"INEO's intellectual property strategy is keeping us in an
industry leading position which is far ahead of the competition,"
said Greg Watkin, Chairman and
President of INEO. "We are well into the monetization strategy of
our patents and products, and we feel very comfortable that we are
well ahead of other, larger industry players. Our patent portfolio
is diverse and provides significant protection should our
competitors create similar technology or products. Furthermore, we
are very pleased with our global partner, Prosegur, who has agreed
to help protect and defend our patents as we extend our lead and
displace the competition in major retailers around the world."
INEO was granted a core utility patent for the combination of
Digital Media display screen and Electronic Article Surveillance
(EAS) loss prevention technology integration in the U.S. (patent
10,614,691), Canada (patent
2,936,044) and Europe (patent
3482377). These patents prevent any other Electronic Article
Surveillance (EAS) provider from selling an EAS system which
contains a digital media display screen, leaving the INEO Welcoming
System as the only system on the market which can combine
advertising and loss prevention in one form factor.
The design patent, "INEO Welcoming GATE" is used as a
companion product that can be paired with an INEO Welcoming System,
ideally deployed at retail location where there are multiple doors
at the front entrance. The INEO Welcoming GATE's bold, sleek
design, with its customizable branding, gives the entrance of the
retail store a fresh look. When combined with an INEO Welcoming
Pedestal it also provides unmatched visual appeal. Protecting the
innovation of this design is essential to INEO's competitive edge.
The INEO Welcoming GATE utilizes technology INEO 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.
INEO's patented technology combines traditional Electronic
Article Surveillance (EAS) systems with a digital media display in
one integrated device. EAS systems are theft prevention devices
which are typically found at the entrance or exit of a retail store
and transmit a radio frequency (RF) signal which detects tags and
labels on products. The combination of a media display and EAS
system is a non-trivial and unique invention due to the complexity
in designing and housing a RF security tag system in close
proximity to a media display screen without degradation of the
required RF signal. This patented technology drives INEO's
business model of integrating retail digital signage with retail
media networks to generate SaaS (Software-as-a-Service) based
revenue.
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
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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
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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
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SEDAR, including the Company's most recent annual and interim
Management Discussion and Analysis and Financial Statements.
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SOURCE INEO Tech Corp.