INEO Provides Corporate Update: AI-Powered Loss Prevention and Global Expansion
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.