Remarkable New Patent Just May Transform Retail Shopping Forever

If you’re asking yourself why you should look at this company–the answer is simple.

INEO Tech Corp. is the first and only company to combine the traditional security tag reader with a digital screen capable of displaying advertisements relative to your interests.

And patent it!

That’s right…

They are the first and only company to patent this invention.

You can look it up yourself.

If you went to the United States Patent and Trademark Office and looked at the U.S. patent 10,614,691 B2, entitled “COMBINATION MEDIA DISPLAY AND ELECTRONIC ARTICLE SURVEILLANCE PEDESTAL”.

You would see that this patent was issued and belongs to INEO Tech Corp.

This patent is also pending in Europe – and INEO Tech Corp. has multiple other patents pending in the US, Canada, and Europe to strengthen its position.

And this is the remarkable patent that could reshape the $189 Billion a year digital advertising space as it now makes it possible to combine digital displays with the security tag readers found at the front of retail stores.

Not bad for a company with a market cap of less than $11 million in the US as of May 9th, 2022.

At some point in your life, you’ve walked through the front entrance or exit of a retail store and have most likely seen the security tag readers that were installed to help with loss or theft prevention.

In fact, you’ve probably experienced a time when you triggered the alarm to one of those tag readers and had everyone look at you as if you were planning on leaving the store without paying for your merchandise.

But in reality, sometimes the clerk behind the counter just forgets to remove one of the tags–and the alarm goes off.

It’s just one of those things.

It happens!

Not your fault…

The point is just about everyone knows what those security tag readers are.

Those security tag readers play a crucial role in retail loss prevention.

But did you know that those security tag readers could soon become a major source of revenue for certain retailers?

You see, those security tag readers are installed on some of the most valuable Real Estate inside of a retail store… (on the way in and way out of the store)

That’s right… And big brands are willing to spend tons of money to get their ads in front of customers just like you.

And why not?

The front entrances and exits get all of the foot traffic when customers come and go.

Everyone walking in or walking out of a store has to walk past those security tag pedestals.

Right?

This would be one of the best locations to have advertisements.

In fact, some retailers have taken notice of the potential ad space that these security pedestals offer and they have started placing cardboard ads over these devices.

But the cardboard ads are static and offer no real incentive for customers to even look at them.

Most people just walk right past the cardboard signs.

Then one day, a gentleman named Gregory Watkin was walking past a security tag pedestal that was covered with a cardboard sign (similar to the above sign) and probably thought to himself…

“Hey I have an idea”

“Why don’t we put digital displays on these security tag readers”

“Then we could have brands pay  to have their Ads shown on our screens”

You see, Greg Watkin is not who you would consider “Most People”.

Greg is the founder of INEO Tech Corp.

…And INEO Tech Corp. is the only company that has a patented solution for combining security tag pedestals with digital displays in the US and Canada with a patent pending in Europe – and multiple other patents filed in the US, Canada & Europe.

INEO Tech Corp.’s wholly-owned subsidiary, INEO Solutions Inc., provides retailers with “The Welcoming System”, the new face of retail media with advertising, analytics, and theft detection built into one platform.

INEO believes that a store’s entrance is its portal to the world, the invaluable piece of retail real estate which connects a store to its customers.

INEO helps retailers monetize their entrance by delivering predictive analytics and brand experience to enhance the store’s connection to its customers.

Leverage the power of INEO’s technology and data to deliver impactful advertising for brands.

INEO drives engagement between consumers and brands at the entrance of the retail store.

Brands working with INEO get to deliver their message when it matters and to whom it matters.

INEO captures and unlocks usable data to boost the effectiveness of store operations and brand advertising.

Not only will these digital displays be showing interactive advertisements and messages to shoppers as they enter retail stores–these displays will also become part of an Ad Inventory Network where advertisers and brands can pay to have their Ads shown…

Instead of walking past a pair of boring tag readers (pictured below), INEO Tech Corp’s invention would now make it possible to have fully interactive and dynamic ads being displayed right in front of shoppers as they enter and leave the store…

Now do you see where this is going?

Think about how many shoppers walk through these doors.

Think about how many brands would pay to have their ads shown on these displays.

Think about how many retail stores are out there.

Think about who will install all of these new security tag reader and display combos–Actually INEO Tech Corp. has a plan for this too as you’ll soon see.

Late last year, the company announced a global agreement with one of the world’s largest security companies, Prosegur.⁵

Prosegur has over 175,000 employees in 26 countries across the globe. Prosegur EAS, is a wholly-owned subsidiary of Prosegur,⁵ and will manufacture, distribute and install INEO’s Digital Advertising and Theft Detection solution dubbed “The Welcoming System” under their own brand, “Prosegur EVO”.

Prosegur, operates globally and has established relationships with some of the largest retailers in the world.

INEO’s partnership with Prosegur is a significant validation of the company’s technology and could potentially position them for substantial growth in the future.

Under the terms of the deal, Prosegur is granted distribution rights to sell, secure, place, and install the patented INEO Welcoming System under their own brand, “Prosegur EVO”.

Prosegur will be responsible for the funding, manufacturing, distribution, in-store setup and in-store maintenance of the systems.

INEO will be responsible for online provisioning, operating, and managing of the INEO Media Network which powers the screens inside of EVO.

INEO will also provide AI (artificial intelligence) powered, location-based analytics to Prosegur and its retail clients which can provide store traffic count as well as certain demographic info, such as gender, age, and even customer satisfaction rating.

All of the data is easily accessible to the retailer through a cloud-based dashboard or emailed to their inbox daily.

Working with Prosegur is expected to boost INEO’s sales, manufacturing, distribution and installation capabilities and substantially grow INEO’s Media Network.

INEO expects to continue selling to certain customers and markets directly on its own but will now also be able to concentrate more resources on advancing its technology and intellectual property.

In addition, Prosegur is also granted, under the terms of the agreement, the right to fund and prosecute intellectual property rights and protection, on INEO’s behalf.

Targeted digital advertising and analytics company INEO Tech Corp. (OTCQB: INEOF) (TSXV: INEO) is poised to steal market share with its disruptive technology, says Beacon Securities analyst Gabriel Leung, who launched coverage of the company in 2021.³

INEO’s flagship “Welcoming System” is a patented retail loss-prevention (anti-theft) system which is integrated with a digital display. Deployed at the entrances of retail stores, the devices greet customers with targeted brand-positive messaging while capturing meaningful analytics information and providing loss-prevention capabilities.³

The company’s platform has already been deployed through a network of about 75 liquor stores in Western Canada and has what Leung called a landmark partnership with Spain-based Prosegur, a large multinational security company. Leung said INEO has two large pilot opportunities in the Prosegur partnership pipeline and a third currently in direct negotiations, giving INEO a line-of-sight into about $15 to $20 million in potential recurring revenues over the next 24 months.³

“There are about 2.38 million loss-prevention systems in North America across 528,000 retail locations spanning a variety of industry verticals, which provides INEO with a massive market to potentially distribute and install its products,” Leung wrote.³

On the industry, Leung said there are two large companies currently operating in the loss prevention space, Johnson Controls’ Sensormatic division and Checkpoint Systems, where Sensormatic has said its loss prevention division sells over $1 billion in hardware, tags and labels annually while Checkpoint sells about $850 million of a similar product line annually. The two companies offer a proxy for the size of the potential market opportunity for INEO, Leung said.³

Leung believes INEO’s system has much richer features in analytics and digital signage than Sensormatic and Checkpoint, along with having the ability to remotely manage its systems and offer a lower cost of ownership.³

“Two large incumbents currently dominate this space, although we believe INEO is positioned to disrupt this market with its cheaper, more powerful and (most importantly) patented offering,” he said.³

INEO currently has two primary revenue models, one by which the company offers its Welcoming System free of charge along with the allocation of 15 percent of the system’s screen time, leaving INEO to sell advertising space on the remaining 85 percent at an anticipated net monthly income of about $500 per location. ³

For its other model, INEO will employ more of a SaaS-based approach where the retailer will control 100 percent of advertising on the Welcoming System, while INEO or a partner such as Prosegur will fund the hardware and installation.

Revenue here would come from a monthly SaaS license fee of $150-$250 per retail location while INEO or its partner would collect an additional $150-$250 per month per location depending on who supplies the hardware. Predictive analytics would also be available at $19-$49 per month per location.³

Beacon Securities analyst Gabriel Leung who updated clients in a report from February 28, 2022, reiterated both his “Speculative Buy” rating and $1.00 target, which at press time represented a projected one-year return of 285 per cent.²

Last year, INEO nabbed a global agreement with Prosegur, a security company with many retail and shopping center clients globally, to manufacture, distribute and install Welcoming Systems under its own brand Prosegur EVO, with INEO to be responsible for funding, manufacturing, distribution, in-store setup and in-store maintenance of the systems along with managing the INEO Media Network that powers the Welcoming System screens.²

There are thousands upon thousands of retail storefronts in the US alone that could potentially be lining up to get their hands on these systems from INEO Tech.

• Dollar General has 17,348 stores ⁹
• Dollar Tree has 15,375 stores ⁹
• CVS Health Corporation has 9,813 stores ⁹
• Walgreens has 8,760 stores ⁹
• Walmart has 5,253 stores ⁹
• Ace Hardware has 4,647 stores ⁹
• TJX Companies has 3,264 stores ⁹

Each store typically has multiple loss prevention systems – and represents the opportunity to deploy several INEO Welcoming Systems at each store – with each INEO Welcoming System representing hundreds of dollars per month per store in recurring revenue.

Beacon Securities expects $15 to $20 million in potential recurring revenues over the next 24 months.³

Seeking Alpha’s Forecast for IINEO Tech Corp. (OTCQB: INEOF) (TSXV: INEO) indicates that its revenue could more than triple by 2023.¹⁰

In fact, Seeking Alpha is projecting triple-digit earnings estimates throughout 2023 and 2024