INEO Announces the Sale of Welcoming Systems to Prosegur for delivery to Jumbo Cencosud
SURREY, BC, Oct. 24, 2023 /PRNewswire/ – INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the “Company” or “INEO“), the developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, is pleased to announce it has shipped the first INEO Welcoming Systems, as per the Company’s distribution agreement with partner Prosegur Security (“Prosegur“), for installation at various locations of Jumbo Cencosud (“Jumbo“) in Colombia. As per the agreement, before the end of October, INEO will be selling and shipping a total of 59 systems, comprised of both Welcoming Systems and Welcoming GATEs, which will be installed in four Jumbo retail locations. With approximately 15 systems installed per store, INEO will be managing an immersive in-store retail media network. INEO will receive revenue from the sale of the systems as well as ongoing SaaS based revenues from the deployment of the installed INEO Welcoming Systems.