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INEO Deploys RFID within its INEO Media Network

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INEO revolutionizing retail security by combining EAS and RFID in patented Welcoming System, a key component of the INEO Media Network

SURREY, BC, April 23, 2024 /PRNewswire/ - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), is proud to announce the first retail deployment of its cutting-edge RFID (Radio-Frequency Identification) solution embedded within its INEO Welcoming Pedestal, designed to revolutionize loss prevention in the retail industry with advanced technology and a business model driven by retail media advertising.

INEO Deploys RFID within its INEO Media Network. INEO revolutionizing retail security by combining EAS and RFID in patented Welcoming System, a key component of the INEO Media Network. INEO has transformed retail security by seamlessly integrating advanced RFID technology into its patented INEO Welcoming System, delivering an unparalleled combination of RFID, Electronic Article Surveillance (EAS) and advertising capabilities in the same device, along with INEO’s Retail Media business model. (CNW Group/INEO Tech Corp.)
INEO Deploys RFID within its INEO Media Network. INEO revolutionizing retail security by combining EAS and RFID in patented Welcoming System, a key component of the INEO Media Network. INEO has transformed retail security by seamlessly integrating advanced RFID technology into its patented INEO Welcoming System, delivering an unparalleled combination of RFID, Electronic Article Surveillance (EAS) and advertising capabilities in the same device, along with INEO’s Retail Media business model. (CNW Group/INEO Tech Corp.)

With the exponential growth of shoplifting and organized crime at retail, the need for robust security measures has become increasingly paramount. According to recent industry reports, retail shrinkage due to theft amounts to billions of dollars in losses annually. In response to this pressing challenge, INEO has developed a state-of-the-art RFID loss prevention system which offers unprecedented accuracy, efficiency and communication capabilities to mitigate retail loss while also being a prominent in-store digital advertising system.

The deployment of the RFID enabled INEO Welcoming System was at a California location of one of INEO's national retail office supply customers. With this installation, INEO has transformed the landscape of retail security by seamlessly integrating advanced RFID technology into its patented INEO Welcoming System, delivering an unparalleled combination of RFID, traditional Electronic Article Surveillance (EAS) and advertising capabilities in the same device, along with INEO's Retail Media driven business model. With INEO's innovative solution, retailers gain unprecedented real-time visibility into their inventory, enabling precise tracking of merchandise from the moment it enters the supply chain to the point of sale to the store exit. With the INEO Welcoming System and RFID tags embedded in individual items, retailers can monitor their inventory with unparalleled accuracy, helping to drastically reduce theft and shrinkage, and as a result, fortify their bottom line.

"Our RFID solution represents a quantum leap in retail security," stated Greg Watkin, Founder, Chairman, and President of INEO. "In an era where the dynamics of commerce are constantly evolving, it's imperative for retailers to stay ahead of the curve. By harnessing the power of RFID technology within the INEO Welcoming System platform, we're not just offering a security solution we're providing a strategic advantage. Our system isn't merely about safeguarding assets; it's about transforming the way retailers operate. It's about empowering them to anticipate and adapt to the ever-changing demands of the market. With our RFID solution, retailers can proactively protect and manage inventory, streamline operations and deliver exceptional customer experiences. It's not just about preventing losses; it's about maximizing potential. It's about enabling retailers to thrive in a fiercely competitive landscape. We look forward to making our RFID technology a standard feature in our future Welcoming System deployments."