INEO Tech Corp. is an advertising firm that operates in the communication service sector and is labeled under the media-diversified industry. The firm was incorporated in March 2008 according to the laws of British Columbia.
In January 2020, the firm underwent a reverse takeover with Flashgate Technology Inc. As a result, Flashgate became a 100 per cent owned subsidiary of the firm and changed its name to INEO Solutions Inc.
The Surrey-headquartered company provides advertising solutions for retail customers. The company installs and strategically positions its patent technology-supported digital screens at the front entrance/ or any such valuable estate in a retail store.
Its technology integrates and monetizes digital screens with theft detection sensor gates at the entry. The installed INEO Systems allows a high-impact point of contact with every customer/ potential customer who enters the retail store and enhances the customer engagement process and time.
The company’s system utilizes the Internet of Things (IoT) and artificial intelligence (AI) to acquire data about traffic and its characteristics, such as age, gender, etc. This traffic data is then compared and analyzed with large datasets to comprehend the demographic mix of traffic at all the retail stores.
Its digital advertising technology targets audience based on geographic location, federal electoral district, languages, local weather, age, gender and other metrics. It provides online, full report capabilities and analytics, keeping in mind all the privacy laws, to the advertiser and retailer.
INEO Tech integrates customer datasets to help retailers improve customer service and shopping experience to expand sales prospects and increase actual sales. The company’s Welcoming Systems, which it believes to be a retail loss prevention unit, is placed in high visibility areas at stores. It owns and operates the INEO Welcoming Network and provides its Software-as-a-Service (SaaS) backed patent technology and solutions to large retail chains.
INEO Tech Corp operates in three primary segments, namely:
• Corporate and administration
• Loss prevention
The company earns a significant portion of its revenue from the loss prevention division, including sales operations related to security technology, product sneeze guards, and relevant accessories. INEO Tech has its advertising business in key geographies, including the United States, Mexico, Canada and the Netherlands. Out of all, the company generates a majority of its revenue from the Canadian market.
INEO Tech Corp. is publicly listed on the TSX Venture Exchange, where its common shares are traded under the stock quote INEO. The company also lists its shares on the United States OTCQB market under the trading symbol INEOF.