BEACON SECURITIES LAUNCHES COVERAGE OF INEO WITH A $1.00 TARGET

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 (currently in LOI phase with a definitive agreement expected shortly) with Spain-based Prosegur, a large multi-national 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.