U.S. INEO Tech Corp. CEO, Kyle Hall, was recently interviewed by Cantech Letter, a leading publication on Canadian tech stocks, where he spoke on INEO’s tremendous progress with Welcoming System roll-outs across North America.
Kyle Hall, CEO of INEO commented, “We’ve recently been very active in the United States. We’ve got one really large retailer that’s rolling out in a big way, and we’ve installed 50 systems just for them. We also have pilots installed with a number of other large retailers through our global distribution partner, Prosegur, who’s been very active. We hope to convert those pilots to roll-outs soon. Retailers are investing in technology, and things that are going to help them with their customers, and INEO fits that mold quite well. Our systems prevent loss, helping them save money, and has great digital signage, which helps them sell more product and advertising to brands.”
The interview also discusses how INEO looks to benefit from the rise of advertising spending in retail media networks. With retailers looking to increase advertising with digital signage in stores, INEO’s patented technology, remains the perfect option, being the only systems able to integrate digital display screens with loss prevention systems at the front entrance of retail stores.
Some other highlights from the interview include:
INEO has successfully completed installations in over 50 retail stores in 11 states in the United States in 2023
INEO recently announced their quarterly results with revenues increased 50% and gross profit increased 92% from the same quarter last year
INEO has now developed a full suite of products which can be installed throughout the retail store to form a connected Retail Media Network
Watch the full interview for more information: https://www.youtube.com/watch?v=yYkYoaiL7-U
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