INEO Tech Corp., an innovative provider of location-based digital advertising, analytics and loss prevention solutions for retailers, today announced that further to its press release dated June 22, 2021, INEO has successfully completed its three store pilot program with FHC Enterprises (or “FHC”), and the Company has entered into an agreement with FHC for expansion to over 60 store locations. FHC is the owner-operator of both FIELDS and McFrugal’s Discount Outlet Stores, including over 60 FIELDS store locations and three McFrugal’s Discount Outlet locations across Western Canada.
“We are thrilled to be partnering with FHC and to be expanding the Welcoming Network across all FIELDS and McFrugal’s locations,” said Kyle Hall, CEO of INEO. “Our initial pilot locations were successful and demonstrated our unique multi-dimensional ability to provide loss prevention, digital display advertising, customer demographic data and store traffic data all in one system.”
Jason McDougall, CEO of FHC commented, “We were pleased with the initial pilot of INEO’s Welcoming Systems and are excited to expand our relationship with INEO. We plan to continue rolling out and implementing more systems to all of our FIELDS and McFrugal’s store locations. Serving our customers better is always our number one priority and INEO’s technology will help us do that.”
The expanded roll-out to all the FHC locations will also includes INEO Uplink, INEO’s new point of sale integration module. INEO Uplink integrates the retailers’ cash register data with INEO’s analytics dashboard, which houses INEO’s unique store traffic data to provide analytics which were previously unattainable. INEO has already started executing on its roll-out plan with the first stores installed. INEO and FHC are actively collaborating on a roll-out plan to expand to the remaining FIELDS and McFrugal’s locations over the next two quarters.
Greg Watkin, Chairman and President of INEO added, “We are glad to have FHC as our first retail chain customer. FHC is a solid operator and respected retailer with a large network of FIELDS and McFrugal’s stores in Canada. FHC is the perfect partner to showcase how our artificial intelligence-driven traffic data can enhance the information retailers’ have within their POS systems.”
INEO Tech Corp.
Per: “Kyle Hall”
Kyle Hall
Chief Executive Officer
About INEO Tech Corp.
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., is a provider of location based digital advertising, analytics and loss prevention solutions for retailers. INEO’s patented technology integrates and monetizes digital screens with theft detection sensor gates at the entrance of retail stores. The Company’s cloud-based platform delivers customized digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location which it acquires by using IoT (Internet of Things) and AI (Artificial Intelligence) technology. The Company owns and operates its INEO Welcoming Network and also offers its technology through a SaaS-based solution to larger retail chains. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol “INEO” and on the OTCQB-Venture Market under the symbol “INEOF”.
For more information please visit: www.ineosolutionsinc.com.