Surrey, BC – September 27, 2023 – INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the “Company” or “INEO“), the developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, is proud to announce a groundbreaking solution which harnesses the power of AI to revolutionize video surveillance and combat organized retail crime.
INEO ORCA, an acronym for Organized Retail Crime Alerts, is INEO’s latest AI-driven solution and it represents a monumental leap forward in security and crime prevention. By leveraging advanced computer vision and machine learning algorithms, the latest feature of the patented INEO Welcoming System can meticulously analyze stored CCTV footage, captured during loss prevention events, enabling it to detect and recognize patterns associated with organized retail criminal activities.
In today’s rapidly evolving security landscape, retailers are facing increasingly sophisticated threats from organized criminal groups. Traditional security and surveillance methods are labor intensive and often struggle to keep pace with these challenges, making it imperative to adopt cutting-edge technology to protect store merchandise.
Key benefits of the INEO ORCA AI-powered system include:
Threat Detection: INEO’s AI technology can quickly identify suspicious activities, unusual behavior, and potential threats, allowing for immediate exception reports to be sent to the stores for the store staff to act upon.
Pattern Recognition: The system learns and adapts to detect organized retail crime patterns, such as repeated behaviors, specific attire, or group formations, which often go unnoticed by human operators.
Predictive Analytics: By analyzing historical video from loss prevention alarm event data, INEOs ORCA system can predict potential crime hotspots, allowing the retailers loss prevention team to proactively allocate resources and prevent criminal activities before they occur.
Cost-Effective Security: The implementation of AI-driven surveillance can significantly reduce the need for extensive manual monitoring, leading to cost savings for retailers while enhancing security.
“INEO is committed to making retail a safer, more profitable place through cutting-edge AI technology,” stated Greg Watkin Founder and President of INEO. “Adding the new INEO ORCA solution empowers retailers to stay one step ahead of organized criminals, safeguarding their merchandise and preserving profits. INEO ORCA is another reason why the demand for the INEO Welcoming System keeps growing.”
INEO Tech Corp.
Per: “Kyle Hall”
Kyle Hall, Chief Executive Officer and Director
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