Installations in Staples 1,000 locationsJune 2022 news release
Under the terms of the Master Services Agreement, both parties have set terms and conditions for Staples to buy certain INEO products and use certain INEO services such as traditional EAS systems and products, as well as the INEO Welcoming System. INEO has currently installed 26 INEO GATE systems in 12 Staples stores in 11 US states. The installed Welcoming GATE systems provide a clear upgrade path to Welcoming Systems in the future. INEO's deployments in the initial stores positions the Company for expansion into over 1,000 Staples retail locations across the United States.
February 2023 news release
Units installed in 50 retail locations across the USA
The Company remains on track to roll out INEO Welcoming Systems to its committed locations this year under the terms of its signed agreements and is focused on executing on its direct sales pipeline.
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Conclusion:
INEO appears to be filling up the Staple retail stores at a rate of 50 units per month. Each retail location appears to be taking 2 units.
Do the math.
It will be a RECORD YEAR.