
Coenda and INEO Announce Settlement Agreement, Strengthening Partnership for Retail Market Expansion
"Dawn Wattie"
Vancouver, British Columbia - Newsfile Corp. - May 29, 2025 - Coenda Investments Holding Corp. ("") and INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) ("") are pleased to announce a settlement agreement, with terms disclosed by INEO, marking a pivotal moment in their strategic collaboration. This agreement solidifies a strategic alliance aimed at deploying INEO's innovative products in retail markets, with BON Intelligence Inc. (""), a subsidiary of Coenda, playing a key role in supporting INEO's management team and go-to market strategy.BON Intelligence will work closely with INEO's leadership team to drive the successful rollout of INEO's cutting-edge technology in retail environments. Coenda and BON Intelligence are strong believers in the transformative potential of INEO's technology, confident that this strategic alliance will create significant new revenue streams for INEO and enhance its market presence.BON Intelligence and INEO recently joined forces at the Istanbul Retail Fair, where their innovative solutions garnered significant attention from customers. The event showcased the strength of their strategic alliance and the appeal of INEO's technology, drawing interest from key industry players and reinforcing their position as leaders in the retail technology space.Istanbul Retail Days ExhibitionTo view an enhanced version of this graphic, please visit:"We are excited about the opportunities this strategic alliance unlocks for INEO," said Kerem Akbas, President at Coenda. "By combining our expertise with INEO's innovative technology, we aim to deliver unparalleled value to the retail sector and drive sustainable growth."Coenda and BON Intelligence extend their gratitude to Mr. Greg Watkin and Mr. Kyle Hall for their cooperation and commitment to establishing a new governance structure on INEO's board. This collaborative approach ensures a strong foundation for future success.Coenda Investments Holding Corp. is a private British Columbia company committed to enhancing shareholder value through strategic investments and by fostering governance transparency and accountability.BON Intelligence Inc., a subsidiary of Coenda Investments Holding Corp. is a private British Columbia company focused on delivering innovative AI-based solutions across a range of industries. The company specializes in advanced data analytics, intelligent media signage, RFID technologies, and comprehensive loss prevention systems. By harnessing the power of artificial intelligence, BON Intelligence Inc. empowers organizations to optimize operations, enhance decision-making, and improve security outcomes.For more information, please contact:Dawn Wattie, SVP Legal778-846-5749
The issuer is solely responsible for the content of this announcement.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Free Malaysia Today
14 hours ago
- Free Malaysia Today
Petronas denies it is leaving Canada
Petronas has issued a statement to deny that it is leaving Canada despite there being no mention of it making such a move. (Reuters pic) PETALING JAYA : National oil corporation Petronas has denied that it was leaving Canada following a news report that it may consider selling its Canadian company for US$7 billion. In a brief statement, Petronas also said it was committed to its investments in Canada, where it operates the North Montney Joint Venture upstream gas development. Yesterday, Bloomberg reported that Petronas was considering options for its Canadian company, formerly known as Progress Energy Resources Corp, including a sale. Petronas issued the statement despite there being no mention anywhere in the report that it was quitting Canada. In the statement, the oil corporation reiterated that it is a major partner in the LNG Canada gas liquefaction facility in Kitimat, British Columbia. 'With LNG Canada preparing for its first cargo this year, Petronas is proud to be providing lower carbon, reliable Canadian liquefied natural gas to support global energy markets for decades to come. 'Any reports that claim Petronas is leaving Canada are inaccurate,' the statement said. Quoting a source, Bloomberg reported that Petronas is working with a financial adviser on a potential disposal and that a transaction 'could value the Canadian business at US$6 billion to US$7 billion'. Petronas bought Progress Energy for about US$5.3 billion in 2012, as well as a 25% stake in the LNG Canada project.


Malay Mail
17 hours ago
- Malay Mail
Fearing AI misuse, tech godfather Bengio sets up group to monitor rogue agents that could ‘greatly harm humanity'
NEW YORK, June 4 — Concerned about the rapid spread of generative AI, a pioneer researcher is developing software to keep tabs on a technology that is increasingly taking over human tasks. Canadian computer science professor Yoshua Bengio is considered one of the godfathers of the artificial intelligence revolution and on Tuesday announced the launch of LawZero, a non-profit organisation intended to mitigate the technology's inherent risks. The winner of the Turing Award, also known as the Nobel Prize for computer science, has been warning for several years of the risks of AI, whether through its malicious use or the software itself going awry. Those risks are increasing with the development of so-called AI agents, a use of the technology that tasks computers with making decisions that were once made by human workers. The goal of these agents is to build virtual employees that can do practically any job a human can, at a fraction of the cost. 'Currently, AI is developed to maximise profit,' Bengio said, adding it was being deployed even as it persists to show flaws. Every frontier AI system should be grounded in a core commitment: to protect human joy and endeavour. Today, we launch @LawZero_, a nonprofit dedicated to advancing safe-by-design AI. June 3, 2025 Moreover, for Bengio, giving AI human-like agency will easily be used for malicious purposes such as disinformation, bioweapons, and cyberattacks. 'If we lose control of rogue super-intelligent AIs, they could greatly harm humanity,' he said. One of the first objectives at LawZero will be to develop Scientist AI, a form of specially trained AI that can be used as a guardrail to ensure other AIs are behaving properly, the company said. The organisation already has over 15 researchers and has received funding from Schmidt Sciences, a charity set up by former Google boss Eric Schmidt and his wife Wendy. The project comes as powerful large language models (or LLMs) from OpenAI, Google and Anthropic are deployed across all sectors of the digital economy, while still showing significant problems. These include AI models that show a capability to deceive and fabricate false information even as they increase productivity. In a recent example, AI company Anthropic said that during safety testing, its latest AI model tried to blackmail an engineer to avoid being replaced by another system. — AFP


Malay Mail
20 hours ago
- Malay Mail
Robot with a gentle touch: Canadian lake tests pave way for eco-friendly deep-sea mining
COLLINGWOOD (Canada), June 4 — Three robotic arms extended under the water in a Canadian lake, delicately selecting pebbles from the bed, before storing them back inside the machine. The exercise was part of a series of tests the robot was undergoing before planned deployment in the ocean, where its operators hope the machine can transform the search for the world's most sought-after metals. The robot was made by Impossible Metals, a company founded in California in 2020, which says it is trying to develop technology that allows the seabed to be harvested with limited ecological disruption. Conventional underwater harvesting involves scooping up huge amounts of material in search of potato-sized things called poly-metallic nodules. These nodules contain nickel, copper, cobalt, or other metals needed for electric vehicle batteries, among other key products. Impossible Metals' co-founder Jason Gillham told AFP his company's robot looks for the nodules 'in a selective way.' The prototype, being tested in the province of Ontario, remains stationary in the water, hovering over the lake bottom. In a lab, company staff monitor the yellow robot on screens, using what looks like a video game console to direct its movements. Using lights, cameras and artificial intelligence, the robot tries to identify the sought-after nodules while leaving aquatic life — such as octopuses' eggs, coral, or sponges — undisturbed. 'A bit like bulldozers' In a first for the nascent sector, Impossible Metals has requested a permit from US President Donald Trump to use its robot in American waters around Samoa, in the Pacific. The company is hoping that its promise of limited ecological disruption will give it added appeal. Competitors, like The Metals Company, use giant machines that roll along the seabed and suck up the nodules, a highly controversial technique. Douglas McCauley, a marine biologist at the University of California, Santa Barbara, told AFP this method scoops up ocean floor using collectors or excavators, 'a bit like bulldozers,' he explained. Everything is then brought up to ships, where the nodules are separated from waste, which is tossed back into the ocean. This creates large plumes of sediment and toxins with a multitude of potential impacts, he said. A less invasive approach, like that advocated by Impossible Metals, would reduce the risk of environmental damage, McCauley explained. But he noted lighter-touch harvesting is not without risk. The nodules themselves also harbour living organisms, and removing them even with a selective technique, involves destroying the habitat, he said. Impossible Metals admits its technology cannot detect microscopic life, but the company claims to have a policy of leaving 60 per cent of the nodules untouched. McCauley is unconvinced, explaining 'ecosystems in the deep ocean are especially fragile and sensitive.' 'Life down there moves very slowly, so they reproduce very slowly, they grow very slowly.' Duncan Currie of the Deep Sea Conservation Coalition said it was impossible to assess the impact of any deep sea harvesting. 'We don't know enough yet either in terms of the biodiversity and the ecosystem down there,' he told AFP. According to the international scientific initiative Ocean Census, only 250,000 species are known, out of the two million that are estimated to populate the oceans. Impossible Metals workers conducting the launch of Eureka II, a robotic underwater vehicle into the water in Collingwood, Ontario, on May 1, 2025. — AFP pic High demand Mining is 'always going to have some impact,' said Impossible Metals chief executive and co-founder Oliver Gunasekara, who has spent most of his career in the semiconductor field. But, he added, 'we need a lot more critical minerals, as we want to electrify everything.' Illustrating the global rush toward underwater mining, Impossible Metals has raised US$15 million from investors to build and test a first series of its Eureka 3 robot in 2026. The commercial version will be the size of a shipping container and will expand from three to 16 arms, and its battery will grow from 14 to nearly 200 kilowatt-hours. The robot will be fully autonomous and self-propel, without cables or tethers to the surface, and be equipped with sensors. While awaiting the US green light, the company hopes to finalise its technology within two to three years, conduct ocean tests, build a fleet, and operate through partnerships elsewhere in the world. — AFP