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Danavation Technologies Corp C.DVN

Alternate Symbol(s):  DVNCF

Danavation Technologies Corp. is a Canada-based technology company. The Company's principal activity relates to the sale of micro e-paper displays and software to retailers to automate labeling, pricing, product, and promotions in real-time. Its Digital Smart Labels (DSLs), powered by IoT automation technology and software Platform-as-a-Service (PaaS), enables companies across various sectors to automate labelling, price, product, and promotions in real-time. DSLs also help in enhancing data accuracy and improving performance by optimizing inventory, removing high labor costs and low productivity associated with traditional labor-intensive workflows. It has introduced its solution to retailers across North America, including big box and boutique grocers, while also targeting new markets including healthcare providers, manufacturing, and logistics companies. The Company's subsidiaries include Danavation Technologies Inc. and 0890810 BC Ltd.


CSE:DVN - Post by User

Post by tonyturboon Aug 24, 2021 7:09am
209 Views
Post# 33753604

Good job...keep them coming

Good job...keep them coming

TORONTO, Aug. 24, 2021 /CNW/ - Danavation Technologies Corp. (CSE: DVN) ("Danavation" or the "Company"), a Canadian-based Internet of Things (IoT) technology company and provider of micro e-paper displays, today announced our first installation of Digital Smart LabelsTM in New York state. The North Fork True Value Hardware ("True Value") location in Jamesport, New York will be outfitted with the Digital Smart LabelsTM, targeted for completion by October 1st, 2021 to coincide with the store's grand re-opening. Based on a successful launch, Danavation sees potential opportunity to expand into other True Value locations across the U.S. in the future.

True Value is one of the world's leading wholesalers of hardline products with a globally recognized brand that has been working with independent retailers for over seven decades. True Value has more than 4,500 stores in over 60 countries around the world, 13 regional distribution centers and approximately 2,500 True Value Associates1. Offering a flexible model that does not require a membership, True Value carries an expansive product set featuring competitive prices, superior product availability, innovative marketing programs and additional services including eCommerce ship-to-store, store remodel support and True Value University.

"We are very excited to build on our US expansion efforts with a well-known brand like True Value, and to undertake our first installation in the state of New York. Our clean and modern Platform-as-a-Service solution can be seamlessly integrated with True Value's other systems to improve operational efficiencies," said John Ricci, CEO of Danavation. "In addition, the customization features will help the location meet their unique needs, including tailoring to customer preferences, while also eliminating manual processes for updating prices, improving operational efficiencies and modernizing the entire location to align with the new store's streamlined aesthetics."

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