Danavation Technologies Announces Full Rollout of Digital Smart Labels(TM) Into all Nutrinor Hardware Locations Across Quebec
- Nutrinor Cooperative operates six locations under a large Quebec based retailer
- Contract represents a potential C$650,000 in revenue for Danavation upon completion
- Initial installations to commence in early August 2023
Toronto, Ontario--(Newsfile Corp. - June 22, 2023) - Danavation Technologies Corp. (CSE: DVN) (OTCQB: DVNCF) ("Danavation" or the "Company"), the only North American-founded and headquartered technology company providing micro e-paper displays, is pleased to announce a full rollout of Danavation's Digital Smart Labels™ into all six Nutrinor hardware store locations operated under a large Quebec based retailer. The contract has an estimated revenue potential of approximately C$650,000 for Danavation, to be recognized once the full roll-out is completed. The first installation is expected to be completed by early August with subsequent stores being installed thereafter.
Recognized as one of Quebec's 300 largest companies by Les Affaires newspaper in May of 20231, Nutrinor Cooperative operates businesses within agrifood, agriculture, energy and hardware retail stores and is owned by more than 1,050 agricultural producers in the Saguenay-Lac-Saint-Jean region. Two of the Nutrinor stores to be outfitted currently utilize a competitor's electronic shelf labels that will be replaced by Danavation's Digital Smart Labels™, providing strong validation for the Company's quality and innovative Platform-as-a-Service ("PaaS") solution. With a committed team of approximately 130 skilled employees, Nutrinor's hardware division stands as a pillar of the community, delivering valuable products, support and information to its customers.
"We're very pleased to secure a full rollout with Nutrinor in Quebec, demonstrating our continued progress in developing additional market share in the hardware segment while also showcasing a customer's switch to Danavation's Digital Smart Labels™ over legacy competitors," said John Ricci, CEO of Danavation. "We anticipate the Nutrinor locations can gain significant operational efficiencies and cost savings through the utilization of our solution by freeing up staff time to enhance the customer experience, eliminate inaccurate shelf pricing, and streamline operations - all of which can help drive an enhanced bottom line."