●Danavation continues expansion into the $5 billion North American Digital Smart Labels™ market with major retail partnerships including True Value, Ace Hardware, IGA, and more
●With its strategic growth plan, proven customer base, and revolutionary digital retail technology, Danavation represents significant investment potential
Phoenix, Arizona--(Newsfile Corp. - July 13, 2022) - Everett Jolly, host of The Stock Day podcast, welcomed John Ricci, CEO of Danavation Technologies Corp. (CSE: DVN) (OTCQB: DVNCF), a Canadian-based Internet of Things ("IoT") technology company and provider of micro e-paper displays, to the show to discuss the Company's North American growth strategy.
The Digital Smart Labels™ Difference
"Danavation Technologies Corp. is a company that specializes in Digital Smart Labels™, which are electronic devices that will end or replace paper and tedious labor, while offering the ability to update pricing strategies in retail stores or other businesses in real-time," explained Ricci. "Operational efficiency is the name of the game, and one of the wins that we promote in our business."
In addition to eliminating paper usage and unnecessary labor, the technology behind the Company's Digital Smart Labels™ is also designed to offer invaluable information to retailers, including sales velocity, weather conditions, current events, and stock level data. With more data in-hand and less labor, Digital Smart Labels™ give retailers the opportunity to assign their employees to more important tasks, while also improving margins.
Market Opportunity
According to a recent report published by Research and Markets, the North American smart labels market is expected to reach a value of US$ 5.27 Billion by 2024, and Danavation Technologies Corp. is just beginning to capitalize on this opportunity. Currently the only North American grounded smart labels company, Danavation is already working with several major retail players, including True Value, Ace Hardware, and IGA. Additionally, the Company is also working with the Liquor Control Board of Ontario (LCBO), one of the largest alcohol retailers in the world.
Prior to its Stock Day interview, Danavation released the following snapshot detailing these relationships.
Figure 1
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Danavation's Strategic Growth Strategy
The grocery market currently represents one of the largest smart labels opportunities, however it is not the only application for this industry; hardware, pharmaceutical, and even manufacturing industries also represent significant potential for Danavation. With the Company's expansion across North America, these retail sectors will be strategically targeted as they continue to offer customers a data-packed path to efficiency and decreased paper usage.
To learn more about the Company's current and upcoming projects, or to view financial reports and filings, investors are encouraged to visit: https://danavation.com/investor-relations.
To hear John Ricci's entire interview, follow the link to the podcast here: https://audioboom.com/posts/8119807-danavation-technologies-corp-discusses-expansion-into-5-billion-north-american-market-with-the
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About Danavation
Danavation Technologies Corp. is a Canadian-based, Internet of Things (IoT) technology company, providing micro e-paper displays to organizations across North America. The Company's Digital Smart Labels™, 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, enhancing data accuracy and improving performance by removing high labor costs and low productivity associated with traditional labor-intensive workflows. By empowering the adoption of smart retail, smart cities and industry 4.0, our goal is to create a sustainable and profitable business for shareholders while advancing sound environmental, social, and governance practices by significantly reducing paper usage. Danavation 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. Learn more about the background of Danavation and our vision for the future on our website. As well, follow us on LinkedIn, Instagram, Twitter, and YouTube for more updates on how we are transforming the retail landscape.
For further information, please contact:
John Ricci
President & Chief Executive Officer
hello@danavation.com
Cindy Gray
5 Quarters Investor Relations, Inc.
Tel: 1-403-705-5076 | investors@danavation.com
Investor Relations - United States
Trevor Brucato, Managing Director
RBMG - RB Milestone Group LLC
New York, NY & Stamford, CT
danavation@rbmilestone.com | www.rbmilestone.com
For media relations / management interview requests:
Mr. Nelson Hudes
Hudes Communications International
Tel: 1-905-660-9155 or nelson@hudescommunications.com
Forward-Looking Information
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. More particularly and without limitation, this news release contains forward‐looking statements and information relating, the future business of the Company, potential roll outs of the Company's products and services, further business from the Company's clients, industry outlook and potential and other matters. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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