2023-02-02 | CSE:DVN | Press Release
- An active distribution strategy across North America is resulting in a steady stream of new Danavations Digital Smart Labels™ contracts for both new and existing retail brands and locations
- Danavation continues to build on its robust retail sales pipeline, which represents a long career of potential opportunities for continued growth in contract installs
Toronto, Ont.–(Newsfile Corp. – February 2, 2023)- Danavation Technologies Corp. (CSE:DVN) (OTCQB:DVNCF) (“Danavation” or the “company“), the only North American founded and resident technology company offering micro e-paper displays, is pleased to announce that we have completed two new contract installations for our innovative Digital Smart Labels™, including two locations for a liquor retailer in the Yukon, along with another True Value Hardware location in California, further demonstrating the benefits of Danavation’s existing relationship with the True Value umbrella brand. Combined, these two contracts are expected to close approximately and will expand the Company’s growing annual recurring revenue base.
New contract details
Big Bear Doner Kebab & Liqueur – Two installations in Whitehorse, Yukon
Big Bear Liquor & Donair is a liquor retailer and restaurant with two locations in Whitehorse, Yukon, each stocking a wide selection of domestic and imported wines, beers and spirits. Because both locations also have an attached restaurant, Big Bear is a local gathering place, regularly frequented by members of the community. This is Danavation’s first installation in the Yukon Territory, with both sites expected to be complete in mid-spring 2023.
true value – Installation in a builders’ merchant in California
A retail banner under the True Value umbrella in California is to feature our Digital Smart Labels™ and is scheduled for completion in Spring 2023.
“We are proud to equip our first location in the Yukon Territory and continue to provide our expertise to help wine, beer and spirits retailers seamlessly and effectively manage their product pricing, promotions and at-shelf details instantly and contactless update,” said John Ricci, Chief Executive Officer of Danavation. “In addition, we are very pleased to continue to expand our US expansion efforts and our relationship with the True Value family to offer our solution to retail owners looking to reduce costs, improve efficiencies and improve the bottom line.”
Accelerating momentum across North America
Including the above contracted installations, Danavation has announced the installation of our Digital Smart Labels™ at eight new retail locations in Canada and the US since early 2023 alone, including two additional ACE Hardware locations, two Fowler’s Garden Center locations and an additional building materials store in Quebec. As our sales team continues to successfully convert leads into revenue-generating contracts, we look forward to sharing news of additional approved installs with our stakeholders.
Danavation Technologies Corp. is the only North American-based technology company to offer Digital Smart Labels™ and a software platform-as-a-service (PaaS) solution that enables businesses across multiple industries to automate labeling, pricing, products and promotions Real time. Danavation’s Digital Smart Labels™ increase data accuracy and improve performance by eliminating high labor costs and low productivity typically associated with traditional labor-intensive workflows. Our goal is to create a sustainable and profitable business for shareholders while promoting sound environmental, social and governance practices, including through a significant reduction in paper consumption. Danavation has rolled out its solution to retailers across North America, including large grocers and boutiques, while targeting new markets including healthcare providers, manufacturing and logistics companies. Find out more about Danavation’s background and our vision for the future on our website. Also, follow us on LinkedIn, Instagram, Twitter and YouTube for more updates on how we are changing the retail landscape.
For more information please contact:
President & Chief Executive Officers
5 Quarters Investor Relations, Inc.
Tel: 1-403-705-5076 | [email protected]
Investor Relations – United States
Trevor Brucato, Managing Director
RBMG – RB Milestone Group LLC
New York, New York and Stamford, Connecticut
[email protected] | www.rbmilestone.com
For media relations/management interview requests:
Mr. Nelson Hudes
Hudes Communications International
Tel: 1-905-660-9155 or [email protected]
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