Toronto, Ontario, February 24, 2021 – 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, is pleased to announce the deployment of its Digital Smart LabelsTM at Bombay Spice’s Hamilton store located just outside Toronto, Ontario, which is to be followed by a full roll-out strategy to all of the retailer’s stores across Canada.
Building on this foundational launch, Danavation and Bombay Spices, supported by their IT security firm, Swank Technologies, intend to commence the immediate roll-out of the Company’s smart label technology within all 17 of Bombay Spices’ locations in Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia and New Brunswick, which is expected to be complete by early 2022. Bombay Spices is a specialty East Indian grocery chain offering more than 7,000 products and 200 brands procured from India and North America. By implementing Danavation’s Digital Smart LabelsTM across all stores, Bombay Spices gains the ability to update product and pricing at the shelf without the usual labour-intensive process, saving time and money.
“We are thrilled to announce that another multi-location retailer has selected Danavation as the solution of choice to automate in-store labelling, pricing, product info and promotions in real-time,” said John Ricci, CEO of Danavation. “Bombay Spices is a long-standing, quality grocer, whose locations across Canada will help us reach a broader segment of the market, while we provide each store with a cost effective and labour-conscious IoT solution.”
Danavation’s business model is targeting growth from the provision of proprietary and transformative micro e-paper displays, or Digital Smart LabelsTM. Against the backdrop of an ever-changing retail landscape, the Company is positioned to help global brands evolve into the digital era, facilitating retail modernization through dynamic pricing strategies, improved pricing accuracy and increased labour productivity, which ultimately increases client profitability and reduces the environmental footprint.
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 labour costs and low productivity associated with traditional labour-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, including 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 at www.danavation.com.
For further information, please contact:
President & Chief Executive Officer
5 Quarters Investor Relations, Inc.
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For media relations / management interview requests:
Mr. Nelson Hudes
Hudes Communications International
Tel: 1-905-660-9155 or [email protected]
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