Toronto, Ontario, June 15, 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 we have executed a Letter of Intent (LOI) for the installation of our Digital Smart LabelsTM in the Canadian Gas and Empire Corner location along the Haldimand Hwy 56 in York, Ontario, which includes an Esso gas station with a convenience store and an LCBO outlet. Including this installation, Danavation will have eight distinct full store installations and 13 pilot locations currently in place across numerous different customers in North America.
Not only will Digital Smart LabelsTM be installed within the Esso-branded Canadian Gas and Empire Corner self-service gas station convenience store, but the arrangement also includes installation within the attached LCBO location, adding another store to Danavation’s existing LCBO portfolio. The LCBO (Liquor Control Board of Ontario) is an Ontario government enterprise and one of the world’s largest buyers and retailers of beverage alcohol. LCBO locations are found throughout Ontario selling wine, beer and spirits with over 28,000 products in more than 660 retail stores, almost 400 LCBO Convenience Outlets, and approximately 450 grocery stores where LCBO acts as a wholesaler.
“Danavation is thrilled to be working with the Esso-branded Canadian Gas and Empire Corner along with their LCBO attachment to streamline operations, automate processes and eliminate the need for paper labels,” said Danavation’s CEO, John Ricci. “Our Digital Smart LabelsTM offer a cost-effective solution to quickly, easily and accurately update price and point-of-sale information while alleviating the burden of manual processes.”
The installation of Danavation’s Digital Smart LabelsTM at the Canadian Gas and Empire Corner and LCBO outlet in York, Ontario is anticipated to begin in the fall 2021.
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. 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:
President & Chief Executive Officer
5 Quarters Investor Relations, Inc.
Tel: 1-403-705-5076 | [email protected]
For media relations / management interview requests:
Mr. Nelson Hudes
Hudes Communications International
Tel: 1-905-660-9155 or [email protected]
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