- Danavation continues our US expansion with the second installation of Digital Smart LabelsTM into a South Carolina location of Ace Hardware
- Installs at two additional locations under the same ownership group are expected to be completed in early 2023
- This represents Danavation’s continued success expanding our presence and reach in the U.S.
Toronto, Ontario, August 23, 2022 – Danavation Technologies Corp. (CSE:DVN, OTCQB: DVNCF) (“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 completion of an installation of Digital Smart Labels™ into the Pawley’s Island location of Ace Hardware in South Carolina, owned by the Heuser family, which follows closely on our first installation for the Heuser ownership group announced April 7, 2022. This second installation into the Pawley’s Island location was confirmed shortly after the first installation, and we anticipate outfitting Heuser’s remaining two South Carolina stores in early 2023. This supports Danavation’s further expansion into the U.S. market and demonstrates our ability to foster trusted relationships with established brands such as the Ace Hardware family.
While relatively early, Heuser has indicated the results of their digital tag initiative have proven successful and demonstrated results on track with internal modeling. In addition to the automated price updating feature that saves time in person-hours, the Heuser owners are realizing other benefits including improved inventory control by displaying the quantity-on-hand right on the Digital Smart Label™, to quickly identify shortages and enhance the accuracy of inventory. Further, deploying Danavation’s solution resulted in a substantial morale boost among associates within the stores, and enabled sales experts focus on what they do best – helping customers.
Bob Heuser, Owner of the Pawley’s Island Ace Hardware location said, “While a system like this may seem more cost intensive up-front, we’ve determined it’s equivalent to hiring an employee for three years who never takes a day off, or a sick day, or goes on vacation. After three years, it is effectively free and has paid for itself. As we’re all trying to hire people right now, this was an easy move and offers a clear return on investment.”
Ace Hardware is a community-minded organization with over 5,000 stores around the world, independently owned and operated by local Ace retail entrepreneurs. Ace stores come in all shapes and sizes based on the needs of each individual neighborhood, from small, urban stores to large rural stores and everything in between. Danavation’s Digital Smart Labels™ and Platform-as-a-Service (PaaS) solution are ideal to help automate in-store operations and drive improved margins by enhancing staff efficiency and reducing costs associated with inaccurate shelf pricing.
“Danavation is extremely pleased to continue building on existing relationships with retailers operating under the Ace Hardware brand, particularly Bob Heuser and his family in South Carolina,” said John Ricci, CEO of Danavation. “We remain focused on robust sales efforts and I’m so proud of our team’s ability to secure new installations and attract interest from a variety of retailers and other verticals across North America and beyond.”
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 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:
| John Ricci
President & Chief Executive Officer |
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.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
