Business
Danavation Provides Corporate Update Including Recent Milestone Achievements
Danavation Provides Corporate Update Including Recent Milestone Achievements.
About this update from Danavation Technologies Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - August 30, 2023) - Danavation Technologies Corp. (CSE: DVN) (OTCQB: DVNCF) (\"Danavation\" or the \"Company\"), the only North American-founded and headquartered technology company providing micro e-paper displays, is pleased to provide a corporate update highlighting some recent notable events and progress with installations that will help set the stage for 2024. \"Danavation has continued to make progress and secure new installation contracts as the hard work our team has put in over the last few years has really helped build momentum and propel the Company forward,\" said John Ricci, CEO of Danavation. \"With multiple retailers recognizing the benefits of deploying our solution, we see the opportunity to continue securing full rollouts of our Digital Smart LabelsTM and feel we are well positioned with a low-risk, service-first value proposition driven by management's 25-plus year relationships with large retail and grocery brands across Canada and the US.\"Since our go public event in early 2021, Danavation has continued to expand our presence across various markets, geographies and industries with the offering of our innovative Digital Smart Labels™. Our sales team has been actively marketing the Company's platform-as-a-service (\"PaaS\") solution to prospective new clients and brands, and we have been successful in capturing additional market share across North America, Mexico, and the Caribbean. Today, more than 35 retailers, brands and other businesses leverage Danavation's Digital Smart Labels™ and PaaS technology to enhance their efficiencies, streamline logistics and control costs.Setting the Stage for Incremental GrowthDanavation has continued to gain traction in new markets across North America and Mexico, and we have onboarded retailers that span in size from local family-owned businesses to large, multi-national corporations. The Company looks forward to further building on this momentum through 2024 as we drive towards the ultimate goal of positive cash flow and profitability. We are pleased to provide updates on previously announced installations as outlined below. Rabba Fine Foods - With 35 local markets across the GTA and a track record of serving over 100,000 verified customers daily, Rabba Fine Foods offers everything you'd expect and more within their 24-hour l...