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Danavation Technologies Confirms Full Roll-Out of Digital Smart Labels(TM) into All 11 Existing Impulsora Stores in Mexico Based on Success of First Installation
Danavation Technologies Confirms Full Roll-Out of Digital Smart Labels(TM) into All 11 Existing Impulsora Stores in Mexico Based on Success of First Installation.
About this update from Danavation Technologies Corp.
[{"type":"text","content":"Success of Impulsora's first installation of Digital Smart Labels™ leads to full chain roll-outFull installation to be complete by mid-2023 to all 11 Impulsora locationsImpulsora is Mexico's largest distributor of electrical and lighting equipmentToronto, Ontario--(Newsfile Corp. - November 30, 2022) - 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 announce that, through our partnership with Unoretail, a marketing and distribution provider of networking and Point-of-Sale systems to retailers in Mexico, we have secured a full roll-out of our Digital Smart Labels™ into all 11 remaining Impulsora locations, and three anticipated new locations once those become operational. This full roll-out follows the success of our initial installation announced on December 29, 2021 and is expected to be complete in all locations by mid-2023. Due to competitive reasons, specific financial details have not been disclosed. \"We are very excited to extend our relationship with Impulsora, who have realized tangible benefits from using our Digital Smart Labels™ in their first location, which drove their decision to complete a full rollout to all existing 11 stores across Mexico,\" said John Ricci, CEO of Danavation. \"This brand-wide expansion represents another key milestone and validation of our strategy as outlined in our October 18, 2022 corporate update release. We look forward to building on this momentum with further coming installations, partnerships and deployments of our Digital Smart Labels™ into new brands, verticals and geographies.\"Impulsora is Mexico's largest distributor of electrical and lighting equipment and began operations in 1954, offering products of low and high voltage electrical equipment and material from the most recognized brands in the electrical and hardware industry, such as 3M, PHILIPS, WD-40, and BURNDY. They have a large and fast-moving inventory with more than 100,000 square metres of warehouse space located throughout Mexico. With 510 employees, Impulsora reported US$129.3 million in sales in 20191.Impulsora's Path to Success:Small pilot installation completed within an initial Impulsora location, which included full integration ...