Business
Danavation Technologies Provides Progress Update, Highlighted by Successful Installations Across Recognized North American Brands
Danavation Technologies Provides Progress Update, Highlighted by Successful Installations Across Recognized North American Brands.
About this update from Danavation Technologies Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - June 16, 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 provide an update for shareholders on the progress made to date with existing installations of our Digital Smart Labels™ and Platform-as-a-Service (\"PaaS\") technology, as well as share insights into the pipeline of future opportunities. \"Looking back over the past 18 months, I am proud of the markets we have accessed, the partners we have secured and the incredible brands that we are working with - and Danavation is just getting started,\" said John Ricci, CEO of Danavation. \"As retailers and other clients realize returns on their investment from using our solution, we look forward to continuing to launch additional multi-location roll-outs, while also attracting new clients and brand families. We look forward to reporting on our progress with the robust pipeline of identified business and numerous potential opportunities being targeted over the coming months.\"Setting the Stage for Additional Multi-Store Roll-OutsSince going public in early 2021, Danavation has continued to actively penetrate new markets and new verticals for our Digital Smart Labels™, while capturing further market share. Our sales team is constantly introducing Danavation's innovative offering to new potential clients, locations and brands, which is reflected in our reach that today spans across North America, Mexico and the Caribbean. Outlined below is a quick snapshot of our success with various brands, which provides clear validation of our strategy, and helps set the stage for future installations. With many of the brands below, there are multi-store arrangements in the pipeline, and we anticipate being able to launch additional roll-outs into new locations in the coming months. Brand / Client Name# Locations InstalledFuture Potential OpportunitiesACE Hardware (US)5Ace Hardware has >5,000 independently owned stores around the worldTrue Value Hardware (US)2True Value has >4,500 stores in 60+ countries globally & 13 regional distribution centersLCBO (Liquor Control Board of Ontario) (ON)3Building on relationship with LCBO, one of the world's largest buyers and retailers...