Danavation Technologies Continues Expansion with New Hardware Co-Op Partnership and Signings in Macadoodles and True Value

Rhea-AI Summary

Danavation Technologies Corp. announces multiple partnerships with hardware Co-Ops and retailers, expanding its presence in the retail industry. The collaborations aim to enhance operational efficiency, pricing accuracy, and customer engagement through the deployment of Digital Smart Label solutions.

Toronto, Ontario--(Newsfile Corp. - March 13, 2024) - Danavation Technologies Corp. (CSE: DVN) ("Danavation"), a leader in Internet of Things (IoT) technology, is thrilled to announce the signing of six new stores, further solidifying its growth and presence in the retail industry.

Expanding Footprint with Major Hardware Co-Op Partnership, Launching Digital Solutions in Four Tennessee Stores

Danavation is excited to announce its partnership with another prominent hardware Co-Op, adding to its impressive portfolio of collaborations. This new partnership, boasting over 1,500 owners under their banner, marks a significant milestone for Danavation as the preferred supplier to these owners.

As the preferred supplier, Danavation is starting its partnership with the hardware Co-Op by deploying Digital Smart Label™ solutions in four stores across Tennessee. This strategic move underscores the mutual commitment to innovation and operational efficiency. The deployment in these initial stores will serve as a pilot program, showcasing the transformative impact of Danavation's solutions on pricing accuracy, operational efficiency, and customer satisfaction.

Danavation's status as the only truly North American-based supplier provides these owners with a competitive advantage, ensuring they receive the best pricing, service, and overall experience. This partnership is set to revolutionize the way these hardware Co-Op owners manage their stores, setting a new standard for efficiency and customer engagement in the industry.

Strengthening Partnership with Macadoodles in Oklahoma

Danavation has deepened its partnership with Macadoodles, a move that signifies the strong relationship and trust between the two companies. Macadoodles' commitment to excellence aligns perfectly with Danavation's innovative Digital Smart Label™ solutions, which are making a significant impact on the retail landscape. By implementing Danavation's solutions, Macadoodles has been able to streamline operations, enhance pricing efficiency, and improve customer engagement, leading to increased revenue and a more seamless shopping experience for customers. This latest signing in Oklahoma underscores the substantial growth and success Danavation has achieved in delivering cutting-edge technology to retailers nationwide.

Expanding Footprint with True Value in Hawaii

Danavation's partnership with True Value continues to strengthen, particularly in Hawaii, where the need for digital solutions has become increasingly apparent. The retail landscape is evolving rapidly, with the cost of goods fluctuating, staff shortages posing challenges, and the need to maximize margins becoming more critical than ever. Danavation's Digital Smart Label™ solutions address these challenges head-on, providing True Value with the tools needed to adapt to these changes and thrive in a competitive market. The partnership with True Value in Hawaii is just the beginning of a wave of retailers transitioning to digital solutions, driven by the need to reduce costs, improve efficiency, and eliminate margin erosion.

Driving Innovation and Growth

"These new signings are a testament to our commitment to driving innovation and growth in the retail industry," said John Ricci, CEO of Danavation. "We are excited about the opportunities that lie ahead and look forward to continuing to provide exceptional solutions and experiences to retailers and customers."

About Danavation Technologies Corp.

Danavation Technologies Corp. is a Canadian-based IoT technology company, offering micro e-paper displays to organizations across North America. The company's Digital Smart Labels™, powered by IoT automation technology and PaaS, provide real-time solutions for automating labeling, pricing, product information, and promotions.

For further information, please contact:

John Ricci
President & Chief Executive Officer
905-605-6702
hello@danavation.com
investors@danavation.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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/201461

FAQ

What is the latest announcement from Danavation Technologies Corp.?

Danavation Technologies Corp. has announced multiple new partnerships with hardware Co-Ops and retailers.

How many stores have signed partnerships with Danavation Technologies Corp.?

Danavation Technologies Corp. has signed agreements with six new stores.

What type of technology does Danavation specialize in?

Danavation Technologies Corp. is a leader in Internet of Things (IoT) technology.

In which state are Digital Smart Label solutions being deployed as part of a pilot program?

Digital Smart Label solutions are being deployed in four stores across Tennessee as part of a pilot program.

How many owners are under the new hardware Co-Op partnership?

The new hardware Co-Op partnership involves over 1,500 owners.