Danavation Technologies Expands Sales Team with Launch of Danavation West and Strategic Partnership with Barnet POS

Rhea-AI Summary

Danavation Technologies Corp. announces the establishment of Danavation West, a strategic expansion of its sales team, and a partnership with Barnet POS. Danavation West aims to bring specialized knowledge to the liquor, cannabis, and grocery industries in western Canada, while the partnership with Barnet POS promises operational efficiency, real-time updates, and enhanced customer experience for its customers.

Toronto, Ontario--(Newsfile Corp. - February 2, 2024) - 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, announces a significant expansion with the introduction of Danavation West and a strategic partnership with Barnet POS.

Expanding Sales Team with Danavation West

Danavation® proudly unveils the establishment of Danavation West, marking a strategic expansion of its sales team. This initiative focuses on enhancing support and expertise in the western regions, particularly in Alberta, British Columbia, and Yukon. The dedicated team at Danavation West aims to bring specialized knowledge to the liquor, cannabis, and grocery industries.

Strategic Partnership with Barnet POS

In a significant stride forward, Danavation West has forged a strategic partnership with Barnet POS, a distinguished player boasting a substantial customer base exceeding 500 customers, spanning from cannabis to liquor. This collaboration marks a pivotal moment in reshaping the digital solutions landscape within the liquor, cannabis, and grocery industries.

Barnet POS, celebrated for its leadership in Point of Sale solutions, stands out with its diverse clientele. With over 500 customers in its portfolio, Barnet POS is an industry leader. This strategic partnership ensures a seamlessly integrated solution, as Digital Smart Labels™ by Danavation join forces with Barnet POS. The outcome is a powerful and efficient toolset empowering businesses to automate labeling, pricing, product information, and promotions in real-time.

How Digital Smart Labels™ Will Benefit Barnet POS Customers:

Operational Efficiency: The integration of Digital Smart Labels™ with Barnet POS ensures a streamlined and automated process, reducing manual efforts and operational costs for businesses.

Real-time Updates: Customers of Barnet POS will benefit from real-time updates on pricing, product information, and promotions, allowing for quick and agile responses to market changes.

Enhanced Customer Experience: The combined solution promises to elevate the overall customer experience by providing accurate and up-to-date information, contributing to improved satisfaction and loyalty.

Together, Danavation and Barnet POS are committed to delivering a cutting-edge solution that empowers businesses to thrive in the digital era.

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 at www.danavation.com.

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/196599

FAQ

What is the strategic expansion announced by Danavation Technologies Corp.?

Danavation Technologies Corp. announced the establishment of Danavation West, a strategic expansion of its sales team focusing on the liquor, cannabis, and grocery industries in western Canada.

Who is the strategic partner of Danavation West?

Danavation West has forged a strategic partnership with Barnet POS, a distinguished player in Point of Sale solutions with a substantial customer base.

How will Barnet POS customers benefit from the partnership?

Barnet POS customers will benefit from operational efficiency, real-time updates on pricing and product information, and an enhanced overall customer experience through the integrated solution with Digital Smart Labels™ by Danavation.