- After securing significant contracts across 2022, Danavation continues to move towards scalability for 2023.
- 80% of Danavation's expansion will be focused on the United States market, however expansions will also occur across Canada and Mexico.
- Leading Danavation's United State's expansion is new team member, Paul Sexhauer, offering extensive knowledge in the technology and sales space.
Phoenix, Arizona--(Newsfile Corp. - March 2, 2023) - The Stock Day Podcast welcomed 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. CEO of the Company, John Ricci, joined Stock Day host, Everett Jolly, to discuss the Company's expansion and scalability strategy for its Digital Smart Labels™ platform.
Digital Smart Labels™ Applications
Digital Smart Labels™ offer a unique set of applications for a variety of industries globally, including the grocery, retail, automotive, healthcare, and manufacturing markets. By adopting Danavation's Digital Smart Labels™ platform, customers have the opportunity to significantly reduce paper usage, as well as unnecessary labor, while also taking advantage of real-time data analytics and updates, increased margins, and customer service improvements.
Market Opportunity
According to Research and Markets, the global smart label market will reach US$ 27.39 Billion by 2030, growing annually at a rate of 13.8%. In Europe, the adoption rate of smart labels currently sits at around 80%, while North America has an adoption rate of between 5-6%. Despite being slower to adopt such technologies, Research and Markets estimates that by 2024 the North American smart labels market alone will reach a value of US$ 5.27 Billion. And with Danavation Technologies Corp. as the only Digital Smart Labels™ company based out of North America, the Company is poised to benefit from this significant market opportunity.
US Expansion Strategy
After a successful year of new contracts in 2022, Danavation moves into 2023 with scalability as one of its primary focuses. With the recent addition of team member Paul Sexhauer, whose experience in the technology and sales space brings a new wealth of knowledge to the company, Danavation plans to continue its expansion in the US. "80% of the growth in Danavation will occur in the United States, and we find the US market to be very open to the adoption of Digital Smart Labels™ right now," said CEO, John Ricci during his Stock Day Podcast interview, adding that the Company also plans on expanding across Canada and Mexico.
Software Development
As the Company continues to grow, it will also further its development of software applications to add new benefits and add-ons to its suite of Digital Smart Label™ capabilities. According to CEO John Ricci, these features could include larger e-paper displays, revenue generation opportunities for Danavation customers, and new types of hardware. Additionally, Danavation will continue providing efficient rollout strategies for its Digital Smart Label™platform, which currently includes a DIY installation system for its customers.
Investment Potential
With an established customer base and a proven Digital Smart Labels™ technology platform, North American-based Danavation Technologies Corp. is positioned for significant growth as the Company continues to expand globally. With more announcements expected to be released throughout 2023, investors and shareholders are encouraged to learn more about the Company's current and upcoming projects by visiting: https://danavation.com.
To hear John Ricci's entire interview, follow the link to the podcast here: https://audioboom.com/posts/8256700-danavation-technologies-corporation-discusses-2023-expansion-strategy-and-scalability-progress-wi.
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About Danavation
Danavation Technologies Corp. is the only North American-founded and headquartered technology company providing Digital Smart Labels™ and a software Platform-as-a-Service (PaaS) solution that enables companies across various sectors to automate labelling, price, product, and promotions in real-time. Danavation's Digital Smart Labels™ enhance data accuracy and improve performance by removing high labour costs and low productivity typically associated with traditional labour-intensive workflows. 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. As well, follow us on LinkedIn, Instagram, Twitter and YouTube for more updates on how we are transforming the retail landscape.
For further information, please contact:
John Ricci
President & Chief Executive Officer
hello@danavation.com
Kyle Nazareth
Chief Financial Officer
Tel: 289-892-3974 | 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.
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