Danavation Technologies Corp. Discusses Multi-Store Activations in 2022 and Upcoming Software Deal On The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - October 27, 2021) - The Stock Day Podcast welcomed Danavation Technologies Corp. (OTCQB: DVNCF) ("the Company"), a Canadian-based, Internet of Things (IoT) technology company, providing micro e-paper displays to organizations across North America. CEO of the Company, John Ricci, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's background and current projects. "We are a software company that designs and engineers our own hardware and software in the electronic shelf label space," said Ricci. "We digitize pricing, promotion, and advertising information at the shelf," he continued.
"What have you been doing on the marketplace since the last time you were on the show?" asked Jolly. "We signed some major deals with retailers both in Canada and the US in various markets," said Ricci. "We're doing first store activation, many in Canada and in the US. We have noticed there's an appetite for these same retailers or customer base to start talking roll outs in 2022," he shared. "We're well on our way to having a real business in 2022 with a lot of multi-store activations with specific retailers."
"What are Digital Smart Labels™?" asked Jolly. "They retrieve product information, pricing, and promotions through Basestations that are directed from servers off-site," explained Ricci. "So, a grocery store could have a head office and control one hundred or two hundred locations and at the click of a keystroke, change pricing or promos in real time."
"We design and engineer our own hardware and software in-house," said Ricci. "We feel that we have a really good advantage and have a legacy business that has been around for thirty years," he added. "Being able to pivot our software for specific applications makes us more than a one-dimensional company."
"We have some exciting software coming out in the next few months that is really going to wow the marketplace and give retailers something to keep customers in their stores longer and help stimulate their buys and increase sales where it matters most," shared Ricci.
"How big is the market and how do you make money?" asked Jolly. "The market is massive," said Ricci, before elaborating on numerous applicable industries for their technology. "It is a subscription," explained Ricci. "You'll pay X dollars per month for the contract and that includes hardware and software, as we add software features there will be additional costs."
Jolly then asked about the transition from paper labels to Digital Smart Labels™. "We are talking about a 5% adoption rate in North America, which is really low," said Ricci. "You are getting some real educated customers and retailers, and we are doing a really good job of marketing our product," he continued. "The price point has come down," added Ricci, noting that the Company is also showing a positive ROI. "It is just not something that is going to happen overnight," he said. "We're ready for the big wave and we know it's coming."
"What excites you the most about your company's future?" asked Jolly. "We engineer and design our own software, so that is exciting," said Ricci. "The second thing is that it is a massive market," he added. "We're not just in grocery stores," said Ricci. "We're opening up other vertical markets," he explained. "We recently signed a big software deal with a big retailer and we're very proud of that."
To close the interview, Ricci encouraged listeners and shareholders to learn more about the Company's technology through their live showroom and website. He also elaborated on the Company's potential as their team continues to work diligently on their expansion and growth.
To hear John Ricci's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7968099-danavation-technologies-corp-discusses-multi-store-activations-in-2022-and-upcoming-software-dea
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. As well, follow us on LinkedIn, Instagram, Twitter and YouTube for more updates on how we are transforming the retail landscape.
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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