Danavation Technologies Corp. Discusses Growing Adoption Rates of Digital Smart Labels(TM), with The Stock Day Podcast

Phoenix, Ariz.–(Newsfile Corp. – September 21, 2022)- Everett Jolly, host of The Stock Day podcast, welcomed John Ricci, CEO of Danavation Technologies Corp. (CSE:DVN) (OTCQB:DVNCF) a Canada-based Internet of Things (“IoT”) technology company and supplier of micro e-paper displays, at the show to discuss the benefits and growing demand of Digital Smart Labels™.

The Applications of Digital Smart Labels™

As the demand for digitization continues to grow, electronic shelf labels present a unique solution for businesses. By utilizing technologies such as Danavation’s Digital Smart Labels™, customers can reduce paper consumption and unnecessary labor while providing real-time data updates for SKUs, promotions and advertising to use. In addition, businesses can also enjoy the benefits of gaining invaluable data on sales speed, stock levels, weather conditions, and promotional opportunities.

“It’s a very efficient way of doing business in 2023 and beyond,” CEO John Ricci said during his Stock Day Podcast interview, before addressing data accessibility and the potential it represents for companies that want to grow their bottom line and want to increase their operational efficiency.

Introducing Digital Smart Labels™

“The market opportunity is global and it is enormous. The adoption rate in Europe is over 80%, while North America is around 6%,” Ricci explained while discussing the growing adoption rates of smart labels across a wide range of industries worldwide, including food, retail, automotive, healthcare and manufacturing markets.

According to a recent report by Research and Markets, the North American smart label market is expected to reach $5.27 billion by 2024. Danavation Technologies Corp. is just beginning to take advantage of this opportunity while it is currently working on several large wells involving well known retail players including True Value, Ace Hardware, IGA and the Liquor Control Board of Ontario (LCBO), one of the largest alcohol retailers in the world.

Also Read :  Amazon sale: Prime Early Access deals live roundup

Danavation’s recurring revenue model

Danavation’s established presence in North America is not its only benefit. With a strong background in hardware and software design, the company offers its customers a fully customizable suite of Digital Smart Labels™ products and features, developed and produced in-house by its technical team. Once set up, Danavation Technologies uses third party financing partners and receives recurring revenue from each system.

Coupled with a software component, the hardware behind the company’s Digital Smart Labels™ technology also offers a 25% to 30% profit margin.

investment potential

Danavation is positioned to benefit from growing demand for digitalization but remains undervalued from an investment perspective. It could represent a significant opportunity for shareholders, especially as the company continues to build on its recurring revenue model.

To learn more about the Company’s current and upcoming projects, or to view financial reports and filings, please visit: https://danavation.com.

To hear the entire interview with John Ricci, follow the podcast link here: https://audioboom.com/posts/8160873-danavation-technologies-corp-discusses-coming-adoption-rates-of-digital-smart- labels-with -the

Investors Hangout is a proud Stock Day sponsor, and Stock Day Media encourages listeners to visit the company’s message board at https://investorshangout.com/.

About Danavation

Danavation Technologies Corp. is a Canada-based Internet of Things (IoT) technology company that provides 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), enable companies across multiple sectors to automate labeling, pricing, products and promotions in real-time, increasing data accuracy Improve and improve performance by eliminating high labor costs and low productivity associated with traditional labor-intensive workflows. By driving the adoption of Smart Retail, Smart Cities and Industry 4.0, our goal is to create a sustainable and profitable business for shareholders while promoting sound environmental, social and governance practices, including through a significant reduction in paper consumption . Danavation has rolled out its solution to retailers across North America, including large grocers and boutiques, while targeting new markets including healthcare providers, manufacturing and logistics companies. Find out more about Danavation’s background and our vision for the future on our website. Also, follow us on LinkedIn, Instagram, Twitter and YouTube for more updates on how we are changing the retail landscape.

Also Read :  This Hugely Popular 3-in-1 Wireless Fast Charger Is On Sale

For more information please contact:

John Ricci
President & Chief Executive Officers
[email protected]

Cindy Gray
5 Quarters Investor Relations, Inc.
Tel: 1-403-705-5076 | [email protected]

Investor Relations – United States

Trevor Brucato, Managing Director
RBMG – RB Milestone Group LLC
New York, New York and Stamford, Connecticut
[email protected] | www.rbmilestone.com

For media relations/management interview requests:

Mr. Nelson Hudes
Hudes Communications International
Tel: 1-905-660-9155 or [email protected]

Forward-Looking Information

This press 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. Specifically, and without limitation, this press release contains forward-looking statements and information regarding the Company’s future business, potential launches of the Company’s products and services, future business of the Company’s customers, industry prospects and potential, and other matters. The forward-looking statements and information are based on certain material expectations and assumptions of the Company’s management. Although the Company’s management believes that the expectations and assumptions upon which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on forward-looking statements and information, as there can be no assurance that they will materialize be right.

Forward-looking statements and information are provided to provide information about management’s current expectations and plans regarding the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Because forward-looking statements and information address future events and conditions, by their nature they involve 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 press release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this press release are made as of the date of this press release, and no obligation is undertaken to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. except as required by applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

Also Read :  Baseball prodigy uses holographic teleportation technology for batting practice: metaverse


About the Stock Day Podcast

Founded in 2013, Stock Day is the fastest growing media company for nano-cap and micro-cap companies. It educates investors while also working with penny stock and OTC companies to provide transparency and clarity about the market’s undervalued, undersold micro-cap stocks. Stock Day offers companies tailor-made solutions for their news distribution in national and international media. The Stock Day Podcast is the premier radio show of its kind in America.

Stock market day media
(602) 821-1102

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137922

Source link