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.
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.
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
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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.
For more information please contact:
President & Chief Executive Officers
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]
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