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Danavation Technologies Corp. Discusses Modernization of Retail Industry Through Their Digital Smart Labels(TM) with The Stock Day Podcast

  • Written by Newsfile

Phoenix, Arizona--(Newsfile Corp. - February 4, 2021) - The Stock Day Podcast welcomed Danavation Technologies Corp. (CSE: DVN) ("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. "Danavation is a Canadian-based IoT technology company providing commercially available state-of-the-art Digital Smart Labels™," shared Ricci. "Digital Smart Labels™ is new technology, which is basically replacing pricing automated systems in grocery stores and other retailers," he explained. "We've been in business for two years, however we have a background in the retail space of over 30 years," said Ricci.

"Digital Smart Labels™ enable clients to automate labeling, pricing, product info, and run promotions in real-time," he continued, adding that the technology can be utilized by retailers, grocery stores, big-box stores, and convenience stores, as well as health care providers, manufacturers, and logistics companies. "Growth continues to be driven by the development of proprietary products and services within the retail and grocery segment."

"For people listening to the interview, why should they take a look at your company and why should they invest in your company?", asked Jolly. Ricci elaborated on the challenges retailers commonly experience when trying to automate pricing, and shared how Digital Smart Labels™ solve these issues. "We're the only company that has been founded and ground-based in North America," said Ricci, noting that the Company has been a Canadian company since 2018. "What I've learned to know with 30 years of retail experience is how to deal with North American retailers, what is expected of us, and how to service these customers," said Ricci. "We have our on-site tech support team, our internal software engineers, we answer the phone, and we are 24/7."

"We design our products, as well as our own software, so we're an all encompassing company in that we're close knit and we have a dynamic team where everything is done internally. We're proud of the fact that most of our technology and all of our proprietary technology has been developed internally," shared Ricci.

"What are your target markets?", asked Jolly. "Retail grocery is the first thing that sticks out," said Ricci. "Other retail markets that are not grocery related are of course toy companies and the big box stores," he added. Ricci shared that the Company's target market also includes healthcare, which can utilize the technology to further modernize the industry. "We can easily display health care information, allergies, risks, diet, and other critical patient data, all in real-time," said Ricci, noting that additional markets include the military supply chain, manufacturing, and animal services and shelters, where operations can be further streamlined with improved efficiency using the Digital Smart Labels™ technology.

"We work with a whole bunch of different retailers," explained Ricci, before encouraging listeners to visit the Company's website[1] and check out their IR section and various resources to learn more about their technologies.

Jolly then asked about the Company's revenue model. "So, our revenue model is similar to a cell phone model; we recognize recurring revenue," said Ricci. "We do know in our discussions with retailers that most, if not all, of them have filing managers that work internally in each store. That store is responsible for doing all of the SKU changes on a once per week, twice per week basis," he explained. "It's very labor intensive," added Ricci, noting that the process also incurs numerous expenses. "We price our hardware, software, service, and all of the extended warranties in a monthly charge to a customer, which becomes our recurring revenue."

"We'll be spinning off features on a regular basis to our customers, which results in the added benefits of the DSL system and what it can do for them, and we get the added benefits of the recurring revenue model," said Ricci.

To close the interview, Ricci encouraged listeners to consider the modernization of retailers and the need for digital solutions in this space moving forward. "We live in the world now where cleanliness and less clutter is paramount to the success of a retail establishment," said Ricci. "Digital Smart Labels™ offer clean technology, rapid updates, are cost effective, and are engaging with customers."

To hear John Ricci's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7791206-danavation-technologies-corp-discusses-modernization-of-retail-industry-through-their-digital-sm.[2]

Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.com/.[3][4]

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 leading 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 ("ESG") practices, including by significantly reducing paper usage. Danavation is proud to support some of North America's leading retailers, including big box and boutique grocers as well as 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[5].

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, 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. The forward-looking statements in this press release include the information related to the future business of the Company, and other matters. 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.

About The "Stock Day" Podcast

Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.

SOURCE:Stock Day Media(602) 821-1102

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/73674[6]

Read more https://www.newsfilecorp.com/release/73674/Danavation-Technologies-Corp.-Discusses-Modernization-of-Retail-Industry-Through-Their-Digital-Smart-LabelsTM-with-The-Stock-Day-Podcast

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