Danavation Announces Strategic Partnership with US-Based Profile Systems Design Group for the Marketing of Digital Smart Labels™

• Danavation enters into strategic partnership with Profile Systems Design Group, Inc. (“PSDG”), an established provider of Point-of-Sale (“POS”) systems across the US • Danavation’s Digital Smart LabelsTM will be marketed to hardware store clients that are managed by PSDG and running their POS systems • Digital Smart LabelsTM test installations planned for up to four demonstration centres

Published 2022-02-11

Toronto, Ontario, February 9, 2022 – Danavation Technologies Corp. (CSE:DVN, OTCQB: DVNCF) ("Danavation" or the "Company"), a Canadian-based Internet of Things (IoT) technology company and provider of micro epaper displays, today announced a strategic partnership with Profile Systems Design Group, Inc. (“PSDG”), provider of the TransActPOS software, for the marketing and promotion of our Digital Smart LabelsTM (“DSLs”) and innovative Platform-as-a-Service (PaaS) solution. Under this agreement, PSDG has committed to install Danavation’s Digital Smart LabelsTM into an initial demonstration location centre, with plans to move to four test locations before the end of July, 2022, assuming success with the first.

PSDG currently manages and runs its TransActPOS software for a total of 274 hardware stores, including select True Value and Do it Best locations. Through this partnership, PSDG intends to broadly market and showcase Danavation’s solutions to its wide-ranging group of retail customers. Thanks to vendor collaboration, customers of PSDG are afforded the ability to access and gain exposure to new features and other exciting developments before other stores.

“Becoming a partner to Profile Systems Design Group will streamline our ability to offer Digital Smart LabelsTM and our platform-as-a-service (PaaS) solution to an entirely new market of hardware stores in the US, while affording us a significant competitive advantage,” said John Ricci, CEO of Danavation. “Not only are we being positioned in front of 274 potential new customers, but we will also be installing our solution into the first of four demonstration centres for PDSG. As we continue building on our US expansion, we are very pleased to have such a strong and aligned partner.” 

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 IoT automation technology and software Platform-as-a-Service (PaaS), enables companies across various sectors to automate labeling, 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.

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