Danavation Technologies Announces Installation of Digital Smart Labels™ into Luminate Co Wellness Market in Nova Scotia

• This installation of our Digital Smart Labels™ represents Danavation's initial entry into Nova Scotia, further expanding our Eastern Canadian presence and reach
• Completion of installation expected end of June 2022

TORONTO, May 6, 2022 /CNW/ - Danavation Technologies Corp. (CSE: DVN) (OTCQB: DVNCF) ("Danavation" or the "Company"), a Canadian-based Internet of Things (IoT) technology company and provider of micro e-paper displays, today announces the installation of our Digital Smart Labels™ into Luminate Co Wellness Market ("Luminate Co") in Nova Scotia. We are excited to be expanding throughout Canada, and to have our first installation in Nova Scotia with such an innovative and service-oriented provider, and a group whose vision and values align very well with Danavation's. We anticipate the installation will commence by the end of June 2022 with the location expected to be fully operational shortly thereafter.

Since their inception in 2019, Luminate Co has built an environment of support and trust aimed to support their community in the pursuit of holistic health, delicious foods, and wellness experts. Luminate Co offers an inclusive, person-centred approach which is infused into every nook and cranny under their roof. Operating with a planet-first mentality, Luminate Co recognizes the benefits of Danavation's Digital Smart Labels™ as an environmentally friendly and more sustainable solution to reduce paper usage. In addition, our solution is ideal to help automate in-store operations and drive improved margins by enhancing staff efficiency, eliminating manual price updates and reducing costs associated with inaccurate shelf pricing.  

"We are very pleased to be working with the team at Luminate Co for our first entry into Nova Scotia, and to be part of a market that emphasizes inclusion and community. Our shared values of sustainability and embracing the communities we respectively serve are well aligned," said John Ricci, CEO of Danavation. "Our clean and modern Digital Smart Labels™ and unique Platform-as-a-Service solution can be seamlessly integrated with Luminate Co's other in-store systems to help improve paper reduction efforts, operational efficiencies and ultimately, the bottom line."

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 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. 

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, 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.

SOURCE Danavation Technologies Corp.

John Ricci, President & Chief Executive Officer, [email protected]; Cindy Gray, 5 Quarters Investor Relations, Inc., Tel: [phone] | [email protected]; Investor Relations - United States: Trevor Brucato, Managing Director, RBMG - RB Milestone Group LLC, New York, NY & Stamford, CT, [email protected] | www.rbmilestone.com; For media relations / management interview requests: Mr. Nelson Hudes, Hudes Communications International, Tel: [phone] or [email protected]