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Danavation (CSE:DVN) signs contract for Digital Smart Labels in over 90 Peavey Mart locations

Market News, Technology
CSE:DVN
05 April 2023 10:40 (EDT)

Source: Danavation Technologies Corp.

Danavation (DVN) has signed a tentative agreement to introduce Digital Smart Labels into Peavey Marts across Canada.

The 94 Peavey stores across Canada offer products and services in agriculture, farm and ranch, pet, workwear, lawn and garden, hardware and homesteading. Peavey Industries owns the brand, as well as Ace Canada and MainStreet Hardware.

Danavation’s automated Digital Smart Labels are designed to streamline the shopping experience, enhance a store’s operational efficiencies, and elevate the return on investment for management by freeing up staff time from manual price and promotion changes.

John Ricci, CEO of Danavation, views the Peavey Mart contract as a significant revenue opportunity.

Danavation Technologies offers micro e-paper displays, known as Digital Smart Labels, and a software platform to automate labelling, price, product and promotions in real time.

Danavation (DVN) opened today at $0.17 per share.

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