Danavation Announces Installation of Digital Smart Labels(TM) for Pierre Naud, Home Improvement and Hardware Retailer in Quebec

• Installation of Digital Smart Labels™ into the first of up to six Pierre Naud locations, Canada’s oldest building supplies and hardware retailer

• Pierre Naud Inc., founded in 1890, is a construction and renovation material supplier located in the Mauricie and Capitale-Nationale regions of Québec

Toronto, Ontario–(Newsfile Corp. – September 27, 2022) – Danavation Technologies Corp. (CSE: DVN) (OTCQB: DVNCF) (“Danavation” or the “Company“), the only North American-founded and headquartered technology company providing micro e-paper displays, is pleased to announce that we have secured an installation of Digital Smart Labels™ into the first Pierre Naud Inc. (“Pierre Naud“) branded store, located in La Tuque Québec. Predicated on the success of this first installation, we anticipate a full roll-out to Pierre Naud’s five additional locations across the Mauricie and Capitale-Nationale regions of Québec, further building on Danavation’s success in the hardware and home improvement verticals. Installation is expected to begin by the end of September 2022 with plans for the location to be fully operational by the end of this year.

As an independently operated store under a national building material brand, Pierre Naud has already begun taking steps to expand and modernize their location, which includes the deployment of Danavation’s Digital Smart Labels™ and Platform-as-a-Service (PaaS) solution. The implementation of this modernized strategy is intended to drive improved margins by enhancing staff efficiency and reducing costs associated with inaccurate shelf pricing, as well as being good stewards of the environment by eliminating the use of paper shelf labels. Danavation’s innovative, efficient and long-life technology can offer retailers a clear return on their investment over time. Since Pierre Naud is part of a larger buying group, Danavation is afforded exposure to a broader potential audience of retailers who can observe first-hand the benefits of our solution.

“We are excited to continue building our presence in Quebec with this installation for Pierre Naud, another widely-respected, multi-location retailer, who are implementing our clean and modern Digital Smart Labels™ at their first of six potential locations,” said John Ricci, CEO of Danavation. “Pierre Naud has built a long-standing family spirit that includes three generations of family members working together on projects such as these and Danavation is thrilled to be working with this new business partner and to be providing them with a cost effective, green and labour-conscious IoT solution.”

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.

For further information, please contact:

John Ricci
President & Chief Executive Officer
hello@danavation.com

Cindy Gray
5 Quarters Investor Relations, Inc.
Tel: 1-403-705-5076 | investors@danavation.com

Investor Relations – United States

Trevor Brucato, Managing Director
RBMG – RB Milestone Group LLC
New York, NY & Stamford, CT
danavation@rbmilestone.com | www.rbmilestone.com

For media relations / management interview requests:

Mr. Nelson Hudes
Hudes Communications International
Tel: 1-905-660-9155 or nelson@hudescommunications.com

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.

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