Danavation Technologies Corp. announced that the Company has secured five new contracts for installations of innovative Digital Smart LabelsTM into two additional locations under the ACE Hardware banner, two for Fowler's Garden Centres in New York, as well as one installation for an independently operated store under a national building material brand in Quebec. The total contracted value of these five installations is expected to represent one-time revenue of approximately $800,000 with ongoing recurring revenue thereafter, for the life of the contract.

Continued success in securing installations is a testament to the value realized by deploying Digital Smart LabelsTM while also demonstrating Danavation's ability to foster trusted relationships across North America. ACE Hardware is a community-minded organization with over 5,000 stores around the world, independently owned and operated by local ACE retail entrepreneurs. Ace stores come in all shapes and sizes based on the needs of each individual neighborhood, from small, urban stores to large rural stores and everything in between.

These two new locations support Danavation's further expansion into the U.S. market and demonstrates ability to foster trusted relationships with established brands such as the ACE Hardware family. The two ACE locations are in California and South Carolina, respectively, with the latter owned by the Heuser family, and is the third installation for the Heuser ownership group (the first and second were announced April 7, 2022 and August 23, 2022. Danavation's Digital Smart LabelsTM and Platform-as-a-Service (PaaS) solution are ideal to help automate in-store operations and drive improved margins by enhancing staff efficiency and reducing costs associated with inaccurate shelf pricing.

This new Quebec location is one of 17 corporate stores operated under a national building material brand in Quebec, located mainly in the Greater Montreal region. This new location is the second independently operated store under this banner to contract for Danavation's Digital Smart LabelsTM and Platform-as-a-Service (PaaS) solution. Implementing 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.