Source: Danavation Technologies Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Danavation Technologies (DVN) confirms the second installation of digital smart labels at Ace Hardware location in South Carolina
  • The Heuser family owns ace hardware
  • This second installation into the Pawley’s Island location was confirmed shortly after the first installation
  • This recent move from Danavation helps the company push further into the U.S. market through expansion
  • Ace Hardware is a community-minded organization with over 5,000 stores worldwide
  • Danavation Technologies (DVN) is up 4 per cent, trading at C$0.26 at 2:27 pm EST

Danavation Technologies (DVN) has installed Digital Smart Labels at an Ace Hardware location in South Carolina.

The Heuser family owns Ace Hardware. This installation at the Pawley’s Island location was confirmed shortly after the first installation.

While still early, Heuser has confirmed the results of their digital tag initiative have proven successful and demonstrated results on track with internal modelling.

In addition to the automated price updating feature that saves time in person-hours, the Heuser owners are including improved inventory control by displaying the quantity-on-hand right on the Digital Smart Label to quickly identify shortages and enhance inventory accuracy.

Bob Heuser, Owner of the Pawley’s Island Ace Hardware location, said, “While a system like this may seem more cost-intensive up-front, we’ve determined it’s equivalent to hiring an employee for three years who never takes a day off, or a sick day, or goes on vacation.”

“After three years, it is [pretty much] free and has paid for itself. As we’re all trying to hire people right now, this was an easy move and offered a clear return on investment,” continued Heuser.

Ace Hardware is a community-minded organization with over 5,000 stores worldwide, independently owned and operated by local Ace retail entrepreneurs.

Danavation’s Digital Smart Labels and Platform-as-a-Service (PaaS) solution help automate in-store operations and drive improved margins by enhancing staff efficiency and reducing costs associated with inaccurate shelf pricing.

“Danavation is extremely pleased to continue building on existing relationships with retailers operating under the Ace Hardware brand, particularly Bob Heuser and his family in South Carolina,” said John Ricci, CEO of Danavation.

Danavation Technologies is a Canadian-based Internet of Things (IoT) technology company providing micro e-paper displays to organizations across North America.

Danavation Technologies (DVN) is up 4 per cent, trading at C$0.26 at 2:27 pm EST.


More From The Market Herald

" No pain, no blood: BETTER Type 2 diabetes testing is coming to market

Over the past two years, reporting on the Covid-19 pandemic has dominated media airwaves.
Smart Employee Benefits - CEO, John McKimm.

" Smart Employee Benefits (TSXV:SEB) exceeds $76.5M in contracts for FY2022

Smart Employee Benefits (SEB) has surpassed $76.5M in contract wins for FY2022.
Featured Video Play Icon

" Kraken Robotics (TSXV:PNG) demonstrates KATFISH High Speed Towed SAS

Kraken Robotics (PNG) recently participated in the Royal Navy’s (RN) WILTON Industry Show and Experiment (WISEX).
Clear Blue Technologies - CEO, Miriam Tuerk.

" Clear Blue Technologies (TSXV:CBLU) receives $5M grant funding from SDTC

Clear Blue Technologies International (CBLU) is part of a cohort of six innovative Canadian companies selected to receive a cumulative $18.7 million in...