Danavation Technologies : to Install Digital Smart Labels into Familiprix Pharmacy Location in Greater Montreal Area

Toronto, Ontario - Danavation Technologies Corp. (CSE:DVN) ('Danavation' or the 'Company'), a Canadian-based Internet of Things (IoT) technology company and provider of micro e-paper displays, announced the first installation of our Digital Smart LabelsTM technology for Familiprix Pharmacy ('Familiprix') within the Brossard location just outside of Montreal, Quebec. Familiprix is a Canadian group of independent pharmacies with over 400 locations and more than 6,450 employees across Quebec and New Brunswick generating retail sales of over a billion dollars[1]. Initially, Danavation will install the Digital Smart LabelsTM at the Brossard Familiprix location. Based on success, there is potential to expand further across additional Familiprix locations in the future.

Familiprix, which celebrated its 40th anniversary in 2020, is the only banner in Quebec that is 100% owned by its pharmacists. Similar to Danavation, Familiprix is an innovative organization with their own prescription software, POS software, mobile applications, digital platforms and distribution centers in Quebec City. As one of the most admired companies in Quebec and among the top 500 most important companies in that province, Familiprix prides themselves on playing a more active support role daily to improve their patients' health[2] [3].

'We are very excited about this first installation of our Digital Smart LabelsTM in Quebec, and to be partnered with a sizeable, prestigious and independently-owned company like Familiprix,' said John Ricci, CEO of Danavation. 'Management at the Brossard Familiprix location are eager to adopt further automation into their pharmacy, thereby shifting employee time from tedious manual price changes to high-value customer interactions focused on increasing sales and enhancing service.'

[1] https://www.familiprix.com/en/pages/press-kit

[2] Les Affaires, 2019

[3] Reputation Study, Leger, 2019

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.

Contact:

John Ricci

President & Chief Executive Officer

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Cindy Gray

5 Quarters Investor Relations, Inc.

Tel: [phone]

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Media

Management interview requests

Mr. Nelson Hudes

Hudes Communications International

Tel: [phone]

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Forward-Looking Information

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