Danavation Technologies Corp. announced further U.S. market share capture with an expansion of ongoing ACE Hardware relationship, and an additional six new small format installations for Mexico-based Impulsora, over and above the 12 previously announced. Danavation® has been contracted for the installation of Digital Smart LabelsTM into the first of over 40 locations owned by an independent hardware store banner and operating under the ACE Hardware brand umbrella across the central U.S. This first installation in Ohio is anticipated to be complete by First Quarter 2024 and based on success, could be followed by additional installations across the more than 40 locations within the hardware group's portfolio of retail stores.

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. Danavation® is helping to automate in-store operations and drive improved margins with Digital Smart LabelsTM and Platform-as-a-Service (PaaS) solution, which are ideal for enhancing staff efficiency and reducing costs associated with inaccurate shelf pricing.

Additional Six Store Rollout for Impulsora As previously announced in November of 2022, Danavation® was contracted to complete a full rollout of Digital Smart LabelsTM into the remaining 11 Impulsora locations after a successful initial installation. Based on continued success with the ongoing installations, coupled with the value realized throughout their network of stores, an additional six locations will be outfitted with the Company's Digital Smart LabelsTM on a smaller format basis commencing in early 2024. Impulsora is Mexico's largest distributor of electrical and lighting equipment, offering products of low and high voltage electrical equipment and material from the most recognized brands in the electrical and hardware industry, such as 3M, PHILIPS, WD-40, and BURNDY.

They have a large and fast-moving inventory with more than 100,000 square metres of warehouse space located throughout Mexico.