Vancouver, Canada, September 29, 2020 – Ynvisible Interactive Inc. (the "Company" or "Ynvisible") (TSX-V: YNV, FSE: 1XNA, OTCQB: YNVYF) is pleased to announce that Mimbly Ab, a Swedish GreenTech start-up that creates sustainable laundry solutions, has chosen Ynvisible's energy-efficient electrochromic displays as the display solution for its product the Mimbox.
Mimbly has developed the Mimbox, a solution that connects to washing machines to recycle water, save energy and capture microplastics. To offer a holistically sustainable product, Mimbly chose Ynvisible's energy-efficient and sustainable electrochromic displays as the display solution for its product. The Mimbox display communicates water savings to the users and instruct in the product's use. Ynvisible's segmented electrochromic displays allowed for seamless integration into the Mimbox device and offered high freedom of design of the display visuals and appearance within the product. Ynvisible provided Mimbly with prototyping services that helped implement the novel display technology into the Mimbox product and is ready to deliver industrial-scale production.
Mimbly is rolling out the Mimbox to twenty-two (22) of the Nordic region's largest property owners as part of a pilot program to show how the solution works. In the initial stage, Mimbly's customers are property owners, hotels, laundries and cleaning companies. Mimbly sees benefits in the scalability of Ynvisible's displays to higher volumes.
Mimbly is a green-tech start-up that wants to make the world wash smarter. The company - which originated from Chalmers University in Gothenburg - has developed a patented technology that recycles up to 70 percent of the water in washing machines and filters out microplastics. Additional information on Mimbly Ab is available at https://www.mimbly.se/
For further information, please contact:
Isabella Palmgren, CEO and Co-Founder, Mimbly Ab
About Ynvisible Interactive Inc.
Ynvisible aims to be a leading company in the emerging printed and flexible electronics sector. Given the cost and power-consumption advantages over conventional electronics, printed electronics are a key enabler of mass adoption of the Internet of Things ("IoT") and smart objects. Ynvisible has the experience, know-how and intellectual property in electrochromic materials, inks, and systems. Ynvisible's interactive printed graphics solutions solve the need for ultra-low power, mass deployable, & easy-to-use electronic displays and indicators for everyday smart objects, IoT devices, and ambient intelligence (intelligent surfaces). Ynvisible offers a mix of services, materials and technology to brand owners developing smart objects and IoT products. Additional information on Ynvisible is available at www.ynvisible.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Jani-Mikael Kuusisto", CEO, Ynvisible Interactive
For further information, please contact:
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This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Ynvisible Interactive Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Ynvisible Interactive Inc. management on the date the statements are made. Except as required by law, Ynvisible Interactive Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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Ynvisible announces that it has granted stock options to certain officers, directors, and employees of the Company to acquire an aggregate of 520,000 common shares in the capital of the Company (the “Stock Options”), pursuant to the Company’s omnibus equity incentive compensation plan.