Vancouver, Canada, January 5, 2022 - Ynvisible Interactive Inc. (TSX-V: YNV, FSE: 1XNA, OTCQB: YNVYF) ), a fast-growing firm in the Internet of Things (IoT) market, announces that effective December 31, 2021, Michael Robinson has resigned as Chief Executive Officer of the Company in order to pursue an opportunity outside the Internet of Things industry. Ramin Heydarpour, Ynvisible’s Executive Chairman, will assume the role of Interim Chief Executive Officer to focus on the commercialization of Ynvisible’s products.
“This was a difficult decision that I reached after much reflection. It has been a privilege working as CEO, shoulder-to-shoulder with the best team in the business since September 2020. I am proud of all we have accomplished together to serve our investors and clients. I want to thank the team and the Board of Directors for their support,” said Mr. Robinson.
Ramin Heydarpour, Executive Chairman, stated, “On behalf of the Board, we thank Mr. Robinson for his service and accomplishments during his tenure as CEO, particularly during the COVID-19 pandemic. We wish Michael the very best. I am most confident of Ynvisible’s 1-3 year commercial strategies and I take on the CEO role with a view to execute on those strategies whilst the Company finds a seasoned executive to serve as a successor to Mr. Robinson.”
About Ramin Heydarpour
Ramin Heydarpour, who has served on Ynvisible’s board of directors since December 2020, is founder and managing partner of Flex R&D Inc., a California-based engineering consulting firm with deep expertise in roll-to-roll process and product development. He was previously Global Vice President with AveryDennison, where he led the development of innovative products in food packaging, brand identification, office and consumer products.
He has a track record of inventing and developing new products in a broad range of applications, including flexible packaging, RFID tags, and pressure-sensitive labels. He holds 26 patents. Various leadership positions at Fortune 500 companies in the past 25 years has provided Mr. Heydarpour with a broad perspective and a clear insight in the following areas:
• Building effective R&D organization and growing technical talent
• Alignment of technical capabilities with business strategy
• Connecting unmet market needs to technical solutions
• Efficient development and scale-up of new products
About Ynvisible Interactive Inc.
Ynvisible aims to be a leading company in the emerging printed and flexible electronics sector. Printed electronics are a key enabler of mass adoption of the Internet of Things ("IoT") and smart objects, given the cost and power-consumption advantages over conventional electronics. 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
Ynvisible Interactive Inc.
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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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