Vancouver, Canada, November 12, 2020 – Ynvisible Interactive Inc. (the "Company"or "Ynvisible") (TSXV: YNV, FSE: 1XNA, OTCQB: YNVYF) is pleased to welcome Piotr Wierzchowiec, Ph.D., as the Head of Functional Ink Products & Development. The Company also concludes the expansion of its Advisory Board with three experts from the logistics and supply chain management, organic electronics, and technology venture capital industries.
FULFILLING FUNCTIONAL INK PRODUCTS & DEVELOPMENT
Dr. Wierzchowiec brings Ynvisible over twelve years of experience in developing materials, inks, and printing processes for organic and printed electronics, including display applications. He joins the Company from Merck KGaA, an internationally leading science and technology company in healthcare, life science, and performance materials. At Merck, Piotr Wierzchowiec was Head of Print Labs for PerformanceMaterials Innovation & Application division. His previous responsibilities included managing product development, leading teams of experts, scouting, coordinating product launch activities, and driving global business development. His background includes applying lean and six sigma methodology, organizing technical customer support, and managing cross-functional collaboration projects. Dr. Wierzchowiec has a Doctor of Philosophy (Ph.D.)focused on Molecular Electronics from Bangor University.
"Piotr brings a wealth of experience to the Ynvisible team in fabricating and commercializing functional inks products for the global markets," said Jani-Mikael Kuusisto, CEO of Ynvisible. "Ynvisible is accelerating our time to revenue. We are now taking systematic steps to build off lessons learned to date from our various client cases: strengthening our intellectual property portfolio, launching our Ynvisible branded products, and deploying our proprietary technology platform offering. We are now selling our first ink products through our website, we are actively delivering on customer needs through our collaborations with NXN-IP and RISE, and we are strengthening our inks portfolio. Inks are central to our business growth. It's great to have Piotr fortify our efforts in this area."
"I feel enthusiastic about joining Ynvisible in their efforts to address the rapidly growing needs of the electrochromic display market. I am eager to become a part of this highly dedicated team of pioneers while bringing complementary ink development experience to expand and strengthen the Company's product portfolio. I am committed to aiming for high-quality standards and fast response to market demands, which are vital for great commercial success," said Piotr Wierzchowiec, Ph.D.
THREE INDUSTRY LEADERS JOIN ADVISORY BOARD
Ynvisible is excited to announce that it has invited Mitchell Huang, Adam Laubach, and Dr. Rudi Leuschner to its Advisory Board. On November 5,2020, Ynvisible announced that Ramin Heyardarpour, Sal Pellingra, and TiffanyVasilchik are joining Ynvisible's Advisory Board. All new Advisory Board members will be joining Dr. Michael Okoroafor, Dr. Harlan Byker, and Dr. Harri Kopola. This concludes the expansion of Ynvisible's Advisory Board.
"We are honored to have such a strong group of industry experts in our expandedAdvisory Board. As we continue to support our lead customers'Internet-of-Things initiatives, we rely on our Advisors' wealth of expertise, extensive networks, and diverse, multi-disciplinary perspectives. Our Advisors help us to remain focused on producing scalable products for the global markets," says Jani-Mikael Kuusisto, CEO of Ynvisible.
NEW ADVISORY BOARD
Dr. Michael Okoroafor, VP of Global Sustainability & Packaging Innovation, McCormick& Co.
Dr. HarlanByker, Founder & CEO, Pleotint LLC.
Dr. Harri Kopola, Fellow, Organic Electronics Association
Ramin Heyardarpour, Managing Partner, Flex R&D / Former Global VP R&D AveryDennison
Sal Pellingra, VP Global Application & Innovation, ProAmpac
Tiffany Vasilchik, SVP Growth Strategy, Magid
Mitchell Huang, Technology Start-Ups / Investment / Product Management
Adam Laubach, Printed Electronics / Medical Device Lab-to-Fab / Leadership
Dr. Rudi Leuschner, Associate Prof. of Supply Chain Management, Rutgers BusinessSchool
PROFILES OF YNVISIBLE'SNEW ADVISORY BOARD MEMBERS
Adam E.Laubach, Lab-to-Fab Leadership
Adam E. Laubach serves as the technology advisor for Exothermix, a Texas-based company focusing on materials and products through self-heating technology. He was CEO of Exothermix from2014 to 2018. Before joining Exothermix in 2011, he served as the chief technology officer for multiple technology companies, including ReVoltTechnologies, GSI Technologies, and Aveso Displays, an early pioneering company in printed electronic displays. Laubach also spent 13 years with Dow Chemical.Today, Laubach is the director of Amani Baby Cottage in Jinja, Uganda. His contributions in worldwide missions’ work include developing a desalination system for a community in Haiti, wells and filter systems that provide clean water in Honduras, and clean-burning stoves and ovens in Uganda. Mr. Laubachhas a SB in Chemistry and BA in German from Texas State University and anM.B.A. from The University of Texas.
Dr. Rudi Leuschner, Associate Professor, Rutgers Business School
Professor Leuschner is an Associate Professor in the Department of Supply ChainManagement and the Program Director for the online Master of Science in SupplyChain Management program at Rutgers Business School. He is at the forefront of online education as the Rutgers Faculty Coordinator for Distance and OnlineLearning. He is the creator of the Rutgers Supply Chain Management MOOC specialization.
His research focuses on the end-to-end supply chain and the integration of its three primary flows: products, information and finances. Specifically, in the new field ofSupply Chain Finance, he has been active in developing relevant insights for academics and practitioners. He co-developed the Rutgers Business SchoolPayment Practices Index, which ranks retailers' performance. He received hisPh.D. in Logistics and a minor in Marketing from Ohio State University. His work has appeared among others in the Journal of Supply Chain Management,Journal of Business Logistics, Decision Sciences, the Journal of Business Ethics,Harvard Business Review, and Rutgers Business Review
He has been a frequent speaker at academic and practitioner conferences, his teaching interests at the undergraduate, graduate, and executive education levels on the topics of Supply Chain Strategy, Innovation, Supply Chain Finance, and DemandManagement.
Mitchell Huang, Transformative Finance Consultant
Mitchell Huang joins Ynvisible as a technology and finance advisor specializing in the financing lifecycle of technology companies. Over the course of his 20-year career, he has helped companies ranging from Fortune 100 companies to seed-stage startups use financial products to reach their business goals.
Recently, Mr. Huang served as an early employee in several technology startups, including VenueNext and EVAAutomation, structuring growth capital investments and managing finance. Before working at startups, Huang spent 13 years at JPMorganChase as ExecutiveDirector of the Special Investments Group, focusing on private equity and growth capital investments. Huang also held positions in credit trading, restructuring and leveraged finance.
Mitchell Huang received his S.B. in Biology from the Massachusetts Institute of Technology. He lives in Brooklyn, New York.
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 theInternet 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 Inc.
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This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's Q3 forecast of sales, cost of sales, operating expenses and income from other sources; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future marketing and operating plans are forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to additional costs being subsequently identified and the allocation of costs between reporting periods; and the possibility that the actual financial results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements.Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.
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