YNVISIBLE INTERACTIVE INC. ACCELERATING 2023 GROWTH VISION BY APPOINTING MICHAEL ROBINSON AS CEO & JANI-MIKAEL KUUSISTO AS SR. VP VENTURES
Vancouver, Canada, January 21, 2021 – Ynvisible Interactive Inc. (the "Company" or "Ynvisible") (TSX-V: YNV, FSE: 1XNA, OTCQB: YNVYF) is pleased to announce the appointment of Mr. Michael Robinson as its new Chief Executive Officer ("CEO"). Mr. Jani-Mikael Kuusisto is appointed as Senior Vice President Ventures ("Sr VP Ventures") and continues as Vice Chairman of the Board of Directors.
With its latest successful round of financing, Ynvisible is now implementing its plans to focus on speed to market for customer products and sustainable financial growth through a "2023 Transformation & Growth Strategy" led by Mr. Robinson. Mr. Kuusisto will help reduce the risk and uncertainty of emerging technologies and provide a new growth arena for Ynvisible through a "2025 Venture Partnership Strategy".
"As COO, Michael brought the organizational tools and leadership style essential to transforming Ynvisible from a start-up to a growth stage company. As CEO, he now focuses our strong multi-disciplinary team on near term business opportunities with current technology and manufacturing capabilities. The aim is to accelerate time to revenue and profitability," commented Jani-Mikael Kuusisto, who was Ynvisible's CEO from its reverse take-over (RTO) in January 2018 and now takes on the role of Sr VP Ventures, responsible for strategic partnerships and future growth opportunities.
"Our Ynvisible team has everything it needs to be successful through 2023 and beyond; I am honored to help lead the team, set the playing field for our growth, and to support our customers with exceptional electrochromic display products. Our continued success comes from our obsession with making it easy for our customers to develop, adopt, and plug-and-play our unique display technology to drive breakthrough product experiences for end-users," added Mr. Robinson.
Mr. Kuusisto continued, "Ynvisible's vision is to bring everyday objects and surfaces to life, benefitting people in a smart and connected world. There are vast blue ocean opportunities for printed electrochromic displays and systems based on printed electronics. Michael leads our operations to ensure customer success in near term business opportunities and gears our business for sustainable growth. As Sr VP Ventures, I will engage with strategic partners and investors to chart the path into the future, to establish Ynvisible as a global leader in printed electronics."
Mr. Robinson first engaged with Ynvisible as a client. He served the Company as an Independent Director from November 2019 to November 2020, and most recently as Ynvisible's COO, starting September 2020. Before joining Ynvisible Interactive Inc., Mr. Robinson worked for over fifteen years in fast-moving consumer goods and Luxury goods companies: Hasbro Toys, Bliss World LLC, Colgate-Palmolive, and most recently L'Oréal USA. As Operations Business Development and Open Innovation lead for L'Oréal USA, his role centered on breakthrough and transformational technology scouting & strategy, business development, and blending business, design, and technology to accelerate and launch new packaging, products, and experiences.
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
"Michael Robinson," CEO, 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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