VANCOUVER, British Columbia - Ynvisible Interactive Inc. (the "Company" or "Ynvisible") (TSX-V: YNV, FSE: 1XNA, OTCQB: YNVYF) announces its first commercial delivery of a new temperature indication solution to market with SpotSee, the global leader in shock, vibration and temperature monitoring through low-cost, connected solutions.
Working with SpotSee, Ynvisible tailored a low power, branded, calibrated temperature indication label for cold-chain and temperature-controlled shipment and storage of goods such as blood bags, premium foods, biomaterials, and medicines. Ynvisible manufactures the electrochromic display in high volumes and delivers the display driving protocol, while supporting the integration of the display in the final smart-label. Ynvisible's displays allow users to view the indication with the unaided eye.
"Ynvisible is now increasingly focused on the smart-label markets. We have proven our ability to produce hundreds of thousands of electrochromic displays in roll-to-roll format. This format makes it easy for scalable integration into smart labels. We can print in several tens of millions of units per year. Our customers’ solutions will benefit from our electrochromic display know-how and production capacity.” Mr. Robinson continues.
In addition to launching the TempSafe Electrocard, SpotSee and Ynvisible are also collaborating on next generation capabilities for temperature sensing and indication in smart labels. Both companies are partners in the project CHARISMA funded by European Union’s Horizon 2020Marie Skłodowska-Curie Actions program. The project co-ordinated by the Institute of Organic Chemistry, Vienna University (Austria), includes also universities Universida de Nova de Lisboa (Portugal), Tampere University (Finland), plus other partner companies Science Made Simple, Packdesign ID Oy, and Trelic Oy.
SpotSee is an internet of things end-to-end solution provider that enables customers to spot damage in their operations and see it in real time. SpotSee’s mission is to help customers deter, detect and diagnose changing conditions and deliver that data to customers’ fingertips from anywhere in the world. SpotSee devices monitor shock, vibration, temperature and other environmental conditions through its market-leading brands such as ShockWatch®, ShockLog®, SpotBot™, OpsWatch, WarmMark®, Thermax®, TempSafe®, TMC Hallcrest and LCR Hallcrest. The company has a global network of over 1,800 sales and technical service partners in 62 countries. SpotSee is headquartered in Dallas, Texas, with operations in Brazil, Netherlands, United Kingdom, China, Mexico, Illinois, and Texas. For more information, visit www.spotsee.io
Jill Malone, Director of Marketing at SpotSee
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 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 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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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.