VANCOUVER, British Columbia--(BUSINESS WIRE)--Ynvisible Interactive Inc. (the "Company" or "Ynvisible") (TSXV:YNV, OTCQB:YNVYF, FRA:1XNA) 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 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.