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Ynvisible Interactive has made its first commercial delivery of a temperature indication solution, the TempSafe Electrocard, in collaboration with SpotSee. This innovative electronic smart-label is designed for monitoring cold-chain shipments of sensitive materials like blood and medicines. Capable of visually indicating temperature thresholds, it is targeted at smart-label markets where Ynvisible plans to leverage its high-volume production capacity. Both companies are also engaged in advanced temperature-sensing projects funded by the EU's Horizon 2020 program.
Ynvisible Interactive Inc. (TSXV:YNV, OTCQB:YNVYF) has decided to accelerate the expiry date of its common share purchase warrants issued on January 9, 2019, and June 5, 2019, which are exercisable at $0.60. The new expiry date is April 17, 2021. Over 90% of the warrants have been exercised, generating approximately $4.9 million for the Company, with about 881,295 warrants remaining that could yield an additional $539,000 if exercised. Proceeds will be used for productization, marketing, and increasing production capacity.
Ynvisible Interactive Inc has partnered with Evonik Industries and Epishine AB to create a joint demonstrator combining Evonik's TAeTTOOz® printed battery, Epishine's solar cells, and Ynvisible's electrochromic display. This collaboration aims to produce self-powered signage and functional packaging, showcasing energy independence and scalable manufacturing. The demonstrator will be featured at LOPEC and TechBlick events, with a joint webinar scheduled for April 8 to discuss its applications further.
Ynvisible Interactive announces a collaboration with SpotSee to deliver innovative temperature indication solutions. This partnership, part of the EU-funded CHARISMA project, aims to enhance cold-chain logistics, particularly in monitoring temperature for sensitive goods like medicines and biomaterials. SpotSee's expertise in supply chain monitoring complements Ynvisible's advanced display technology, promising synergies that may unlock new revenue avenues. The collaboration addresses the rising need for effective temperature tracking, amplified by the impact of COVID-19, showcasing both companies' commitment to improving supply chain operations.
Ynvisible Interactive Inc. (TSXV:YNV, OTCQB:YNVYF) has appointed Ramin Heydarpour as the new Chairman of the Board, effective February 4, 2021. Heydarpour, founder of Flex R&D Inc., brings extensive experience in engineering consulting and leadership from his previous role as Global VP at Avery Dennison. His expertise in R&D, product development, and market alignment is expected to support Ynvisible's growth strategy, particularly in North America. Former Chairman Leif Ljungqvist steps down to focus on his CEO role at ChromoGenics AB.
Ynvisible Interactive Inc. (TSXV:YNV, OTCQB:YNVYF) has successfully exercised 7,315,473 common share purchase warrants, bringing in $4.4 million. This marks the exercise of approximately 80% of the total warrants, originally issued in 2019 with a three-year term at an exercise price of $0.60. The funds will be allocated for productization, marketing, production capacity, and working capital. Currently, 1,663,005 warrants remain outstanding, with potential proceeds of $997,803 if fully exercised.
Ynvisible Interactive Inc. appoints Mr. Michael Robinson as its new CEO, following a successful financing round. The company is focusing on accelerating product market entry and sustainable growth through its "2023 Transformation & Growth Strategy." Mr. Jani-Mikael Kuusisto takes on the role of Sr. VP Ventures, continuing as Vice Chairman. This leadership transition aims to enhance customer success and capitalize on near-term business opportunities in printed electronics. Ynvisible intends to establish itself as a leader in the growing printed electronics sector, benefiting from cost advantages and the IoT market.
Ynvisible Interactive Inc. announces the addition of Seda Evis to its Advisory Board, enhancing its user-centered design and financial expertise. This move aims to strengthen Ynvisible's goals in the IoT sector. Additionally, the company is closing a non-brokered private placement of 12,857,142 Units at $0.35 per Unit, generating $4.5 million to bolster its cash position for business acceleration. The financing will support product development and customer service enhancements, critical for the company's growth strategy in 2021 and beyond.
