Ynvisible Appoints Felix Karlsson as Director
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Vancouver, British Columbia--(Newsfile Corp. - March 28, 2024) - Ynvisible Interactive Inc. (TSXV: YNV) (OTCQB: YNVYF) (the "Company" or "Ynvisible") is pleased to announce the appointment of Felix Karlsson as a Director of the Company effective today's date.
Mr. Karlsson was the co-founder and CEO of Rdot AB, an e-paper start-up from Sweden, that was acquired by Ynvisible in 2020. Since the acquisition, he worked at Ynvisible in a leading role focused on business development and strategy, and contributed to position Ynvisible as one of the leading e-paper actors globally.
The appointment of Mr. Karlsson follows the resignation of Jani-Mikael Kuusisto as a director of the Company. Mr. Kuusisto has played an integral role in helping shape Ynvisible from its inception. He is currently the CEO of The Warming Surfaces Company, a technology start-up bringing a new sustainable heating technology to the market, that turns surfaces in living environments into smart warming surfaces. With potential business relations developing between Ynvisible and The Warming Surfaces Company, Mr. Kuusisto has decided to step down from the Board of Directors, to prevent any conflicts of interest. He will continue to support Ynvisible through a position in the Advisory Board of the Company.
"Ynvisible's transition into a printed e-paper products company has been carried out systematically and holistically under the skilled stewardship of Ramin Heydarpour. It's been delightful to work in this process with him and the team. I look forward to our future collaborations," Jani-Mikael Kuusisto said, and continued, "A key strategic mind and effective communicator in the transition process has been Felix Karlsson. His millennial insights and values are a great addition to the Board of Directors. I applaud his appointment."
"On behalf of all of us at Ynvisible, I would like to thank Jani-Mikael for his invaluable service to Ynvisible. We wish him all the best in his new venture and we appreciate his continued association with Ynvisible as independent advisor. I will count on his wise counsel," stated Ramin Heydarpour, Chief Executive Officer of the Company, and continued, "Moreover, I'd like to extend a warm welcome to Felix as the new member of our Board of Directors. As an entrepreneur and a seasoned strategist in the e-paper industry, Felix is uniquely positioned to help Ynvisible in this new capacity."
About Ynvisible
Ynvisible is disrupting the low-cost and ultra-low power display industry thanks to the latest advantages in sustainable electronics and roll-to-roll printing production. Ynvisible's printed e-paper displays are ideal for low-power and cost-sensitive applications, such as digital signage, smart monitoring labels, authenticity and security, and retail labels and signage. Ynvisible has the experience, know-how, and intellectual property in electrochromic materials, inks, and systems, and 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
Ramin Heydarpour
CEO and Executive Chairman
Ynvisible Interactive Inc.
For further information, please contact:
Investor Relations
+1 778-683-4324
ir@ynvisible.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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 the management of Ynvisible Interactive Inc. 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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