Ynvisible Appoints Industry Leader Kamran Kian to Board of Directors

Rhea-AI Summary

Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (OTCQB: YNVYF) has appointed Kamran Kian as a new independent member of its Board of Directors, effective September 4, 2024. Mr. Kian, a former senior executive at Avery Dennison, brings over 38 years of experience in operations, engineering, and general management. He previously managed a $7 billion global operation and oversaw corporate engineering supporting innovation in RFID technology.

Ynvisible's CEO, Ramin Heydarpour, expressed enthusiasm about Mr. Kian's appointment, highlighting his expertise in global manufacturing and operations. The company has granted Mr. Kian 250,000 stock options at an exercise price of $0.09, vesting over 12 months. Additionally, Ynvisible announced an upcoming investor webinar on September 18, 2024, to provide updates on product development, customer acquisition, and market strategy.

Positive

• Appointment of industry leader Kamran Kian to the Board of Directors
• Kian brings 38 years of experience in operations, engineering, and management
• Kian's expertise in global manufacturing and operations could aid in scaling Ynvisible's business
• Upcoming investor webinar to provide updates on product development and market strategy

Negative

• None.

Mr. Kian managed a $7b global operation and brings extensive experience in engineering technology and manufacturing

Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (OTCQB: YNVYF) (the "Company" or "Ynvisible") is pleased to announce the appointment of Kamran Kian as a new independent member of its Board of Directors, effective September 4, 2024.

Mr. Kian was a senior executive at Avery Dennison, a global leader in material science and manufacturing, where, as Senior Vice President for Global Operations, Supply Chain and Procurement, he oversaw an approximately $7B global operation. As part of his role, he also oversaw the Corporate Engineering team that supports innovation and design of capital equipment for the entire company, including its large Radio Frequency Identification (RFID) technology business. With over 38 years of experience in Operations, Engineering and General Management in North America, Europe and Asia Pacific, he took Avery Dennison's Operations to new heights and built a solid global team.

"On behalf of all of us at Ynvisible, I would like to extend a warm welcome to Kamran as the new member of our Board of Directors. We are proud and honoured to have a global industry leader of Kamran's caliber join our Board of Directors. His extensive experience in global manufacturing and operations will be invaluable to Ynvisible as we scale our business. Beyond his professional achievements, Kamran's unwavering integrity and commitment to excellence make him an exceptional addition to our team. We look forward to his guidance and the positive impact he will bring to our company," said Ramin Heydarpour, Ynvisible's CEO.

"I am so excited to join the Board of Ynvisible. I believe Ynvisible has a true advantage in the e-paper space, with their energy-efficient flexible displays," said Mr. Kian.

Ynvisible has also granted stock options to Mr. Kian to acquire an aggregate of 250,000 common shares in the capital of the Company, pursuant to the Company's omnibus equity incentive compensation plan. The stock options are each convertible into a common share at an exercise price of $0.09 until September 4, 2029. With respect to vesting provisions, the stock options vest 1/4 on September 4, 2024 (the "Grant Date"), 1/4 on the date that is four months from the Grant Date, 1/4 on the date that is eight months from the Grant Date and the final 1/4 on the date that is 12 months from the Grant Date.

Ynvisible Investor Update Webinar

‍Mark your calendars and register now for Ynvisible's investor-focused webinar on Wednesday, September 18, 2024, at 4:00 pm (CET) / 10:00 am (EST). CEO Ramin Heydarpour and the executive team will provide an overview of Ynvisible's progress in product development, customer acquisition, and market strategy. Attendees will gain valuable insights into technical and commercial achievements, future prospects, and strategic initiatives. Register here.

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 for supply chain and logistics, visual indicators for medical and diagnostics, or retail labels and signage. Ynvisible has experience, know-how, and intellectual property in electrochromic materials, inks, and systems, and offers a mix of services, technology and products 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

Public Relations
pr@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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222168

FAQ

Who is the new Board member appointed by Ynvisible Interactive Inc. (YNVYF)?

Kamran Kian, a former senior executive at Avery Dennison with over 38 years of experience in operations, engineering, and general management, has been appointed as a new independent member of Ynvisible's Board of Directors, effective September 4, 2024.

What stock options were granted to Kamran Kian by Ynvisible (YNVYF)?

Ynvisible granted Kamran Kian 250,000 stock options at an exercise price of $0.09 per share, valid until September 4, 2029. The options vest in four equal installments over 12 months from the grant date.

When is Ynvisible Interactive Inc. (YNVYF) hosting its next investor webinar?

Ynvisible is hosting an investor-focused webinar on Wednesday, September 18, 2024, at 4:00 pm (CET) / 10:00 am (EST). The webinar will provide updates on product development, customer acquisition, and market strategy.

What is Kamran Kian's background and how might it benefit Ynvisible (YNVYF)?

Kamran Kian previously managed a $7 billion global operation at Avery Dennison and has extensive experience in engineering technology and manufacturing. His expertise in global operations and RFID technology could significantly aid Ynvisible in scaling its business and advancing its e-paper technology.