Ynvisible Interactive Inc. Announces Second Quarter 2021 Filing and Grant of Stock Options

Rhea-AI Summary

Ynvisible Interactive Inc. has filed its condensed consolidated interim financial statements and MD&A for Q2 2021. These documents are available on SEDAR and Ynvisible's Investor Center. In addition, the company granted 250,000 incentive stock options to a director at an exercise price of $0.55 per share, vesting over one year. Ynvisible aims to lead in printed and flexible electronics, providing low-power display solutions for IoT applications, leveraging its expertise in electrochromic materials and interactive printed graphics.

Positive

• Grant of 250,000 stock options to a director at $0.55, signaling potential confidence in future performance.
• Focus on printed electronics aligns with growing demand in the IoT sector.

Negative

• None.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Ynvisible Interactive Inc. (the "Company" or "Ynvisible") (TSX-V: YNV, FSE: 1XNA, OTCQB: YNVYF) reports that it has filed its condensed consolidated interim financial statements and interim MD&A relating to its second quarter ended June 30, 2021. These filings can be accessed under the Company’s profile on SEDAR and on Ynvisible's Investor Center.

The Company also announces it has granted 250,000 incentive stock options to a certain director of the Company to purchase up to a total of 250,000 common shares of the Company at a price of $0.55 per common share for a period of five (5) years.

The stock options vest over a period of one year and are subject to the terms of the Company's share option plan and regulatory approval.

About Ynvisible Interactive Inc.
Ynvisible aims to be a leading company in the emerging printed and flexible electronics sector. Printed electronics are a key enabler of mass adoption of the Internet of Things ("IoT") and smart objects, given the cost and power-consumption advantages over conventional electronics. 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
"Ramin Heydarpour," Chairman of the Board, Ynvisible Interactive Inc.

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 Ynvisible Interactive Inc. management 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210831006018/en/

For further information, please contact:

Investor Relations

Elyssia Patterson

+1 778-683-4324

ir@ynvisible.com

Source: Ynvisible Interactive Inc.

FAQ

What are the key financial updates for Ynvisible Interactive Inc. for Q2 2021?

Ynvisible has filed its condensed consolidated interim financial statements for Q2 2021.

What stock options were granted by Ynvisible Interactive Inc. recently?

Ynvisible granted 250,000 incentive stock options to a director, exercisable at $0.55 per share.

How does Ynvisible Interactive Inc. position itself in the printed electronics market?

Ynvisible aims to lead in the printed electronics sector, focusing on low-power solutions for IoT.

Where can I find the interim financial statements of Ynvisible Interactive Inc.?

The financial statements can be accessed on SEDAR and the Ynvisible Investor Center.

What is the significance of the stock options grant by Ynvisible?

The stock options grant may indicate management's confidence in the company's growth potential.