Mimbly AB Chooses Ynvisible's Energy Efficient Displays for Its Sustainable Laundry Solution
September 29 2020 - 2:01AM
Business Wire
Ynvisible Interactive Inc. (the "Company" or "Ynvisible")
(TSX-V: YNV, FSE: 1XNA, OTCQB: YNVYF) is pleased to announce
that Mimbly Ab, a Swedish GreenTech start-up that creates
sustainable laundry solutions, has chosen Ynvisible's
energy-efficient electrochromic displays as the display solution
for its product the Mimbox.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200929005456/en/
Mimbly has developed the Mimbox, a solution that connects to
washing machines to recycle water, save energy and capture
microplastics. To offer a holistically sustainable product, Mimbly
chose Ynvisible's energy-efficient and sustainable electrochromic
displays as the display solution for its product. The Mimbox
display communicates water savings to the users and instruct in the
product's use. Ynvisible's segmented electrochromic displays
allowed for seamless integration into the Mimbox device and offered
high freedom of design of the display visuals and appearance within
the product. Ynvisible provided Mimbly with prototyping services
that helped implement the novel display technology into the Mimbox
product and is ready to deliver industrial-scale production.
"The design, production and integration of Ynvisible's
electrochromic displays into Mimbly's water-saving product
highlights many of the advantages of electrochromics as a
sustainable display solution that offers valuable freedom of
design, and integrates well into today's low-power integrated
electronics systems. As one of our first public references in the
segmented electronic displays market space, the Mimbox case acts as
a valuable stepping stone into an increasing number of sustainable
electronic systems and as a door opener to many more use cases also
in high volume consumer electronics," said Tommy H�glund,
Ynvisible's VP of Sales and Marketing.
Mimbly is rolling out the Mimbox to twenty-two (22) of the
Nordic region's largest property owners as part of a pilot program
to show how the solution works. In the initial stage, Mimbly's
customers are property owners, hotels, laundries and cleaning
companies. Mimbly sees benefits in the scalability of Ynvisible's
displays to higher volumes.
"Our clients are waiting for the first deliveries of the Mimbox.
We will start industrial-scale production after the upcoming
pilots. We've already found Ynvisible to be a great partner and
value their services in design, system integration, prototyping
through to production of the displays. It feels incredibly fun to
be able to grow the company, with partners, who believe in the
vision of plastic-free water in our nature," said Isabella
Palmgren, CEO and co-founder.
About Mimbly
Mimbly is a green-tech start-up that wants to make the world
wash smarter. The company - which originated from Chalmers
University in Gothenburg - has developed a patented technology that
recycles up to 70 percent of the water in washing machines and
filters out microplastics. Additional information on Mimbly Ab is
available at https://www.mimbly.se/
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
"Jani-Mikael Kuusisto", CEO,
Ynvisible Interactive
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/20200929005456/en/
Isabella Palmgren, CEO and Co-Founder, Mimbly Ab
isabella@mimbly.se Investor Relations +1 778-683-4324
ir@ynvisible.com
Ynvisible Interactive (TSXV:YNV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ynvisible Interactive (TSXV:YNV)
Historical Stock Chart
From Jul 2023 to Jul 2024