Ynvisible Interactive Inc. Accelerating 2023 Growth Vision by Appointing Michael Robinson As CEO & Jani-Mikael Kuusisto As Sr...
January 21 2021 - 2:01AM
Business Wire
Ynvisible Interactive Inc. (the "Company" or
"Ynvisible") (TSXV:YNV, OTCQB:YNVYF, FRA:1XNA) is pleased to
announce the appointment of Mr. Michael Robinson as its new Chief
Executive Officer ("CEO"). Mr. Jani-Mikael Kuusisto is appointed as
Senior Vice President Ventures ("Sr VP Ventures") and continues as
Vice Chairman of the Board of Directors.
With its latest successful round of financing, Ynvisible is now
implementing its plans to focus on speed to market for customer
products and sustainable financial growth through a "2023
Transformation & Growth Strategy" led by Mr. Robinson. Mr.
Kuusisto will help reduce the risk and uncertainty of emerging
technologies and provide a new growth arena for Ynvisible through a
"2025 Venture Partnership Strategy".
"As COO, Michael brought the organizational tools and leadership
style essential to transforming Ynvisible from a start-up to a
growth stage company. As CEO, he now focuses our strong
multi-disciplinary team on near term business opportunities with
current technology and manufacturing capabilities. The aim is to
accelerate time to revenue and profitability," commented
Jani-Mikael Kuusisto, who was Ynvisible's CEO from its reverse
take-over (RTO) in January 2018 and now takes on the role of Sr. VP
Ventures, responsible for strategic partnerships and future growth
opportunities.
"Our Ynvisible team has everything it needs to be successful
through 2023 and beyond; I am honored to help lead the team, set
the playing field for our growth, and to support our customers with
exceptional electrochromic display products. Our continued success
comes from our obsession with making it easy for our customers to
develop, adopt, and plug-and-play our unique display technology to
drive breakthrough product experiences for end-users," added Mr.
Robinson.
Mr. Kuusisto continued, "Ynvisible's vision is to bring everyday
objects and surfaces to life, benefitting people in a smart and
connected world. There are vast blue ocean opportunities for
printed electrochromic displays and systems based on printed
electronics. Michael leads our operations to ensure customer
success in near term business opportunities and gears our business
for sustainable growth. As Sr. VP Ventures, I will engage with
strategic partners and investors to chart the path into the future,
to establish Ynvisible as a global leader in printed electronics."
Mr. Robinson first engaged with Ynvisible as a client. He served
the Company as an Independent Director from November 2019 to
November 2020, and most recently as Ynvisible's COO, starting
September 2020. Before joining Ynvisible Interactive Inc., Mr.
Robinson worked for over fifteen years in fast-moving consumer
goods and Luxury goods companies: Hasbro Toys, Bliss World LLC,
Colgate-Palmolive, and most recently L'Oréal USA. As Operations
Business Development and Open Innovation lead for L'Oréal USA, his
role centered on breakthrough and transformational technology
scouting & strategy, business development, and blending
business, design, and technology to accelerate and launch new
packaging, products, and experiences.
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
"Michael Robinson," CEO, 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 forward-looking statements.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. All statements,
other than statements of historical fact, that address activities,
events or developments the Company believes, expects or anticipates
will or may occur in the future, including, without limitation,
statements about the Company's forecast of sales, cost of sales,
operating expenses and income from other sources; the Company's
business strategy, plans and outlooks; the future financial or
operating performance of the Company; and future marketing and
operating plans are forward-looking statements. Forward-looking
statements are subject to a number of risks and uncertainties that
may cause the actual results of the Company to differ materially
from those discussed in the forward-looking statements and, even if
such actual results are realized or substantially realized, there
can be no assurance that they will have the expected consequences
to, or effects on, the Company. Factors that could cause actual
results or events to differ materially from current expectations
include, among other things: the impact of COVID-19; risks and
uncertainties related to additional costs being subsequently
identified and the allocation of costs between reporting periods;
and the possibility that the actual financial results will not be
consistent with the Company's expectations. Actual results may
differ materially from those currently anticipated in such
statements. Readers are encouraged to refer to the Company's public
disclosure documents for a more detailed discussion of factors that
may impact expected future results. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, unless required pursuant to applicable laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20210121005286/en/
Elyssia Patterson +1 778-683-4324 ir@ynvisible.com
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