July 18, 2024, 2:00 AM EDT | Source: Ynvisible Interactive Inc.
Vancouver, British Columbia–(Newsfile Corp. – July 18, 2024) – Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (OTCQB: YNVYF) (the “Company” or “Ynvisible”) is pleased to announce an important collaboration with a leading air compressor and compressed air system provider. Ynvisible has developed an innovative maintenance timer based on an e-paper display, replacing traditional analog time stickers. The planned quantity to be delivered to customers over the next three years is 105,000 units, with a value of over 1.5 million Canadian dollars.
Key highlights:
- Strategic collaborations with industry leaders: A globally recognized brand in the industrial sector was looking for a more efficient solution for monitoring the maintenance procedures of their compressor air filters.
- Innovative products: Ynvisible has developed a new e-paper-based device that offers increased functionality and ease of use compared to traditional analog time monitoring stickers. Ynvisible's e-paper displays offer accurate, programmable maintenance schedules and can withstand industrial environments including humidity, dust and vibration, ensuring long-term durability and reliability.
- Significant commercial value: Ynvisible expects to ship 105,000 units of this product over the next three years, valuing it at over CAD 1.5 million. This is another commercial application with strong recurring revenue potential in the status indicator space. Status indicators based on printed e-paper can visually communicate critical information about a product's condition in real time in a convenient, accurate and user-friendly manner and can be used in multiple industries, including industrial, medical and pharmaceutical, transportation, supply chain and logistics.
The customer selected Ynvisible as its development partner to develop a fully integrated, e-paper-based, digital, programmable maintenance indicator to replace traditional analog time monitoring stickers. Ynvisible announced it is developing the product in 2023 and is currently taking first orders from customers and starting production and shipment of the product. The new product, which can display the remaining time until the next maintenance check or indicate the need for filter cartridge replacement, is more convenient and easier to use than current paper stickers, providing additional information in a more interactive and user-friendly way. The complete product, including the display, electronics, power supply, and case developed by Ynvisible, can withstand industrial environmental conditions and will not require battery replacement during the product's lifespan.
Maintenance timer concept example
Industrial Applications with YNVISIBLE's e-Paper Displays
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“We're thrilled to be working with NVIDIA to bring this technology to market,” said Milton Fernandes, enterprise project manager at Ynvisible.“This collaboration is a testament to the versatility and reliability of our e-paper technology. We are proud to be able to offer solutions that not only meet our customers' high standards, but also support our mission of bringing energy-efficient and sustainable products to the market. This agreement marks an important milestone for Ynvisible and strengthens our growth trajectory in the industrial sector.”
E-paper-based digital indicators can be integrated into applications across a variety of industries, including industrial, medical/pharmaceutical, transportation, supply chain and logistics to display real-time product information, provide visual warnings when products are exposed to certain conditions, or display test results, such as for medical diagnostic tests. The near-term market potential for Ynvisible's indicator solutions is significant, serving a wide range of industries that require simple, energy-efficient visual indicators.
Due to confidentiality agreements, Ynvisible cannot reveal the names of customers or disclose specific product designs or features at this time. These agreements are important to protect our customers' competitive advantage and reflect the strategic value and importance of this collaboration.
About Ynvisible
Ynvisible is revolutionizing the low-cost and ultra-low-power display industry with the latest benefits of 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, retail labels and signage. Ynvisible has the experience, know-how and intellectual property in electrochromic materials, inks and systems to provide a range of services, technologies and products to brand owners developing smart objects and IoT products. Additional information about Ynvisible can be found at www.ynvisible.com.
Ynvisible Investor Update Webinar
Register now for Ynvisible's investor webinar on Wednesday, September 18, 2024 at 4pm CET / 10am EST. CEO Ramin Heydarpour and management will provide an overview of Ynvisible's progress in product development, customer acquisition, and go-to-market strategy. Attendees will gain valuable insights into technical and commercial achievements, future prospects, and strategic initiatives. Register here.
On behalf of the Board of Directors
Ramin Heydarpour
CEO and Chairman
Ynvisible Interactive Inc.
Neither the 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 statements that may be deemed “forward-looking” statements. Forward-looking statements are not historical facts and are typically, but not always, identified by words such as “anticipate,” “plan,” “expect,” “believe,” “intend,” “estimate,” “project,” “potential,” or other expressions that indicate that events or circumstances “will occur,” “will,” “may,” “might” or “should” occur. Although Ynvisible Interactive Inc. believes that 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 the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Ynvisible Interactive Inc. management as of the date the statements are made. Except as required by law, Ynvisible Interactive Inc. assumes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
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