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Richard Ellinger Joins Ynvisible's Sales Team as US Sales Representative, Expanding Cold-Chain Solutions Sales Expertise, and Ynvisible Appoints Keith Morton, a Display Industry Innovator, to the Advisory BoardYnvisible Interactive Inc. (the "Company" or "Ynvisible") (TSX-V:YNV, FSE:1XNA, OTCQB:YNVYF), a fast-growing firm in the Internet of Things market, today announced the expansion of its sales team, in response to the Company's growth in income from clients, and further aligning the 2025 Vision of expansion and worldwide sales. Richard Ellinger, a 25-year sales executive, joins Ynvisible Interactive as its United States Sales representative. Keith Morton, CTO and founder of Display Logic, a leading designer and manufacturer of display-based products and solutions, joins Ynvisible's Advisory Board. Ynvisible is a manufacturer of standard and customized ultra-low-power and easy-to-use electronic displays and indicators for everyday smart objects, Internet of Things ("IoT") devices, and ambient intelligence (intelligent surfaces). The Company sells prototyping, development, pilot production, volume production of electrochromic displays, and tailored IoT product solutions. Ynvisible's short-term revenues come from a mix of customer-funded developments that precede pilot and full-scale manufacturing. Historically, Ynvisible's sales team is in Europe; Richard Ellinger extends Ynvisible's physical sales footprint to North America. "Ynvisible is poised for growth in North America as Fortune 500 companies are based in the United States and feel we can deliver to them with a dedicated, US-based sales presence. We are continuing to see steady growth of client developments in the Fast Moving Consumer Goods, Medical Packaging and Logistics segments. The United States has rebounded significantly from the Covid-19 pandemic; our clients are seizing this opportunity to improve their supply chains and provide new, breakthrough products. We are thrilled to welcome Richard to join our team at the right time and in the right place," says Michael Robinson, CEO of Ynvisible Interactive. "Richard Ellinger brings deep strategic business development expertise within the technology, cold-chain logistics, medical and packaging sectors. Ynvisible is now more accessible to our growing market. Richard is an expert at realizing holistic product solutions, and he accelerates our customers' path to commercialization," continues Tommy Hoglund, VP Sales & Marketing, Ynvisible Interactive.
RICHARD ELLINGER
KEITH MORTON
Keith Morton joins Ynvisible's Advisory Board as the current Chief Technology Officer and Founder of Display Logic, located in Hauppauge, New York. Display Logic offers various display products and solutions (LCD, OLED, touch-screen, and display enhancing technologies). Since its formation, Display Logic has consistently innovated in the areas of display performance and interfacing. "We now have an Advisor that brings deep commercial display development and sales experience across the North American display market. Keith has strong Asian business relations, and he knows what it takes for Ynvisible to compete," starts Michael Robinson. "Keith found Ynvisible and immediately engaged us on how to grow - this is a testament to Keith's energy and enthusiasm around new technologies and growing businesses. We are honored that Keith accepted to join our Advisory Board; we are already discovering our clear product differentiation and new business opportunities," Mr. Robinson concludes. Before founding Display Logic in 2007, Keith Morton was Director of Marketing of the Display Division at Bell Microproducts, where he managed all display sales and marketing activities, supplier management, and integration. Before Bell Microproducts, Keith was Marketing Manager at ARROW Electronics. Keith also holds a patent in display optical improvement.
Stock Options
A total of 450,000 of these Stock Options were granted to an officer of the Company. All Stock Options are exercisable for a five-year term expiring July 1, 2026, and are subject to certain vesting provisions with 1/3 of the Options vesting on the date that is nine months from the date of grant, 1/3 vesting on the date that is 21 months from the date of grant, and the final 1/3 vesting on the date that is 33 months from the date of grant. In addition, incentive stock options to acquire an aggregate of 350,000 common shares in the capital of the Company were granted with an exercise price of $0.63 on June 3, 2021 (the "Options"). A total of 100,000 of these Options were granted to a director of the Company. All Options are exercisable for a five-year term expiring June 3, 2026, and are subject to certain vesting provisions. The Stock Options granted to the director vest 1/3 on the date that is four months from the date of grant, 1/3 on the date that is eight months from the date of grant, and the final 1/3 vest on the date that is 12 months from the date of grant. The remaining 250,000 stock options vest 1/3 on the date that is nine months from the date of grant, 1/3 on the date that is 21 months from the date of grant, and the final 1/3 on the date that is 33 months from the date of grant.
About Ynvisible Interactive Inc.
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Forward-Looking Statements
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