Ynvisible & SpotSee Announce Collaboration to Bring New Temperature Indication Solutions To Market
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Development and Research collaboration seeks to bring novel temperature indication solutions to market in 2021.
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Ynvisible Interactive Inc. (the "Company" or "Ynvisible") (TSX-V: YNV, FSE: 1XNA, OTCQB: YNVYF) announces its first customer collaboration to bring new temperature indication solutions to market with SpotSee, the global leader in shock, vibration and temperature monitoring through low-cost connectivity and data. Both companies are partners in the CHARISMA project, funded by The European Union, Horizon 2020 Marie Skłodowska-Curie Actions program.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210223005158/en/
TEMPSAFE Electrocard (Photo: Business Wire)
"The global demand for temperature tracking and indicators is increasing and has been further highlighted with the global impacts of COVID-19. SpotSee is a global leader at providing solutions to deter, detect and diagnose adverse conditions in supply chain and operations through our wide range of smart-label solutions. We're looking forward to expanding our solutions offering." says Tony Fonk, CEO SpotSee.
Cold-chain and temperature-controlled shipment for monitoring the storage of goods such as blood bags, premium foods, biomaterials, and medicines use temperature indication smart-label solutions. Ynvisible's displays are integrated into those smart-labels and then applied on the surface of or inside logistics packaging, allowing users to observe signals with their naked eye.
"Our collaboration will help us realize real synergies between SpotSee's expertise and leadership in the cold-chain and monitoring supply chain and Ynvisible's ultra-low power, thin and flexible display technology." Says Michael Robinson, CEO Ynvisible Interactive. "Through our Roll-to-Roll manufacturing capability, technology know-how, and networks, we make it easy for our customers to unlock revenue-enhancing opportunities.
The CHARISMA project is co-ordinated by the Institute of Organic Chemistry, Vienna University (Austria), includes Universidade Nova de Lisboa (Portugal), Tampere University (Finland), plus other partner companies, Science Made Simple, Packdesign ID Oy, and Trelic Oy.
SpotSee is an internet of things end-to-end solution provider that enables customers to spot damage in their operations and see it in real time. SpotSee's mission is to help customers deter, detect and diagnose changing conditions and deliver that data to customers' fingertips from anywhere in the world. SpotSee devices monitor shock, vibration, temperature and other environmental conditions through its market-leading brands such as ShockWatch®, ShockLog®, SpotBot™, OpsWatch, WarmMark®, Thermax®, TempSafe®, TMC Hallcrest and LCR Hallcrest. The company has a global network of over 1,800 sales and technical service partners in 62 countries. SpotSee is headquartered in Dallas, Texas, with operations in Brazil, Netherlands, United Kingdom, China, Mexico, Illinois, and Texas. For more information, visit www.spotsee.io
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
"Micheal Robinson", 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.
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.
Mod Op for SpotSee
Elyssia Patterson, Manager of Investor Relations
Source: Ynvisible Interactive Inc.
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