Ynvisible Supports Sustainable Fashion Industry With Paper-Like Digital Price Labels
VANCOUVER, British Columbia, April 26, 2022–(BUSINESS WIRE)–Ynvisible Interactive Inc. (the “Company” or “Ynvisible”) (TSX-V: YNV, FSE: 1XNA, OTCQB: YNVYF), an emerging player in the digital labels market, announces that Digety, a company revolutionizing electronic price labels in the fashion industry, has selected Ynvisible as the supplier of displays for its re-usable digital price labels. Digety’s price labels address needs within sustainable clothing and fashion. Ynvisible’s displays will go into Digety’s re-usable smart price labels, which are flexible enough to pass as paper labels and designed to minimize electronic waste.
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The explosive growth in the number of sustainable clothing brands in recent years, has increased demand for more eco-friendly materials, improved manufacturing techniques, and the reuse and recycling of materials for the minimization of waste across the fashion value chains. This trend extends to how products are labelled and prices displayed.
Further with the continuing trend in digital transformation within the retail sector, there is a growing need to be able to rapidly and frequently change prices to synchronize the online and physical store prices, price reductions, and campaigns. Updating prices on individual garments is costly and labor-intensive with conventional paper labels.
Ynvisible’s printed e-paper displays for digital label applications are manufactured using printed electronic techniques which means reduced electronic waste and a lower carbon footprint. The labels are easily readable, flexible and can be customized to clients’ information display needs. Additionally, the technology is very low power to guarantee a long lifetime. These attributes enable a new generation of more sustainable digital price label.
Marc Lebherz, founder at Digety said:
“The Ynvisible display technology is a perfect fit for us. It ticks all the boxes of our requirements list because it has a wide viewing angle, it is customizable, more attractive price point, low-power and flexible.”
“We are now able to use flexible materials in combination with the Ynvisible display to manufacture a completely paper-like price label. This ensures a better fit for any kind of apparel compared to our plastic version and it is cheaper than alternative e-paper displays. It’s also easier to recycle and can be manufactured from sustainable materials to reduce our ecological footprint, perfect for creating electronic price labels for sustainable fashion brands.”
Find out more at live online event
Hear more about the technology directly from Ynvisible and Digety at a live webinar event at 4.30pm CET on 28th April 2022. Click here to register for the event.
About Digety
Digety is a fast-growing electronic shelf label company from Germany. Digety’s revolutionizing electronic price labels enable brick-and-mortar retailers to be competitive with online retail while offering an unmatched customer experience to their customers. Additional information about Digety is available at https://digety.de/.
About Ynvisible
Ynvisible is a leading company in the emerging e-paper display market. They have 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, and easy-to-use electronic displays and indicators for everyday smart objects, IoT devices, and ambient intelligence (intelligent surfaces). Ynvisible offers 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
Ramin Heydarpour
CEO and Executive Chairman
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 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.
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