Ynvisible Supports Sustainable Fashion Industry With Paper-Like Digital Price Labels
April 26 2022 - 5:45PM
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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version on businesswire.com: https://www.businesswire.com/news/home/20220426006265/en/
Investor Relations Elyssia Patterson +1 778-683-4324
ir@ynvisible.com
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