YD Ynvisible S.A.
YD Ynvisible S.A. : Ynvisible leads 6 Million Euros project for the development of interactive products with major industry partners; finalizes Prospectus to prepare for upgrade to Entry Standard
YD Ynvisible S.A. / Key word(s): Tender Offer/Strategic Company Decision Lisbon, 11th of August 2011 – Ynvisible, a Portugal-based company dedicated to the research, development and commercialization of interactive printed displays, was awarded an incentive of 800.000 Euros by the Portuguese National Strategic Reference Framework (NSRF, in Portuguese QREN), as part of a project totaling over 6 Million Euros for the development of interactive products through nanotechnology and printed electronics. Ynvisible will lead the project, which will also involve industry leaders such as Corticeira Amorim, Sonae Indústria and SECIL. In addition, Ynvisible has finalized its Prospectus and has started discussions with representatives from the Portuguese Securities Market Commission (CMVM) to get an official approval of the document. Ynvisible will seek an upgrade to the Entry Standard of the Frankfurt Stock Exchange immediately after the Prospectus approval by CMVM, as this market segment will better reflect the value of the company. The NSRF project aims to develop a new generation of interactive products through chemistry, nanotechnology, printed electronics and embedded systems. These products will be developed together with research partners from the Photochemistry and Supramolecular Chemistry Group from the New University of Lisbon and the Center for Nanotechnology and Smart Materials – CENTI, Ynvisible's sister companies YDreams Vision and YDreams Robotics, as well as technology companies Innovnano and Plux, and industrial groups Corticeira Amorim, Sonae Indústria and SECIL. Partner companies in the project have combined yearly revenues of over 2 billion Euros. The incentive is part of 'Projectos Mobilizadores' (Integrated Cooperation Projects), a program which grants financial support to projects with high technological and innovation potential, with significant economic impacts, promoted by networks of companies and research institutions. The incentive is subsidized by the Portuguese NSRF, under the Operational Program for Competitiveness Factors, which is co-funded by the European Regional Development Fund. The NSRF goal is to promote high and sustained levels of economic development, with an emphasis on knowledge, science, technology and innovation. Ynvisible, a spin-out of YDreams (www.ydreams.com), aims to become a world-leader in interactive electrochromic displays. The technologies developed by Ynvisible will allow the inclusion of interactive and animated features on products in areas such as packaging, advertising, print media, signage and smart wearables. The company has been listed on the Frankfurt Stock Exchange since the 9th of February 2011.
For more information on Ynvisible, please visit the company's website: http://www.ynvisible.com For more information on the Portuguese National Strategic Reference Framework, please visit the website: http://www.qren.pt/index.php?lang=1 Contacts: Investor Relations
Inês Henriques
Manuel Câmara
Alexander Coenen Press
Manuel Câmara
Maria Palma End of Corporate News 11.08.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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