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Ynvisible Interactive Inc. — Board/Management Information 2022
Jan 24, 2022
43745_rns_2022-01-24_973b9144-0348-4fb0-8691-42b99fe34a9d.pdf
Board/Management Information
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FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Ynvisible Interactive Inc . (the “ Company ”) Suite 830, 1100 Melville Street Vancouver, BC, Canada V6E 4A6
Item 2 Date of Material Change
January 5, 2022
Item 3 News Release
The Company disseminated a news release announcing the material change described herein through the news dissemination services of Business Newswire on January 5, 2022, and a copy was subsequently filed on SEDAR.
Item 4 Summary of Material Change
The Company announced that effective December 31, 2021, Michael Robinson has resigned as Chief Executive Officer of the Company. Ramin Heydarpour, the Company’s Executive Chairman, will assume the role of Interim Chief Executive Officer.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
The Company announced that effective December 31, 2021, Michael Robinson has resigned as Chief Executive Officer of the Company in order to pursue an opportunity outside the Internet of Things industry. Ramin Heydarpour, the Company’s Executive Chairman, will assume the role of Interim Chief Executive Officer to focus on the commercialization of the Company’s products.
About Ramin Heydarpour
Ramin Heydarpour, who has served on the Company’s board of directors since December 2020, is founder and managing partner of Flex R&D Inc., a California-based engineering consulting firm with deep expertise in roll-to-roll process and product development. He was previously Global Vice President with AveryDennison, where he led the development of innovative products in food packaging, brand identification, office, and consumer products.
He has a track record of inventing and developing new products in a broad range of applications, including flexible packaging, RFID tags, and pressure-sensitive labels. He holds 26 patents. Various leadership positions at Fortune 500 companies in the past 25 years has provided Mr. Heydarpour with a broad perspective and a clear insight in the following areas:
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Building effective R&D organization and growing technical talent
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• Alignment of technical capabilities with business strategy
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Connecting unmet market needs to technical solutions
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Efficient development and scale-up of new products
5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6 Reliance on Subsection 7.1(2) of National Instrument 51-102
The report is not being filed on a confidential basis.
Item 7 Omitted Information
There are no significant facts required to be disclosed herein which have been omitted.
Item 8 Executive Officer
The name and business number of the executive officer of the Company who is knowledgeable of the material change and this report is:
Ramin Heydarpour Executive Chairman and Interim Chief Executive Officer Telephone: 310-801-6662
Item 9 Date of Report
January 21, 2022