Business
Network Executes Share Exchange Agreement with Ynvisible
VANCOUVER, BC / ACCESSWIRE / July 27, 2016 / Further to our news release dated May 3, 2016, ...
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"Network Executes Share Exchange Agreement with YnvisibleVANCOUVER, BC / ACCESSWIRE / July 27, 2016 / Further to our news release dated May 3, 2016, Network Exploration Ltd. (TSXV: NET) (the \"Company\" or \"Network\") is pleased to announce that it has entered into a share exchange agreement dated July 19, 2016 (the \"SEA\") with YD Ynvisible S.A. (\"Ynvisible\") pursuant to which Network will acquire 95.53% of the issued and outstanding shares of Ynvisible in exchange for common shares of Network. Pursuant to the terms of the SEA, the majority of Network's management and directors will be replaced with nominees of Ynvisible, and the Company will issue sufficient securities such that the transaction will constitute a Change of Business Reverse Takeover (\"RTO\") under the rules of the TSX Venture Exchange (the \"Exchange\").\nUpon successful completion of the RTO, Network will cease all operations as a mining exploration company, will be listed as a Tier 2 Technology Issuer on the Exchange, and the business of Ynvisible will become the business of the Company.\nYnvisible aims to be a leading company in the emerging printed electronics sector. It is a private company incorporated under the laws of Portugal with assets located in Portugal. Printed electronics use new materials with electronic properties that are processed into inks and can be printed into thin layers (using conventional print house equipment) onto flexible materials, such as plastic and paper. Ynvisible's proprietary electrochromic displays are the face of every smart label they produce. Ynvisible's displays use almost no power. They are ultra-low weight, microscopically thin, flexible, yet robust. When combined with various sensors they bring functionality and life to smart products. 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\"). Electrochromics-based smart labels offer simple non-obtrusive human interfaces to smart IoT objects. Ynvisible's mix of services, materials and technology is a unique combination, which is winning favor among brand owners developing their IoT products for a huge market in its infancy. Since Ynvisible's displays are printed, product designers can easily adapt electrochromics to the desired product design and required...