Ynvisible Advances Commercial Program with Sapphiros, Announces CFO Appointment and Adoption of Semi-Annual Financial Reporting
Ynvisible outlines Sapphiros program scale, refreshes its CFO role, and shifts to semi-annual reporting to refocus resources on commercialization.
Rhea-AI Summary
Ynvisible Interactive (YNVYF) announced progress in its commercial program with Sapphiros, a CFO transition, and a move to semi-annual financial reporting, dated September 11, 2026.
Sapphiros is advancing clinical trials for its digital diagnostic platform, targeting completion in Q4 2026 and a planned 2027 commercial launch, with Ynvisible’s ultra-low-power e-paper displays integrated and preparations underway for high-volume manufacturing. The companies project potential commercialization volumes in the high millions of units annually.
Ynvisible appointed Inês Paramés as Chief Financial Officer effective September 1, 2026, succeeding Darren Urquhart. The company also elected to adopt CSA’s semi-annual reporting regime, starting with the quarter ending September 30, 2026, to reduce compliance costs and focus resources on commercial execution.
Positive
- Sapphiros commercialization volumes projected in the high millions of units annually
- Clinical trials for Sapphiros platform expected to complete in Q4 2026 with planned 2027 launch
- Manufacturing scale-up and high-volume production preparations underway for Ynvisible displays
- New CFO appointment effective September 1, 2026, with prior internal experience
- Semi-annual reporting adopted to lower administrative and compliance costs
Negative
- Reduced reporting frequency from quarterly to semi-annual starting with Q3 2026
- CFO change as long-serving finance head steps down August 31, 2026
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2026) - Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (OTCQB: YNVYF) (the "Company" or "Ynvisible") is pleased to provide an update on its strategic collaboration with Sapphiros, a consumer diagnostics company developing next-generation digital diagnostic tests for global markets.
Sapphiros is progressing through clinical trials, with completion expected in the fourth quarter of 2026, while advancing regulatory, product optimization and manufacturing scale-up activities toward a planned 2027 commercial launch.
Ynvisible's ultra-low-power e-paper displays are integrated into the diagnostic platform, and the companies are working together to prepare for high-volume production. Based on current projections, commercialization volumes could reach the high millions of units annually, representing a significant long-term opportunity for Ynvisible.
"Our collaboration with Sapphiros continues to make strong progress toward commercialization," said Ramin Heydarpour, CEO of Ynvisible. "With clinical validation advancing and manufacturing scale-up underway, we believe this program is positioned to become one of Ynvisible's most significant high-volume healthcare applications."
CFO appointment
The Company is pleased to announce the appointment of Inês Paramés as Chief Financial Officer, effective September 1, 2026. Over more than four years with Ynvisible, Inês has taken on progressively broader responsibilities across the Company's global finance function, most recently directing the Company's finances for the past two years, and has demonstrated strong financial leadership throughout her tenure. Her deep familiarity with the Company's operations, together with her track record of strengthening financial planning, controls and reporting, positions her to provide continuity and disciplined financial stewardship as Ynvisible advances into commercial-scale production with Sapphiros and other key customers.
The Company also announces that Darren Urquhart has stepped down as Chief Financial Officer, effective August 31, 2026, after serving in the role since 2018.
"I am pleased to welcome Inês to the role of Chief Financial Officer," said Ramin Heydarpour, Chief Executive Officer. "Having worked closely with our leadership team for several years, she brings strong financial expertise, continuity, and valuable insight into our business. I am confident that Inês will play an important role in executing our strategy and supporting Ynvisible's continued growth. On behalf of Ynvisible, I would also like to thank Darren for his invaluable service and contributions over the past eight years. We wish him every success in the future."
Adoption of semi-annual financial reporting
Additionally, the Company has voluntarily elected to adopt semi-annual financial reporting under the program introduced by the Canadian Securities Administrators (CSA).
This news release is being filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.
The first quarterly interim period for which the Company will rely on the exemption, and will not be filing interim financial reports and related Management's Discussion and Analysis (MD&A), is the third quarter of 2026, ending September 30, 2026 (the "Q3 2026 Period").
The Company's decision to move to semi-annual reporting is intended to optimize corporate resources and lower administrative and regulatory compliance costs associated with quarterly schedules, allowing management to dedicate further capital and focus to commercial execution and driving growth. Following the Q3 2026 Period, Ynvisible will continue to provide thorough communication to shareholders through regular operational updates and press releases, alongside its mandated semi-annual interim financial statements and audited annual financial statements.
ON BEHALF OF THE BOARD OF DIRECTORS
Ramin Heydarpour
CEO and Executive Chairman
Ynvisible Interactive Inc.
For further information, please contact:
For Investor Relations:
ir@ynvisible.com
For Public Relations:
pr@ynvisible.com
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.'s 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314080
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the expected timeline for Sapphiros’ clinical trials and commercial launch?
Sapphiros is progressing through clinical trials with completion expected in the fourth quarter of 2026, while advancing regulatory, product optimization and manufacturing scale-up activities toward a planned 2027 commercial launch of its digital diagnostic platform that incorporates Ynvisible’s e-paper displays.
When does Ynvisible’s shift to semi-annual financial reporting begin and what period is affected first?
The first interim period for which Ynvisible will rely on the CSA exemption and will not file quarterly interim financial reports and related MD&A is the third quarter of 2026, ending September 30, 2026. After this Q3 2026 period, the company will file semi-annual interim financial statements alongside its audited annual financial statements.
Who is Ynvisible’s new Chief Financial Officer and when did the transition occur?
Ynvisible appointed Inês Paramés as Chief Financial Officer effective September 1, 2026. She has held progressively broader roles in the company’s global finance function over more than four years and has directed finances for the past two years. She succeeds Darren Urquhart, who stepped down as CFO effective August 31, 2026 after serving in the role since 2018.