Plastic Logic announced earlier this month the appointment of Konrad Herre as Vice President, Manufacturing for Dresden operations. Mr. Herre will be responsible for the Plastic Logic team in Dresden and oversee the extensive ramp-up, as well as the subsequent production process in the Dresden fab, including business partnerships. Mr. Herre's appointment marks a decisive step in the intensive build up of Plastic Logic's German subsidiary. Following the laying of the foundation stone in May and last month's topping-out ceremony, the construction of the production facilities is well on the way to completion in December of this year.
Having held several positions in large, international microelectronics companies, Mr. Herre brings vast experience in the world of semiconductor manufacturing to Plastic Logic. Previously President and COO of X-FAB Semiconductor Foundries, Vice President Production Logistic Fiber Optics with Infineon and most recently COO and member of the Managing Board of ZMD AG as well as President of ZFOUNDRY, Mr. Herre was responsible for large-scale production facilities (including manufacturing, back-end and test) as well as technology development and relations with customers and strategic partners. Furthermore, he has great experience in team management, having managed organizations with over 1500 employees.
"Konrad's significant experience in this field and in the management of large teams across Europe will be a great advantage for the company," stated John Mills, Chief Operating Officer at Plastic Logic.
Appointment of Director of Quality
Plastic Logic also announced at the same time the appointment of Klaus Hermann as Director of Quality. In this role, Mr. Hermann will look after quality assurance and management for all of Plastic Logic's display module operations. Whilst he will be based in Dresden, Mr. Hermann's responsibilities span Plastic Logic's Cambridge and Dresden locations. He joins the team at an important time in the company's growth.
As well as being able to draw on his wealth of experience in semiconductor quality inspection and improvement, following almost twenty years in the semiconductor industry, Mr. Hermann has previously held the position of Chief Executive Quality with three large semiconductor companies, including Thesys Gesellschaft für Mikroelektronik GmbH, Melexis GmbH and most recently XFAB Semiconductor Foundries AG. In these roles, Mr. Hermann was responsible for the implementation of company-wide quality organization involving the integration of new sites, certification and supplier management. He has previously managed teams of up to 200 employees worldwide.
"Klaus' detailed background in the area of quality management and his team leadership skills will be great assets to Plastic Logic," stated John Mills, Chief Operating Officer at Plastic Logic.
"The company has been growing at an exceptional rate in the past year and is seeking world-class people across the globe to work in a variety of roles. Plastic Logic plans to employ 150 people in the new Dresden facility by 2009."
About Plastic Logic
Plastic Logic is a leading developer of plastic electronics - a new technology for manufacturing (or printing) electronics. The Plastic Logic approach solves the critical issues in manufacturing high resolution transistor arrays on flexible plastic substrates by using a low temperature process without mask alignment that is scaleable for large area, high volume and low cost. This enables radical new product concepts in a wide range of applications including flexible displays and sensors. Independent experts from IDTechEx forecast plastic electronics will be a $30 billion industry by 2015, and could reach as much as $250 billion by 2025.
Plastic Logic was spun out of Cambridge University in 2000 to build on 10 years of research and has a team of more than 90 employees. The company has now raised equity and venture finance from financial and industrial investors including Amadeus Capital Partners (UK), BASF (Germany), Bank of America (US), Dow Chemical (US), Intel Capital (US), Morningside (Hong Kong), Merifin Capital (Belgium), Nanotech Partners (an international nanotechnology fund established principally by Mitsubishi Corporation of Japan), Oak Investment Partners (US), PolyTechnos Venture-Partners (Germany), Siemens (Germany), Tudor Investment Corporation (US) and Yasuda Enterprise Development (Japan). Other shareholders include Cambridge Display Technology, Seiko Epson and the University of Cambridge. Venture finance has been provided by European Technology Ventures and European Venture Partners.
For more information: www.plasticlogic.com
Contact and further information:
Rachel Lichten, Business Manager
Plastic Logic GmbH
+49 (0)351 8838 2603