Plastic Logic, the world´s leader in plastic electronics, today named global finance veteran Rik Thorbecke as its Chief Financial Officer. The Throbecke appointment caps a week when the Company officially opened its new world–class plastic electronics factory in Dresden, Germany, and announced the receipt of two prestigious industry awards.
"We welcome Rik at an exciting time, as we ramp up production and prepare to launch our first consumer electronics product early next year," said Plastic Logic CEO Richard Archuleta.
"We couldn´t have found a more qualified CFO to help us take Plastic Logic to the next level," Archuleta said. "Rik brings the depth and breadth of international business and accounting experience that will be invaluable as we grow our operations in the UK, Germany and the US,"
With more than 20 years of international finance experience, Thorbecke most recently served as Vice President, Global Finance for Levi Strauss & Company. Previously, he was Vice President of Global Finance and Audit at Electronic Arts and was a Partner in the Technology Practice of PricewaterhouseCoopers. In addition to be being a California CPA, Thorbecke is also a Registered Accountant in the Netherlands. He received a postgraduate degree in Accounting and Auditing as well as a MS/BS in Business Administration and Economics from the University of Amsterdam in the Netherlands.
Dresden Factory Opened
Industry and local government officials marked yesterday´s official opening of Plastic Logic´s world´s first, commercial scale, plastic electronics factory in Dresden, Germany. (See related press release, issued September 17, 2008.) The first–of–its–kind factory immediately will begin building the groundbreaking plastic electronic displays for Plastic Logic´s first consumer electronics product. The product, an electronic reader for business, is scheduled to ship in the first half of 2009.
New Industry Awards: DEMOgod and Cleantech 100
A demonstration of a prototype of the Plastic Logic electronic reader met with critical acclaim when it was previewed at the DEMOfall 08 industry conference earlier this month in San Diego. At the event, the Plastic Logic reader was awarded the DEMOgod People´s Choice Award. This recognition, voted by attendees, is considered the show´s highest honor.
In other recognition, Cambridge, UK–based research firm The Liberty House announced Plastic Logic has been awarded a spot on its 2008 Cleantech 100 list. The list is a rigorously selected group of private cleantech companies, deemed to represent the hottest prospects for the future by Library House research and an external expert panel of cleantech investors and company leaders.
About Plastic Logic
Plastic Logic´s mission is to lead a revolution in the way people acquire, organize and consume information. We are using our proprietary technology leadership in plastic electronics to create a range of innovative products. Our first product, focused on reading digital content, will enter the marketplace in early 2009.
Founded in 2000 by researchers out of the Cambridge University Cavendish Laboratory, the Company has received more than $200 million in funding from leading international technology firms and investors. Plastic Logic has research and development in Cambridge, England, high–volume, state–of–the–art manufacturing in Dresden, Germany, and executive management, product engineering, sales and marketing headquartered in Mountain View, California. For more information please go to http://www.plasticlogic.com.
