September 7, 2011 – BUSINESS WIRE — Plastic Logic, plastic electronics technology development company, named Indro Mukerjee as CEO, succeeding 4-year CEO Richard Archuleta.
In 2007, Plastic Logic raised $100 million of equity finance to build a flexible active-matrix display module factory. However, in 2010, the company revised its product roadmap and cancelled its QUE product, planning to move ahead with a second-generation ProReader plastic-electronics-based product.
Mukerjee joins Plastic Logic after serving as Chairman and CEO of high-rel electronics manufacturing firm C-MAC MicroTechnology. Prior to that post, he worked with Philips Semiconductors BV with several executive roles. He was a director in the IPO of VideoLogic, and has held senior management roles with Hitachi’s European Semiconductor Division.
Mukerjee holds a degree in Engineering Science from Oxford University and is a graduate of the Advanced Management Program of the University of Pennsylvania Wharton School.
Plastic Logic is attempting to commercialize its flexible electronics displays, and Mukerjee expects to form "a global business" based around its "unique technology and engineering expertise." Initial commercial products will be rolled out later in 2011, as Plastic Logic’s second manufacturing plant (Zelenograd, Russia) breaks ground. Zelenograd should come online in the 2013-2014 timeframe.
Plastic Logic will concurrently invest in expanding its high-volume, state-of-the-art manufacturing facility in Dresden, Germany, which opened in 2008, as well as its technology R&D center in Cambridge, England and its product development hub in Mountain View, CA.
Plastic Logic’s flexible display products and devices help individuals and businesses use information more effectively. For more information on Plastic Logic, go to PlasticLogic.com.