Printed Electronics Now staff09.08.20
PragmatIC appointed Erik Langaker as an independent chair to complement its existing Board of Directors.
This appointment comes alongside additional funding of over £13 million to support ongoing production ramp-up, accelerate manufacturing optimization and drive continued product innovation.
Langaker has a background in developing and commercializing technology businesses, with 30 years of international experience in private equity and entrepreneurial ventures.
He has been an active investor and chair, or board director, at 25 companies.
Many are in complementary sectors to PragmatIC, such as his current chair position at Kezzler AS, whose patented item-level serialization technology helps brands combat counterfeit goods, eliminate unauthorized distribution, and improve consumer engagement.
Langaker will also invest his own funds in the company’s current funding round.
“We are delighted to welcome Erik to the Board. He brings us valuable experience alongside market-relevant knowledge at a pivotal time, as we scale the business towards our vision of a trillion flexible integrated circuits," PragmatIC CEO Scott White said.
“I am honored to join PragmatIC and its talented team of innovators at such an exciting time as they are poised to disrupt the electronics industry as well as the supply side of many consumer goods industries," Langaker said. "With an increasing focus on and need for a circular economy and transparent supply chains, PragmatIC is ‘just in time’ in bringing a cost-effective and highly scalable solution to the market. Opportunities in RFID alone have the potential to exceed a trillion units, and I can see immediate possibilities across healthcare, logistics and retail just from within my own network of contacts.”
