Techniplas Names Avi Reichental Vice-Chairman of its Board of Directors

NASHOTAH, Wis., May 4, 2017 — (PRNewswire) — Techniplas, a leading provider of engineered products and services to the automotive and industrial industries, announced today the appointment of Avi Reichental to its board of directors as vice-chairman.

Avi Reichental

Reichental spent 12 years guiding 3D Systems as President, Chief Executive Officer and Director. Under his leadership, 3D Systems emerged as a leading provider of 3D-printing services, along with becoming a leading voice in the industry. During his watch, the company realized significant revenue and valuation growth, and ranked 13th on Forbes' list of the World's Most Innovative Growth Companies in 2014, as well as Fortune magazine's fifth Fastest Growing Company and second Fastest Growing Tech Company in 2013.

For the past two years, Reichental sat on the board of directors of Harman International, a leading provider of connected car and lifestyle products, until its recent acquisition by Samsung Electronics.

"Avi is an experienced executive, parallel entrepreneur, and visionary. He has relevant and profound global insights into the transformation of the automotive industry and deep additive manufacturing knowledge, which will be immensely valuable to Techniplas," said George Votis, founder and chairman, Techniplas. "Avi disrupted the 3D-printing industry and showed that success comes from challenging the status quo. I am very pleased he is joining our board of directors as we continue to evolve Techniplas as a technology leader."

Reichental is the founder, chairman and chief executive officer of XponentialWorks, a venture investment, advisory and product development company and currently also serves as general partner at OurCrowd First, Israel's most active early-stage venture fund. From 1981 to 2003, Reichental held senior executive leadership positions with Sealed Air, where he also served as corporate officer for more than a decade.

"I am excited to join the Techniplas Board and be part of a leading company that is making the connected world possible," said Reichental.  "I look forward to working closely with George Votis and the entire team to help guide the company's business model and technology innovation and drive company-wide digital transformation designed to position Techniplas as a cognitive connected technology provider.

Reichental has spent a career foretelling the convergence of technological trends while highlighting the unlimited potential of exponential technologies. As such, his insights have been sought out by numerous organizations. Reichental currently serves as part of Singularity University's core faculty, a member of the XPRIZE Innovation Board, and a trustee of the Cooper Hewitt, Smithsonian Design Museum.

About Techniplas
Techniplas is headquartered in Nashotah, Wisconsin.  The company employs 2,000 associates around the globe. In 2016, the company reported more than $500 million in revenue. For more information, please visit www.techniplas.com.

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/techniplas-names-avi-reichental-vice-chairman-of-its-board-of-directors-300451451.html

SOURCE Techniplas

Contact:
Techniplas
Alyssa Hoyt, Techniplas, 310-691-0788
Email Contact Brad Marley, Airfoil Group, 248-500-7142
Email Contact
Web: http://www.techniplas.com




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