*** IMAGE OF CHAPCHAL AVAILABLE ****
19 January 2000 - London, UK - Danny Chapchal, dubbed the "corporate midwife" for his success in commercialising early stage British companies, has put himself back in the entrepreneurial spotlight by accepting four board appointments -- at BitArts, Kindertec, EasyCarton and Post Impressions. He is also non-executive chairman of Black Box Music, the UK’s fastest growing classical and jazz CD label.
Each of the companies in which Chapchal has taken a role has one thing in common: they are all seeking to commercialise a British invention and take it to a global market.
Chapchal has been appointed as chief executive officer of Nottingham based Bit-Arts <www.bitarts.co.uk>, a British company developing digital rights management technology. He is currently in the process of closing a financing round to enable the company to push its technology aggressively in Europe and the US.
Kindertec <www.kindertec.com> takes Chapchal back to Cambridge, home of Cambridge Display Technology (CDT) where he held the position of chief executive until June 2000. As chairman of Kindertec, an early stage company developing consumer healthcare products, Chapchal is set to broaden its product portfolio beyond its core baby monitoring alarm business into new markets and territories.
EasyCarton <www.easycarton.com>, based in Tunbridge Wells, was founded in 1998 to exploit a very simple invention to make standard gable cartons easy to open. Chapchal has been appointed as a non-executive director and has injected fresh management and thinking into the company, which hopes to make a commercially significant announcement in the next month.
Post Impressions <www.postimpressions.com> a Newbury based company, is developing a computer workstation specifically designed for the demanding requirements of High Definition Television and Digital Film production. As chairman, Chapchal has provided the focus and clear strategic thinking the Company required and is in the process of raising additional finance to enable the Company to bring its innovative technology to market.
"Innovation without a market is worthless. The British have traditionally been excellent at invention, but can be very poor at marketing. I am determined to put the four companies with which where they should be, at the centre of the world stage" said Chapchal.
Chapchal left light emitting polymer pioneer CDT after attracting £10 million investment from Hillman Capital and Kelso Investment, valuing the company at £80 million.
After joining a company in March 1996 that was set on what Chapchal later called a suicidal manufacturing strategy, he pursued a strategy of licensing and joint developments, combined with fundamental research and development.
Under Chapchal’s direction, CDT showed the world’s first light emitting polymer television display in conjunction with Seiko-Epson in February 1998 and announced relationships with Philips, Hoechst, Hewlett-Packard and Delta Electronics.
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