May 20, 2021
Elephantech Inc.

Elephantech Announces Appointment of CTO and CFO as Members ofthe Board
Elephantech Inc. (head office: Chuo-ku, Tokyo, CEO: Shinya Shimizu, hereinafter “Elephantech”) manufactures PFlex®, a single-sided flex PCB that can be produced in an environmentally friendlier manner. Elephantech ispleased to announce that, as of May 2021, the company has appointed Mr. Junji Takeo CTO (Chief TechnologyOfficer) and Mr. Gosuke Hashimoto CFO (Chief Financial Officer) as Board Directors.
As CTO and Board Director, Mr. Takeo will oversee the techonology development and manufacturing
departments and continue to push for improvements in P-Flex® performance and mass production techonologies.
As CFO and Board Director, Mr. Hashimoto will contribute to the sustainable growth of the company and the midto-long term enhancement of its corporate values through bolstered financial strategies, corporate governanceand compliance.

Junji Takeo
Graduated from Department of Physical Electronics, Graduate School ofScience and Engineering Tokyo Institute of Technology
Conducted research during university and graduate school years on
physical properties evaluation methods for organic thin-film transistors
using light weight and flexible organic semiconductors.
April 2014

February 2016
March 2019

Joined Nikon Corporation, worked on thedevelopment of processes using semiconductor
production equipment
Joined Elephantech Inc.
Appointed Elephantech Executive Officer and Chief
Technology Officer

Gosuke Hashimoto
December 2018

July 2016
July 2019
March 2020

Joined Arata Audit Corporation (currently
PricewaterhouseCoopers Aarata LLC), provided
auditing and consulting services to listed companies
and companies preparing for an IPO
Seconded to Mizuho Securities Co., Ltd. IPO
Department. Engaged in IPO support services.
Reinstated in PricewaterhouseCoopers Arata LLC
Joined Elephantech Inc.

After May 1, 2021, Elephantech's Board of Directors will be as follows:
NameShinya Shimizu
Masaaki Sugimoto
Junji Takeo
Gosuke Hashimoto
Tomihisa Kamada
Masaki Onuma
Kengo Ueha
Yosuke Matsufuji

Role
Co-Founder & CEO
Co-Founder, SVP & Board Director
CTO & Board Director
CFO & Board Director
Outside Director
Outside Director
Outside Director
Outside Audit & Supervisory Board Member

About P-Flex® (https://info.elephantech.co.jp/en/p-flex-fpc)
P-Flex® is a flex PCB manufactured by Pure Additive™ processing.
Conventional electronic circuits are made using a process called photolithography where copper foil is applied tothe entire surface before unnecessary parts are melted away. The Pure Additive™ processing developed by
Elephantech takes the totally opposite manufacturing approach of inkjet printing silver nanoparticles only wherenecessary before applying electroless copper plating.
Company Overview
Name

Elephantech Inc.

Establishment

January 2014

Headquarters

4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan

Representative

Shinya Shimizu, CEOCapital

JPY 100 million

Number of employees

51

Business Description

Development of printed electronics manufacturing technologies andprovision of related services

URL

https://www.elephantech.co.jp/en/
As of May 20, 2021
Contact for inquiries regarding this matter
Elephantech Inc. Public Relations pr@elephantech.co.jp