Bill McGlynn spent 20 years working for HP and was part of the team that brought the revolutionary LaserJet printer into the world in 1984.
And Memjet believes it has developed the technology to rival any company in the printer supplies business, suggesting its new printer can produce a standard-sized colour page in a second.
Steve Hoffenberg, director of consumer imaging research for Lyra Research, told the Seattle Times: "What Memjet is offering blows away anything else out there."
Mr McGlynn said that he had been fortunate to work with "two revolutionary technologies that have changed the way people work" and that the new Memjet technology will "do it in a bigger way than the original LaserJet".
The Memjet technology, which Mr McGlynn hopes will shake up the printer supplies market, was developed by Silverbrook research in Australia over a ten-year period.
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