ABAL.L Regulatory News (ABAL)

15 Sep 2008 07:00



15 September 2008

Imaginatik Plc

("Imaginatik" or the "Company")

Contract Win

Imaginatik plc (AIM: IMTK), a leading provider of collaborative innovation and problem-solving software and processes, is pleased to announce that it has signed an annual licence contract with Bombardier Aerospace, Belfast Division, the global manufacturer of innovative aerospace solutions.

The contract comes as a result of a successful three month trial period of Imaginatik's core software product, Idea Central, in Bombardier Aerospace's Belfast Division. Over the course of the trial period, 2,000 employees utilised Imaginatik's software to focus on a variety of innovation processes including product development and problem solving. As a result, the level of employee engagement achieved reached 40% across the division as a whole and as high as 90% in some specifically targeted areas.

Imaginatik will be implementing Idea Central across Bombardier's Belfast operations, where it will form the backbone of the front end of its innovation process. This will play a significant part in helping to maintain Bombardier's long history of innovation in order to stay ahead of its competition.

Mark Turrell, CEO of Imaginatik plc commented, "We are delighted to be working with Bombardier and supporting their future growth. This is another example of how we have continued to add major customers during the current economic climate proving that Idea Central provides a compelling ROI for multi-national organisations in all circumstances. It is also further evidence that the market for collaborative innovation and problem solving is continuing to grow, with Imaginatik excellently positioned to capitalise upon this."

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About Imaginatik

Imaginatik is the leading provider of innovation and collaborative problem solving software and process to the world's leading companies. More than 100 clients rely on Imaginatik's software, consulting and research to enable their best-of-breed innovation activities.

Named as a World Economic Forum Technology Pioneer for 2008 and a finalist for the IBM Lotus Awards 2008 in the Best Industry Solution category, Imaginatik's software and consulting services have helped clients discover significant sources of additional revenue, as well as tangible cost savings, process improvements and increased product pipeline. Imaginatik is also committed to developing strategic solutions in the field of innovation, working with academic institutions such as the London Business School and the Cass School of Business, London, as well as leading practitioners of corporate innovation.

For further information please visit www.imaginatik.com