ABAL.L Regulatory News (ABAL)

10 December2012

RNS Reach

Imaginatik Plc

("Imaginatik" or the "Company")

Contract Wins

Imaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of technology products and consultancy, is pleased to announce that it has signed a new, three-year contract to provide software and consultancy to the Research and Engineering division of one of the world's largest publicly traded multinational oil and gas companies.

Under the terms of the contract, Imaginatik will assist the customer in stimulating employee engagement on a range of challenges. This will be delivered through the provision of Imaginatik's innovation software platform, Innovation Central, supported by a significant element of consultancy to ensure high levels of engagement from the 1,000 employees involved in the challenges and crucially that a culture for ongoing innovation becomes embedded in the organisation.

Imaginatik has also signed up two additional customers on a pilot project basis. These are a U.S.-based aerospace manufacturer with global service operations, the project for which will begin in 2013, and a well known UK building society, demonstrating further traction in the European markets. The European project will run through to January 2013 and Imaginatik expects to convert this to an annual contract following the project's completion.

Matt Cooper, Executive Chairman of Imaginatik, commented: "We are pleased to add three further blue-chip businesses to our growing customer base. This helps to validate our position as the innovation partner of choice in the market, and is, we believe, a result of our unique 'full service' offering. We believe we are now entering an 'Age of Innovation', a time in the world of business when due to globalisation, the exponential growth in data, and the speed at which products can now be developed and launched, innovation is now a required competence for survival."

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About Imaginatik

Imaginatik provides a range of Innovation solutions comprised of consultancy, enterprise software and program management to deliver innovation results to companies such as The World Bank, The Chubb Group of Insurance Companies, Boeing, Pfizer, Goodyear, Paccar, Kellogg and Cargill. Few companies possess the internal capability to consistently generate fresh ideas, identify those worth pursuing and reliably transform them into real, value-enhancing assets. Imaginatik's mission is to help these companies build sustainable innovation competencies.

Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Winchester, UK. For more information visit www.imaginatik.com.