17 Apr 2012 07:00
17 April 2012
Imaginatik Plc
("Imaginatik" or the "Company")
Contract Wins
Imaginatik plc (AIM: IMTK.L), a leading provider of enterprise innovation solutions including a range of technology products and consultancy, is pleased to announce the signing of a minimum three year contract, with an option for a further two years, with Yara International ASA ("Yara"). Yara is a leading chemical company that converts energy, natural minerals and nitrogen into essential products for farmers and industrial customers. The contract is worth approximately $500,000 for the initial term. This contract builds on an initial annual contract signed in February 2011.
Imaginatik will continue to deliver innovation services to Yara, consisting of a combination of consultancy supported by technology, helping Yara to build its innovation competency.
This is the seventh multi-year contract signed in the financial year ended 31 March 2012 (2011: nil).
Imaginatik also added two new pilot projects to its customer list towards the end of the year, both of which are for companies in the energy sector. The Company will seek to move these clients onto full annual contracts during the course of the current financial year.
Matt Cooper, Executive Chairman of Imaginatik, commented: "We are delighted that following a successful first year, Yara has now chosen Imaginatik as its long-term innovation partner. Innovation is a vital element of commercial success and through our unique mix of consulting services and software products our innovation work drives sustainable competitive advantage for our clients, delivering both top and bottom-line growth."
For further information please contact:
Imaginatik plc | Tel: 020 7917 2975 |
Matt Cooper, Chairman / Shawn Taylor, CFO | |
Northland Capital Partners Limited | Tel: 020 7796 8800 |
Gavin Burnell / Edward Hutton | |
Newgate Threadneedle | Tel: 020 7653 9850 |
Caroline Evans-Jones / Hilary Millar |
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, NYSE, 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.