ABAL.L Regulatory News (ABAL)

30 Nov 2007 14:41

Imaginatik PLC30 November 2007 Imaginatik plc ("Imaginatik" or the "Company") Imaginatik selected as Technology Pioneer by the World Economic Forum 30 November 2007 - Imaginatik plc (AIM:IMTK), a leading provider of Innovationand Collaborative Problem-Solving software and processes, has today beenselected by the World Economic Forum as one of 39 visionary companies to becomeTechnology Pioneers 2008, and one of only three UK companies to be selected forthis award. The Technology Pioneers 2008 were nominated by the world's leadingtechnology experts, including venture capitalists, technology companies,academics and media. The final selection from 273 nominees was made by a panelof experts appointed by the World Economic Forum. Imaginatik plc has been included as a Technology Pioneer thanks to itsinnovative technology helping organisations to solve some of the biggestchallenges that currently face them. Businesses are finding it increasinglyimportant to innovate and differentiate themselves from competitors, andImaginatik helps them to achieve this by tapping into the 'collective genius'within their organisations. Mark Turrell, CEO of Imaginatik plc, commented, "To be selected as a TechnologyPioneer by the World Economic Forum especially as the topic for this year'sconference is the Power of Collaborative Innovation, is a great endorsement ofour company and our approach. To have been chosen shows that we are succeedingin helping organisations to gain business advantage through innovation, usingthe cost effective resource that is their own workforce." Peter Torreele, Managing Director of the World Economic Forum said, "This yearthe World Economic Forum received a record number of applications from companiesaround the world to become a Technology Pioneer. From a highly competitivefield, we are extremely pleased to have a community that is using innovation andtechnology to dramatically affect the way society and business operate and doingso in a markedly collaborative manner. We are excited to welcome the TechnologyPioneers class of 2008 to the larger community of the World Economic Forum andwe are looking forward to the fruits that their collaboration will bring." For further information please contact: Imaginatik plc Tel: +44 (0)20 7917 2975Mark Turrell, CEO / Shawn Taylor, CFO Investor relations and UK mediaICIS Tel: +44 (0)20 7651 8688Tom Moriarty / Caroline Evans Jones US media relations Tel: +1 202-652-2250Adam Dubitskyadamdubitsky "at" yahoo.com. About Imaginatik Imaginatik is the leading provider of Innovation and Collaborative ProblemSolving software and process to the world's leading companies. More than 100clients rely on Imaginatik's software, consulting and research to enable theirbest-of-breed innovation activities. Imaginatik's software and consulting services have helped clients discoversignificant sources of additional revenue, as well as tangible cost savings,process improvements and increased product pipeline. Imaginatik is alsocommitted to developing strategic solutions in the field of innovation, workingwith academic institutions such as the London Business School and the CassSchool of Business, London, as well as leading practitioners of corporateinnovation. For further information please visit www.imaginatik.com. About the World Economic Forum The World Economic Forum is an independent international organization committedto improving the state of the world by engaging leaders in partnerships to shapeglobal, regional and industry agendas. Incorporated as a foundation in 1971, and based in Geneva, Switzerland, theWorld Economic Forum is impartial and not-for-profit; it is tied to nopolitical, partisan or national interests. (www.weforum.org) Technology Pioneers 2008 are invited to participate in a conference whoseprincipal theme will be "The Power of Collaborative Innovation" at the WorldEconomic Forum Annual Meeting 2008 that will be held in Davos, Switzerland, from23-27 January and in the Annual Meeting of the New Champions that will be heldin Tianjin, People's Republic of China from 25-27 September 2008. About Technology Pioneers Technology Pioneers are companies that have been identified as developing andapplying highly transformational and innovative technologies in the areas ofenergy, biotechnology and health, and information technology. To be selected asa Technology Pioneer, a company must be involved in the development oflife-changing technology innovation and have the potential for long-term impacton business and society. In addition, it must demonstrate visionary leadership,show all the signs of being a long-standing market leader - and its technologymust be proven. Previous Technology Pioneers have included Business Objects,Cambridge Silicon Radio, Corel Corporation, Encore Software, Google, MozillaCorporation and Napster. The companies' products and services include identity management on theInternet, understanding of individuals' genetic information, roboticradiosurgery, pollution control materials, low-cost remote diagnosis solutions,virtual interface technologies, wiki-based projects and next-generation businessintelligence solutions. Twenty-three of the Technology Pioneers 2008 are US-based companies. Israel andthe United Kingdom each boast three; Sweden and Switzerland two each; Canada,France, Germany, India, the Netherlands and Russia, one each. TechnologyPioneers are nominated in three main categories: Energy/Environment,Biotechnology/Health and Information Technology. The entire list of Technology Pioneers and interviews with the CEOs of theselected companies can be found here: http://www.weforum.org/techpioneers/2008. The selection criteria include: 1) Innovation. The company's technology must be truly innovative. A new version or repackaging of an already well-accepted technological solution does not qualify as an innovation. The innovation should be recent - not more than two years old. The company should invest significantly in R&D. 2) Potential Impact. The company's technology must have the potential to have a substantial long-term impact on business and society in the future. 3) Growth and Sustainability. The company should have all the signs of being a long-term market leader and should have well-formulated plans for future development and growth. 4) Proof of Concept. The company must have a product on the market or have proven practical applications of the technology. Companies in "stealth" mode and companies with untested ideas or models will not qualify. 5) Leadership. The company must have visionary leadership that plays a critical role in driving the company towards reaching its goals. 6) Status. The company must not currently be a Member of the World Economic Forum. This criterion applies to the parent company - thus wholly-owned subsidiaries of large firms are not eligible. This information is provided by RNS The company news service from the London Stock Exchange