Contract Wins (4483B)
17 April 2012 - 4:00PM
UK Regulatory
TIDMIMTK
RNS Number : 4483B
Imaginatik PLC
17 April 2012
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 Tel: 020 7796 8800
Limited
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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