WEF Technology Pioneer
Imaginatik PLC
30 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 Innovation
and Collaborative Problem-Solving software and processes, has today been
selected by the World Economic Forum as one of 39 visionary companies to become
Technology Pioneers 2008, and one of only three UK companies to be selected for
this award. The Technology Pioneers 2008 were nominated by the world's leading
technology experts, including venture capitalists, technology companies,
academics and media. The final selection from 273 nominees was made by a panel
of experts appointed by the World Economic Forum.
Imaginatik plc has been included as a Technology Pioneer thanks to its
innovative technology helping organisations to solve some of the biggest
challenges that currently face them. Businesses are finding it increasingly
important to innovate and differentiate themselves from competitors, and
Imaginatik 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 Technology
Pioneer by the World Economic Forum especially as the topic for this year's
conference is the Power of Collaborative Innovation, is a great endorsement of
our company and our approach. To have been chosen shows that we are succeeding
in helping organisations to gain business advantage through innovation, using
the cost effective resource that is their own workforce.'
Peter Torreele, Managing Director of the World Economic Forum said, 'This year
the World Economic Forum received a record number of applications from companies
around the world to become a Technology Pioneer. From a highly competitive
field, we are extremely pleased to have a community that is using innovation and
technology to dramatically affect the way society and business operate and doing
so in a markedly collaborative manner. We are excited to welcome the Technology
Pioneers class of 2008 to the larger community of the World Economic Forum and
we are looking forward to the fruits that their collaboration will bring.'
For further information please contact:
Imaginatik plc Tel: +44 (0)20 7917 2975
Mark Turrell, CEO / Shawn Taylor, CFO
Investor relations and UK media
ICIS Tel: +44 (0)20 7651 8688
Tom Moriarty / Caroline Evans Jones
US media relations Tel: +1 202-652-2250
Adam Dubitsky
adamdubitsky 'at' yahoo.com.
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.
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.
About the World Economic Forum
The World Economic Forum is an independent international organization committed
to improving the state of the world by engaging leaders in partnerships to shape
global, regional and industry agendas.
Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the
World Economic Forum is impartial and not-for-profit; it is tied to no
political, partisan or national interests. (www.weforum.org)
Technology Pioneers 2008 are invited to participate in a conference whose
principal theme will be 'The Power of Collaborative Innovation' at the World
Economic Forum Annual Meeting 2008 that will be held in Davos, Switzerland, from
23-27 January and in the Annual Meeting of the New Champions that will be held
in Tianjin, People's Republic of China from 25-27 September 2008.
About Technology Pioneers
Technology Pioneers are companies that have been identified as developing and
applying highly transformational and innovative technologies in the areas of
energy, biotechnology and health, and information technology. To be selected as
a Technology Pioneer, a company must be involved in the development of
life-changing technology innovation and have the potential for long-term impact
on business and society. In addition, it must demonstrate visionary leadership,
show all the signs of being a long-standing market leader - and its technology
must be proven. Previous Technology Pioneers have included Business Objects,
Cambridge Silicon Radio, Corel Corporation, Encore Software, Google, Mozilla
Corporation and Napster.
The companies' products and services include identity management on the
Internet, understanding of individuals' genetic information, robotic
radiosurgery, pollution control materials, low-cost remote diagnosis solutions,
virtual interface technologies, wiki-based projects and next-generation business
intelligence solutions.
Twenty-three of the Technology Pioneers 2008 are US-based companies. Israel and
the United Kingdom each boast three; Sweden and Switzerland two each; Canada,
France, Germany, India, the Netherlands and Russia, one each. Technology
Pioneers 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 the
selected 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