BrainBank Inc. awarded U.S. patent for innovation & idea management technology

MONTREAL, May 19 /PRNewswire/ - BrainBank Inc. has announced the issuance of a
United States patent for its technology in innovation and idea management.
Established in 1999, BrainBank has pioneered the development of software and
systems for managing ideas and innovations serving enterprises in a wide range
of industries, including financial services, pharmaceuticals, healthcare,
manufacturing, high-tech, aerospace, consumer products and nuclear power
generation. BrainBank clients include Johnson & Johnson, Northwestern Mutual,
Campbell's Soup, ADP and United Space Alliance.
The patent is directed to a computer implemented method and computer program
product for receiving, handling, and routing business improvement suggestions.
BrainBank has additional patents pending.
The president of the company, Mr. Andre Laurin, greeted the news by stating:
"We are pleased to see that the uniqueness and strengths of our technologies
are being recognized and protected". He added that BrainBank continues its
technological development and has expanded the capabilities of its product
offerings. BrainBank's technological advances are being matched by additional
patent filings.
BrainBank's patented process and software enable organizations to rapidly
engage the operational and cultural focus onto innovation - enabling
collaborative innovation development from diverse stakeholders such as
employees, customers, suppliers, researchers and shareholders - multiplying
occasions for value-building, creating execution accountability across the
enterprise and providing financially measurable results along every step of
the way. Its Idealink(TM) technologies have unique functionalities that enable
organizations to discover incremental cost savings and leverage new product
opportunities. From ideation to implementation, Idealink's end-to-end process
manages ideas through their entire natural life-cycle, prioritizing those with
the most desirable characteristics in a significantly accelerated time to
market; with minimal organizational disruption by way of self organizing
teams, distributed tasking and on-demand SME engagement.
"We see great opportunities ahead. BrainBank is at the forefront of a
transformational change that increasingly enables people from all walks of
life to openly collaborate in creating new, incremental and auditable value."

SOURCE Brain Bank Inc.

Julie Magnan, (514) 636-6655, magnan@brainbankinc.com