BrainBank Inc

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BrainBank Incorporated awarded U.S. patent for innovation & idea management technology MONTREAL, May 19, PRNewswire "” BrainBank Incorporated 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 BrainBank Incorporated

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