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Navis Selects LaunchPad to Support Innovation Process

Innovaro, Inc. (NYSE Amex: INV), The Innovation Solutions Company, today announced that Navis LLC., the global software standard for managing the movement of cargo through marine terminals, has entered into an agreement to become a LaunchPad Imagine client and a LaunchPad Design alpha testing partner. Navis will first deploy LaunchPad Imagine to support their internal innovation process then utilize the results from Imagine with Design to assist in developing the business model for new opportunities.

LaunchPad enables companies to access, apply and extract value from a world class, proven innovation methodology while shortening the introduction lifecycle and substantially reducing the risk associated with a new product or business launch. LaunchPad allows users to quickly realize and validate new concepts while maximizing and leveraging existing core competencies within the organization. The rigorous and disciplined methods incorporated into the solution, along with advisory support, enables teams to develop their ideas while building a repository of breakthrough concepts.

Imagine is the first stage in the LaunchPad innovation process. During Imagine the user takes a “journey” through the innovation process starting with the collection of data relevant to the problem to be solved and ending with a set of new business concepts to be pursued. Imagine is comprised of three phases – Discover, Ideate, Elaborate.

LaunchPad Design empowers companies to transform innovative ideas into profitable business models – ahead of investment. These models are then used to test, evaluate, and tune raw concepts to create proven, profitable go-to-market approaches. Design guides companies as they drive their new ideas through a rigorous vetting process. Thanks to Design, companies can sift through diverse ideas more efficiently, focusing resources and investments on only the most profitable candidates.

“Navis looks forward to partnering with Innovaro using the LaunchPad Software,” said Bill Walsh, Navis’s CEO. “Innovation is a key priority for Navis. We are excited about LaunchPad’s potential to shorten our innovation cycle so we can continue to develop the best solutions for our customers.”

“We are very pleased to have Navis as a LaunchPad user,” said Asa Lanum, Innovaro’s CEO. “Navis combines industry expertise with software and world-class services to bring new operational efficiencies to its customers. Working closely with their customers they constantly seek new ways to make the global container supply chain more efficient. Innovaro looks forward to the opportunity to assist Navis in these endeavors. We created LaunchPad to guide businesses through innovation to thrive in today’s market.”

About Navis, LLC

Navis, a part of Cargotec Corporation, is the global technology standard for managing the movement of cargo through terminals, standing the test of time. Navis combines industry best practices with innovative technology and world-class services to enable customers to maximize performance and reduce risk. Whether tracking cargo through a port, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis provides a holistic approach to operational optimization, providing customers with improved visibility, velocity and measurable business results. For more information about Navis, please visit its website at www.navis.com.

About Innovaro, Inc.

Innovaro is The Innovation Solutions Company. The focus of our business is to help clients innovate and grow. Innovaro offers a comprehensive set of services and software to assure the success of any innovation project, regardless of the size or intent. The Company’s unique combination of consulting services provides innovation expertise, its new LaunchPad software product provides an integrated innovation environment, and its Intelligence and Insights services provide businesses the innovation support to drive success. For more information about Innovaro, please visit its website at www.innovaro.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements.” These forward-looking statements can generally be identified as such because the context of the statement will include words such as “expects,” “should,” “believes,” “anticipates” or words of similar import. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements and these factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release is available on Innovaro’s website www.innovaro.com.

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