Imation Corp. announced that it was recently awarded the 2010 Minnesota Business Ethics Award (MBEA) for high ethical standards.

According to the statement, founded in 1999 by the Center for Ethical Business Cultures and the Minnesota Chapters of the Society of Financial Service Professionals, the MBEA is given to companies that exemplify and promote ethical conduct for the benefit of the workplace, marketplace, environment and community.

“On behalf of all Imation employees worldwide, I am gratified our company’s commitment to ethics has been recognized by the Minnesota Business Ethics Award,” said Mark Lucas, president and chief executive officer, Imation. “In our 14 years, we have undergone significant change as we have shaped our new company. Today, we do business in more than 100 countries with data storage, electronics, and accessories products and leading brands including Imation, Memorex, TDK Life on Record, and XtremeMac. As our company has evolved, we have worked hard to establish a culture in which ethical business practices are a fundamental part of our core values. It is a commitment we are proud to uphold with our customers, suppliers, employees, shareholders and communities.”

One of three companies to receive the award this year, Imation was recognized in the large company category (more than 500 employees) on May 19, 2010.

For more information visit: www.imation.com ; www.mnethicsaward.org