http://www.angletechnology.com/

research note, acrobat reader needed

latest results 24/1/06

Another new research note out this month (21st March 06) from Fyshe Horton - available through the investors section on Angles website. Ive posted the link below.

http://miranda.hemscott.com/ir/agl/pdf/FysheHortonFinneyANGLEResearchNotemar06.pdf

A nice summary here -

"Our calculations point to aconsiderable uplift in price and we suspect that the recent fundraising could be the catalyst to trigger a change in sentiment and appreciation in price. What is clear is that the potential of the six un-exited progency companies is not fully reflected. Indeed our calculations suggest that at the current price, the implied value of these investments is only 1.5 million. A fair assessment of the underlying business reveals that this is inadeqaute. If ANGLE can further develop its C&M business whilst continuing to demonstrate the ability to realise value from its Progency companies, the potential exists for a significant re-rating of the shares. BUY"

more new stuff. who would have thought that Vibration White Finger was such a problem !!


Angle PLC
29 March 2006


For Immediate Release 29 March 2006

ANGLE plc

('ANGLE' or 'the Company')

New Venture Company: InnoMatica Ltd



ANGLE plc ('ANGLE'), the venture management and consulting company specialising
in the commercialisation of technology, is pleased to announce the launch of its
latest venture company, InnoMatica Ltd ('InnoMatica').



In accordance with ANGLE's Progeny(R) process for creating new ventures,
InnoMatica has secured intellectual property that is set to revolutionise the
US$1.2bn per annum global market for percussive power tools by reducing operator
exposure to vibration, the principal cause of medical conditions such as
Vibration White Finger (VWF). The technology has been developed over ten years
by a team of leading engineers, academics from the University of Cambridge and
members of the power tools industry.



The scale of the vibration problem is substantial. In 2001, over 35% of
employer's liability insurance claims were for Hand Arm Vibration Syndrome
(HAVS), a debilitating condition caused by exposure to hand transmitted
vibration. The Health and Safety Executive (HSE) estimates that there are around
300,000 sufferers of VWF, the most common form of HAVS, in the UK, with around 2
million people regularly exposed to high levels of vibration. Costs of settling
a single VWF claim can exceed 200,000.



Since the implementation throughout Europe of the Physical Agents (Vibration)
Directive (approved by the UK Parliament as The Control of Vibration at Work
Regulations, July 2005), employers have been bound to adhere to specific limits
on employee exposure to vibration in the workplace. The only method of
significantly reducing the vibrations generated by percussive power tools, such
as road breakers, is by increasing the mass of the tool; yet practical and
regulatory issues prevent the movement of such heavy tools. As a result,
employers have had to either limit the time a single employee may use a tool or
use deliberately underpowered tools in order to comply with the regulations.



InnoMatica holds the solution to this problem in the form of its Variable Mass
Technology (VMtechnologyTM). This technology reduces tool vibration to a level
that allows a single operator to use a powerful percussive power tool for up to
four times longer than existing products. This not only removes the need for
time limits or power reduction, but also provides the operator with a much safer
and easier to use tool.


In accordance with ANGLE's Progeny(R) process for creating new ventures, ANGLE's
plan is to build a strong commercial offering, seeking a return on its
investment in the medium term. ANGLE expects to invest up to 400,000 in the
Progeny(R) venture, which is presently wholly owned by ANGLE. Once InnoMatica
has exercised its option to acquire the technology, ANGLE's equity stake in the
Company will be 61%.


ANGLE's Chief Executive, Andrew Newland, said:



'The power tools and construction industries are worth US$1.2bn per annum, and
they have long awaited a solution to the injuries caused from vibration power
tools. We are delighted to be at the forefront of a technology that dramatically
enhances productivity, not only solving the financial and legislative issues but
also addressing human safety.'



Chief Technology Officer of InnoMatica, Dott. Giovanni Bisutti, said:



'InnoMatica's technology provides a genuine new standard for health, safety,
productivity and operator comfort in percussive power tools. We intend to
address the major legislative and productivity issues currently facing the
industry.'

Another research note out -

http://www.brokerlink.co.uk/angle.pdf

Profile
The share placing announced by ANGLE to raise up to 8.1m will enable it to further develop its Ventures business, which has enjoyed considerable success to date. This can be demonstrated by the flotation of one of its Venture companies, Provexis, last June. At the time of flotation, ANGLE's stake in the company was worth 3.5m, giving the group a profit of 2.0m and by the end of January, due to the rise in the Provexis share price, this stake was worth 6.4m. The group's Consulting and Management business entered the second half with a strong order book, meaning that the outlook for the company is very encouraging and the shares could recover strongly over the next few months....

And the Edison Research update from the 8th March....

http://miranda.hemscott.com/ir/agl/pdf/06EdisonResearchNote08mar06.pdf

"Based on the enlarged market cap following the placing, the implied value placed on the six non-exited ventures is just 6 million, equivalent to an exit multiple of 1.7x"

"Factoring in the 6.8x exit multiple, we calculate Angles embedded value at 41.6m, an uplift of 80% from the profroma market cap of 23m"

And more importantly announced today - good to see Fidelity here and nice of them to pick up 10% :)

FMR Corp and Fidelity International Limited (FIL) and their direct and indirect
subsidiaries

Number of shares / amount of stock acquired: 2,658,227

Percentage of issued class 9.80%

Why 2 threads?

The mind boffles!

Admittedly the title could be a bit more sexy than just:

Angel(epic)

KD.

Gets people thinking doesnt it....Actually like the charts here - but the other thread title is a bit more catchy lol

Okay consensus to keep this one and ditch the other one frpm now on.

For Immediate Release 4 May 2006


ANGLE plc

('ANGLE' or 'the Company')

New Venture Company: Parsortix Inc

ANGLE plc ('ANGLE'), the venture management and consulting company specialising
in the commercialisation of technology, is pleased to announce the launch of its
latest venture company, Parsortix Inc, which was agreed on 28 April but for
reasons of commercial confidentiality was embargoed until now.

In accordance with ANGLE's Progeny(R) process for creating new ventures,
Parsortix has secured intellectual property that has the potential to change the
$600 million global market for prenatal diagnostics by eliminating the need for
maternal invasive procedures. The technology, developed in private laboratories
in both the US and Europe, is also applicable to bone marrow transplant
procedures used in the therapeutic regimen for the treatment of cancer.

Approximately 6.5 million pregnancies occur in the United States alone each
year. Parsortix's technology enables the determination of chromosomal
abnormalities in the first trimester of pregnancy without the need for invasive
diagnostic procedures. Early definitive diagnosis for chromosomal abnormalities
associated with spina bifida, Down's, Turner, and Klinefelter syndromes, as well
as other disorders due to genetic abnormalities, can help physicians better care
for both the mother and the foetus during pregnancy. It also gives families
earlier information with respect to the health of the unborn child and avoids
the risk to mother and foetus of the maternal invasive procedures currently
used.

This technology should also help provide better care for chemotherapy and
radiation treated patients who have to undergo bone marrow transplants. In
addition, it should help ensure the safety of marrow transplants for the
patients receiving their own bone marrow (autologous transplants) and may also
be used in preventing immune rejection during bone marrow transplant from
another donor.

The technology will fit into current medical practice enabling less expensive
procedures, and more timely diagnosis adding value to both prenatal care and
cancer therapeutics.

In accordance with its process for new venture creation, ANGLE will provide
management and initial funding to Parsortix, creating a business plan, initial
management, IP protection, regulatory guidance, and product planning. This
company is being formed in accordance with the strategic relationship between
the Ben Franklin Technology Partners of Southeastern Pennsylvania and ANGLE.
The agreement provides that ANGLE will work with BFTP to form companies in the
South Eastern Pennsylvania region to promote economic development in the region
through the formation of technology based enterprises.

Commenting on the formation of Parsortix, ANGLE's Chief Executive, Andrew
Newland said:

'We are delighted to have launched Parsortix Inc. The prenatal diagnostic
market is one that is ready for a new approach and the benefits of early
diagnosis without the risk of maternal invasive procedures is enormous.

This is the first company resulting from our preferred commercialisation partner
agreement with Ben Franklin Technology Partners of Southeastern Pennsylvania
(BFTP/SEP), which provides ANGLE access to commercialisation opportunities from
more than $1 billion of research funding per annum in the Greater Philadelphia
region.'

annuver new venture for angle ......

Angle PLC
17 May 2006



For Immediate Release 17 May 2006


ANGLE plc
('ANGLE' or 'the Company')

New Venture Company: Kaloptics, Inc.

ANGLE plc ('ANGLE'), the venture management and consulting company specialising
in the commercialisation of technology, is pleased to announce that it has signed
an agreement with New York University (NYU) to commercialise innovative technology
developed at the Media Research Lab in the Computer Science Department of NYU's
Courant Institute of Mathematical Sciences. The agreement was effective on 30
April but for reasons of commercial confidentiality was embargoed until now.


Researchers Ken Perlin, PhD and Jeff Han have developed a patent-pending
kaleidoscope and software system that enables the rapid capture and recreation
of photo-realistic surface images. The technology has a wide range of commercial
applications in multi-billion dollar industries, including special effects,
animation, computer gaming and medical devices.


As part of its normal model for venture creation, ANGLE has formed and will
incubate Kaloptics, Inc. to lead the technology commercialisation, market and IP
assessment, and business strategy. ANGLE will contribute the initial management
of Kaloptics and lead a seed financing round for the company.


Ken Perlin is a professor in the Department of Computer Science at NYU and was
founding director of its Media Research Lab. His research interests include
graphics, animation, user interfaces and multimedia. He also received an Academy
Award for Technical Achievement from the Academy of Motion Picture Arts and
Sciences.


Jeff Han, a computer science researcher at NYU, has been working in the fields
of real-time computer graphics, computer vision, human-computer interfaces and
machine learning for over ten years.



ANGLE's Chief Executive, Andrew Newland, said:


'We are delighted to be working with New York University and its Media Research
Lab. These are world-class researchers who have produced numerous contributions
to their fields. We believe that the Kaleidoscope system can address a major
issue in multiple markets - the cost effective acquisition of data that can be
used for the creation of realistic surface images.'

Yes - looking good from here - overhang cleared with those large trades last week with 200k @ 77p.

Be nice to see some continued newsflow on their existing progency companies.

Expecting updates on 'Aberro' revenues via their release of STARwest - which were expected to be generated Q1 2006, as well as information on further product launches from 'Acolyte Biomedia' which were due in teh first half 2006 and teh possibility of a game industry deal from 'Geomerics' which was hinted at as well in teh first half 2006.