http://www.angletechnology.com/

research note, acrobat reader needed

latest results 24/1/06

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.