Angle Regulatory News (AGL)

27 Nov 2006 13:49

Angle PLC27 November 2006 For Immediate Release 27 November 2006 ANGLE plc ('ANGLE' or 'the Company') Contract Award ANGLE is pleased to announce that it has won a contract with the Carbon Trust toprovide commercial expertise to businesses that demonstrate cost-effective,carbon-reducing solutions. This contract is a continuation of the successful activity undertaken by ANGLEfor the Carbon Trust over the last two years. During this time ANGLE has workedwith 14 early-stage businesses under the programme delivering business planningadvice and development support. The Carbon Trust pays ANGLE up to £65,000 percompany to provide them with business advice. CT-ANGLE Incubator companies have enjoyed considerable success to date raisingover £25 million investment whilst in the incubator, including two companies,CMR Fuel Cells and Oxford Catalysts that have listed on AIM. It is the intention of both ANGLE and the Carbon Trust to build on the successof the Incubator programme, delivering greater support to a greater number ofcompanies. The new contract is for two years with the facility to extend it fora further year. The Carbon Trust plans considerable marketing activities toattract a greater number of companies, whilst ANGLE intends to uses its growingpartnership network, such as the recently announced intellectual propertyframework with the University of Reading, to source further suitable companies. Andrew Newland, Chief Executive of ANGLE said: "The award of this contract recognises the key role that ANGLE can play indeveloping the low carbon technology companies of the future. This is a growthmarket and we believe our participation in Carbon Trust's programme will yieldsubstantial business opportunities over and above the contract itself." For further information ANGLE plc +44 (0)1483 295830Andrew Newland, Chief Executive Buchanan Communications +44 (0)20 7466 5000Richard Darby, Suzanne Brocks, James Strong Note to editors: About ANGLE Founded in 1994, ANGLE is an international venture management and consultingcompany focusing on the commercialisation of technology and the development oftechnology-based industry. ANGLE creates, develops and advises technologybusinesses on its own behalf and for its clients. ANGLE operates from offices inthe UK, the US and the Middle East. ANGLE is listed on AIM (AGL.L); further information can be found atwww.angleplc.com About The Carbon Trust The Carbon Trust works with UK business and the public sector to cut carbonemissions and develop commercial low carbon technologies. An independent companyset up by Government to help the UK meet its climate change obligations, theCarbon Trust creates practical business-focused solutions to carbon emissionreduction on energy efficiency, carbon management, and investment. The Carbon Trust's annual funding is in excess of £105m in grants from theDepartment for Environment, Food and Rural Affairs (Defra), the Department ofTrade and Industry(DTI), the Scottish Executive, the Welsh Assembly Governmentand Invest NI. For more information on the Carbon Trust visit www.carbontrust.co.uk or call theCarbon Trust on 0800 085 2005. This information is provided by RNS The company news service from the London Stock Exchange