Angle Regulatory News (AGL)

27 Jun 2007 07:01

Angle PLC27 June 2007 For Immediate Release 27 June 2007 ANGLE plc ('ANGLE' or the 'Company') ANGLE Awarded Long-term Management Contract with Innovation Lincolnshire Outreach Programme ANGLE plc (AIM:AGL), the intellectual property and technology commercialisationcompany, announces that it has secured a new management contract worth £0.9million over the next 21 months. ANGLE has been appointed to manage the new Innovation Lincolnshire OutreachProgramme which is focussed upon improving business growth and performancewithin the Lincolnshire region. This flagship programme, lasting 21 months, isvalued at £1.7 million. £0.9 million is in fees to ANGLE, with the balance beinggrants to companies and project expenditure. The programme is being establishedto raise the economic performance and aspirations of Lincolnshire's businessesby providing effective support for innovation and entrepreneurship across theCounty. ANGLE was awarded the contract on the basis of its experience working in similarbusiness support programmes, both in the UK and internationally, and thetechniques which it was able to demonstrate have generated measurable innovationbenefits for a range of other SMEs. ANGLE was also able to fulfil a criticalrequirement of the programme, namely to ensure rapid deployment of a team ofprofessional innovation managers with relevant commercial and technicalexperience. The project is being launched in June and ANGLE is already workingwith several of the County's businesses. The aim of the programme is to assist businesses in the County by advising themon key business growth issues including: • ways to become more innovative with their processes; • the conversion of ideas into new products or services; • doing business with suppliers and clients; • identifying new strategies for running businesses. Commenting on the award of this contract, Andrew Newland, Chief Executive ofANGLE, said: "This represents a major contract win for our management services business andunderlines our strategy of focusing on long-term and profitable contracts. Inaddition to generating new revenue for ANGLE it also clearly illustrates theattraction of our business model for SMEs looking to develop and commercialisetheir IP. "We are delighted to have been selected to partner the City of Lincoln Counciland Lincolnshire Enterprise in this new project. Our team is looking forward toworking with Lincolnshire's businesses to help identify new opportunities andsecure business growth through innovation." Enquiries:ANGLE plc +44 (0)1483 295830Andrew Newland, Chief ExecutiveIan Griffiths, Finance Director Buchanan Communications +44 (0)20 7466 5000Richard Darby, Suzanne Brocks,James Strong Notes to Editors Founded in 1994, ANGLE is an international venture management company focusingon the commercialisation of technology and the development of technology-basedindustry. ANGLE creates, develops and advises technology businesses on its ownbehalf and for its clients. ANGLE is listed on AIM (AGL.L); further informationcan be found on www.ANGLEplc.com This information is provided by RNS The company news service from the London Stock Exchange