Angle Regulatory News (AGL)

27 Nov 2009 07:00



ANGLE plc ("the Company")

Contract Win

ANGLE plc ("ANGLE"), the international venture management company focusing on the commercialisation of technology and innovation, is delighted to announce a new contract win for its Management Services business worth £2.3 million over three years.

The contract, which was the subject of a competitive tendering process, is to deliver Innovation Advice and Guidance in Lincolnshire, a product in the UK Government's Solutions for Business portfolio, on behalf of Lincolnshire County Council. The contract follows ANGLE's successful delivery of a previous programme, Innovation Lincolnshire, since May 2007. 

The programme brings the techniques and benefits of innovation to small businesses, identifying openings for innovation based business improvement. These include stimulating growth through the introduction of new products and services and delivering operational improvement through innovative business process change.  ANGLE's specialist consultants provide a complete SME innovation support service, from innovation opportunity identification, training, business analysis and support to project implementation.

Innovation is considered by Lincolnshire's public sector partners to be crucial to the county's development and prosperity. Developed as part of the Lincolnshire Economic Strategy, the Programme is part of the county's  contribution to the East Midlands Regional Innovation Strategy.

Commenting on the award of this new contract, Programme Director Dr Shane Booth said: 

"We are delighted to have been given the opportunity to continue working with delivery partners and businesses across Lincolnshire. Our success in securing this contract reflects the methodologies, delivery processes, expertise and management we have developed to drive innovation. In the earlier programme, we deployed these to assist projects as diverse as the development of new musical instruments, designing special packaging to redeploy a bulk product for retail sale and the creation of a new, mobile biomass heating system."

ANGLE Founder and Chief Executive, Andrew Newland, added:

"This contract confirms the attraction of our capabilities and approach to public sector organisations seeking to deploy technology and innovation as tools for business growth and consequent regional economic development. Our strategy of focusing on long term contracts in cases where we can add substantial value continues to be highly successful for ANGLE. We look forward to the potential of rolling out these capabilities throughout the UK and beyond."

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Notes to Editors

ANGLE plc 

Founded in 1994, ANGLE is an international venture management company focusing on the commercialisation of technology and the development of technology-based industry. ANGLE creates, develops and advises technology businesses on its own behalf and for its clients.

ANGLE's specialist Management services business provides support on a fee-for-service basis to major clients around the world involved in incubation, IP commercialisation, SME innovation and growth and the operation of science & technology parks.

ANGLE also owns a portfolio of companies with high growth potential in the medical and technology sectors in both the UK and the US. These have been developed whilst subsidiaries of ANGLE using its proprietary Progeny® process. ANGLE seeks to retain a substantial shareholding in these companies with a view to ongoing returns from dividend, milestone, royalty and capital returns.

ANGLE's venture management and technology commercialisation skills are of increasing relevance as global economies focus on regeneration, innovation and value added components to their industries. ANGLE's technology skills in IT and software, medical and life sciences, clean tech and renewable energies are directly relevant to major growth markets of the future and are marketed as specialised Management services.

ANGLE is quoted on AIM (AGL.L); further information can be found on www.ANGLEplc.com