Angle Regulatory News (AGL)

31 Jan 2007 07:02

Angle PLC31 January 2007 For Immediate Release 31 January 2007 ANGLE plc ('ANGLE' or 'the Company') SENIOR APPOINTMENT: GEOMERICS LTD ANGLE plc, the venture management and consulting company specialising in thecommercialisation of technology and the development of technology-basedindustry, is pleased to announce the appointment of Gary Lewis as ChiefExecutive Officer at its Progeny(R) venture company Geomerics Ltd. Mr. Lewis (aged 44) joins Geomerics following eight years at Take-Two (NASDAQ:TTWO), a leading worldwide publisher, developer and distributor of interactiveentertainment software and accessories. Gary most recently held the position ofGlobal Chief Operating Officer, based in New York and was previously Presidentof International Operations for three years, operating out of the UK. Founded in 2005, Geomerics has secured intellectual property in the field ofgeometric algebra, a powerful new form of mathematics that vastly simplifiescomplex geometric calculations. Geometric algebra has its origins in the ratheresoteric academic discipline of theoretical cosmology, but it has now beendeveloped for application in computer graphics. Geomerics' technology provides a major step-change improvement over thecompetition, and is set to revolutionise the market. Overall the market forcomputer games is currently worth more than $30bn and growing rapidly, and themarket for graphics within these games is worth over $1.8bn per year. Since itsestablishment, Geomerics has developed a suite of impressive demonstrationswhich have attracted considerable interest from potential customers. Following Gary's appointment, founder Dr Chris Doran will move from CEO to ChiefOperating Officer where he will focus on the development of Geomerics' productsand markets. Commenting on his appointment, Gary Lewis said: "I am delighted to be joining Geomerics. I have been extremely impressed byGeomerics' product pipeline and look forward to putting the substantialadvantages of the technology into the hands of developers and publishers of nextgeneration titles. I am particularly excited by the launch of our first product,a real-time Radiosity lighting solution." Dr Chris Doran, COO of Geomerics added: "Gary is an industry heavyweight and will be a valuable asset to us. Geomerics'product pipeline is progressing quickly and we are confident it has the capacityto greatly impact this industry in the near future. Gary's experience will beinvaluable in our drive towards commercialisation. We are truly excited to havehim on board." Andrew Newland, Chief Executive of ANGLE plc said: "Gary Lewis is one of the leading executives in computer games industry. Hiscommercial experience and the outstanding network of contacts he has developedwhilst at Take Two will be a major advantage to Geomerics in securing commercialdeals to exploit its technology platform. Gary's recruitment is a coup forGeomerics and a vote of confidence in the business." For further information:ANGLE plc 01483 295830Andrew Newland, Chief ExecutiveJohn Holden, Director - Ventures Development Geomerics Ltd 01223 370030Dr Chris Doran, Founder & Chief Operating Officer Buchanan Communications 020 7466 5000Richard Darby, Suzanne Brocks, James Strong Notes to Editors 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 is listed on AIM (AGL.L)and operates from offices in the UK, the US and the Middle East. Furtherinformation can be found on www.ANGLEplc.com This information is provided by RNS The company news service from the London Stock Exchange