Angle Regulatory News (AGL)

16 Dec 2005 14:32

Angle PLC16 December 2005 For Immediate Release 16 December 2005 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-based industryis pleased to announce the appointment of Julian Davis, as Chief TechnologyOfficer at venture company, Geomerics Ltd. Davis, who joins from Kuju Entertainment, the publicly listed computer gamescompany where he held the position of Technical Director for the past six years,has been an active participant on the Microsoft Graphics and Xbox advisoryboards and is highly regarded for his videogame industry knowledge andexperience. Commenting on his appointment, Davis said: "I am delighted to be joining Geomerics. I am confident that the technology willrevolutionise the way video games are made and will offer substantial advantagesand benefits to developers and publishers of next generation titles." Dr Chris Doran, CEO of Geomerics added, "There is no doubt that Julian is an industry heavyweight and will be a valuableasset to us. Geomerics' technology is advancing quickly and we are confident ithas the capacity to greatly impact this industry in the near future. Julian'sexperience and advice will be invaluable in our drive towards commercialisation.We are truly excited to have him on board." Founded earlier this year, Geomerics has secured intellectual property in the field of geometric algebra, a powerful new form of mathematics that vastly simplifies complex geometric calculations. Geometric algebra has its origins in the rather esoteric academic discipline of theoretical cosmology, but it has nowbeen developed for application in a wide variety of disparate commercial applications such as computer graphics in computer games and electromagnetic modelling which is used, amongst other things, for optimising the design of mobile phone antennas and reducing the radar signature of ships and planes. 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 $600m per year. Since itsestablishment, Geomerics has developed a suite of impressive demonstrationswhich have attracted considerable interest in early customer meetings. Geomerics is an ANGLE Progeny(R) Company. For further information ANGLE plc 01483 295830Andrew Newland, Chief ExecutiveStephen Bence, Director - New Ventures Geomerics Ltd 01223 370030Dr Chris Doran, Chief Executive 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. Further information can be found on www.ANGLEplc.com This information is provided by RNS The company news service from the London Stock Exchange