Geomerics - New Venture Co.

Angle PLC
06 May 2005

For Immediate Release                                                 6 May 2005

                                   ANGLE plc

                         GEOMERICS: NEW VENTURE COMPANY

ANGLE plc ('ANGLE'), the venture management and consulting company specialising
in the commercialisation of technology, is pleased to announce the launch of its
latest venture company, Geomerics Ltd ('Geomerics').

Geomerics has secured intellectual property in the field of geometric algebra.
Geometric Algebra is 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 now been
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.

One of the main differentiators between computer games is the speed and quality
of rendering of the graphics.  With best-selling games generating several
hundred million dollars for their developers, the quest for better and faster
graphics engines is relentless.  Geomerics' technology provides a step-change
improvement over the competition, and is set to revolutionise the market.
Overall the market for computer games is currently worth more than $30bn and
growing rapidly, and the market for graphics within these games is worth over
$600m per year.

Current electromagnetic modelling techniques do not give the accuracy required
in many applications, because the processing power required is prohibitive.
Geomerics' technology has already been used to resolve complex electromagnetic
modelling problems that rival systems have been unable to solve.  The
electromagnetic modelling market is worth in excess of $100m per year and there
is also considerable latent demand.

This new approach in applying geometric algebra has been developed by a group of
four leading academics from the University of Cambridge: Professor Anthony
Lasenby (Professor of Astrophysics and Cosmology), Dr Mike Hobson (University
Reader in Astrophysics), Dr Chris Doran (EPSRC Advanced Research Fellow) and Dr
Joan Lasenby (Lecturer in Engineering). Geomerics has also engaged Professor
David Hestenes of Arizona State University (the original inventor of geometric
algebra) and Professor Alyn Rockwood of Colorado School of Mines (a geometric
algebra and computer graphics expert) in an advisory capacity.

In accordance with ANGLE's Progeny(R) process for creating new ventures, ANGLE's
plan is to build a strong commercial offering in each of the key markets
sequentially, seeking a return on its investment in the medium term.
Simultaneously, development work will continue on the geometric algebra
platform. ANGLE expects to spend up to £500,000 in the Progeny(R) venture, which
is presently wholly owned by ANGLE.

Commenting on the collaboration with ANGLE, Professor Lasenby said:

'We have been developing the mathematics and technology behind Geomerics for a
number of years, and now is the perfect time to apply it to commercial
applications.  We are delighted that ANGLE will be commercialising our
technology.'

ANGLE's Chief Executive Andrew Newland said:

'Computer graphics and electromagnetic modelling are large, growing markets.
Geomerics' technology is truly leading-edge and we believe it will revolutionise
a wide range of fields.  We are delighted to be working with such a high calibre
of academic inventors.'


For further information:

ANGLE plc
Andrew Newland, Chief Executive                           01483 295830
Stephen Bence, Associate Director - Ventures UK           01223 472745

Buchanan Communications                                   020 7466 5000
Richard Darby, Suzanne Brocks


Notes to Editors

Founded in 1994, ANGLE is an international venture management and consulting
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.


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