Geomerics progress

RNS Number : 8686E

Angle PLC

14 April 2011

 



For immediate release

14 April 2011

ANGLE plc (the "Company")

Geomerics progress

ANGLE plc, which focuses on the commercialisation of technology and the development of technology-based industry, is pleased to announce that its 35% owned portfolio company Geomerics Limited, which specialises in computer games middleware, has enjoyed a strong start to 2011, securing sales for seven new titles with three major publishers in the first quarter. All the new titles are with large publishers and include some of the industry's most iconic and best selling computer games.

In keeping with the games industry's standard working practices, details of the individual titles and publishers will not be made public until those titles are released. At this time, the only information Geomerics is able to disclose is that three of these titles are scheduled to be released in calendar 2011, all of them well-known and highly regarded game franchises.

The Company's current trading environment remains in line with the statements made in the Company's interim results for the six months ended 31 October 2010.

Geomerics Chief Executive, Gary Lewis commented:

"We are delighted to have enjoyed such a positive start to 2011. Sales are taking off, and we were one of the most talked about companies at the recent Games Developers Conference in San Francisco. Everything is set for this to be our best year yet." 

ANGLE Founder and Chief Executive, Andrew Newland, commented:

"We are pleased to see Geomerics sales performance strengthening and look forward to seeing the impact of Geomerics' technology in computer games released by the end of the year."

For further information:

ANGLE plc	01483 685830
Andrew Newland, Chief Executive Ian Griffiths, Finance Director
Collins Stewart Europe Limited Stewart Wallace	0207 523 8350
Scott Harris Stephen Scott, James O'Shaughnessy, Harry Dee	0207 653 0030

Notes to Editors

ANGLE plc

Founded in 1994, ANGLE focuses 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 company holdings with high growth potential in the medical and technology sectors.  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 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, cleantech 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.

Geomerics

Geomerics is an innovation-led company developing cutting-edge graphics technology for the games industry. The company is based in Cambridge, UK, and has built a team that combines world class management and games industry experience with some of the UK's leading researchers.

We are partners with many of the leading companies in the games industry and are currently working with developers around the world on AAA titles for release in 2011 and beyond.

 

END

 

 

MSCMMGMDKFZGMZM