New Contracts
Angle PLC
12 April 2005
For Immediate Release Tuesday 12 April 2005
ANGLE plc
ANGLE Signs Three Year Management Contract with Qatar's Science & Technology
Park
ANGLE plc, the venture management and consulting company specialising in the
commercialisation of technology, is pleased to announce that it has been
appointed to manage Qatar's Science & Technology Park ('STP') until March 2009.
ANGLE will provide the Qatar Foundation, owner of the Science & Technology Park
in Doha, with a specialised project team, supported by additional staff
resources from Europe and the US. The team is charged with ensuring the
effective establishment and operation of the STP, which will be the emerging
international hub of research and commercialisation in the Middle East.
ANGLE will be responsible for leadership on strategic and operational
activities, management of technology transfer issues, the development of STP's
physical presence and external profile, as well as programs supporting Qatar's
development and commercialisation of technology. The value of the contract is
over £6 million over the 3 year term.
Qatar Foundation's Science & Technology Park aims to be an international
location for the development and commercialisation of technology. Part of the
one thousand hectare Education City campus in Doha, it is a place where
companies can develop their intellectual property and deliver it to the
marketplace; where research institutes undertake collaborative R&D; and where
entrepreneurs create and grow start-up technology companies.
STP will host companies from a range of sectors and sizes: multinational and
local companies, start-ups, training and consulting firms, and research
institutes. Multinational companies EADS, ExxonMobil, Microsoft, Shell and Total
have already announced their intention to establish operations at STP. They
join world-class Universities on the campus: Texas A&M University (engineering),
Carnegie Mellon (computer science and business), Weill Cornell (medicine) and
Virginia Commonwealth University (design).
His Excellency Dr Abdulla Al Kubaisi, Chairman of STP and member of the Qatar
Foundation Board of Directors, commented:
'Over the past fifteen months Qatar Foundation has been impressed with ANGLE's
performance to date in getting Qatar's Science & Technology Park off the ground.
We are very confident they will continue this success over the coming years.'
Andrew Newland, Chief Executive of ANGLE, said:
'I am delighted that ANGLE has been selected to deliver the next critical phase
of STP's development. This is an important milestone for our company, placing
us at the centre of one of the world's most ambitious technology
commercialisation projects. We will be leading the research and
commercialisation process in Qatar through a raft of STP programmes including
the creation and growth of new technology companies, establishment of a venture
capital fund, and development of an entrepreneurship training and mentoring
program. We are pleased to be working with such a high calibre Board of
Governors.'
For further information
ANGLE plc +44 (0)1483 295830
Andrew Newland, Chief Executive
Dawson Buck, Deputy Chief Executive
Buchanan Communications +44 (0)20 7466 5000
Richard Darby, James Strong
Notes to Editors
ANGLE
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. ANGLE is listed on AIM
(AGL.L); further information can be found on www.ANGLEplc.com
STP
Qatar Foundation's Science & Technology Park is creating the ideal environment
in which to develop and commercialise technology. It provides world-class
facilities and services for companies from around the globe, and is fostering
start-up technology enterprises. Located in Qatar's renowned Education City,
STP tenants have access to the region's leading research universities and their
highly educated graduates. STP will also be one of Qatar's first free-trade
zones, making it easy and attractive to set up a wholly-owned company in the
country. By encouraging local technology development, STP is creating
opportunities for the region's scientists and entrepreneurs, and leading to
innovations that will benefit its industry and society. www.stp.org.qa
Her Highness Sheikha Mozah Bint Nasser Al-Missned has appointed an international
Board of Governors to the STP chaired by His Excellency Dr Abdulla Al Kubaisi,
Director of the Office of Her Highness, Member of the Qatar Foundation Board of
Directors. Its other members are Professor Sir Graeme Catto, President of the
General Medical Council in the UK, Pro Vice-Chancellor University of London,
Vice-Principal King's College London, Dean of Guy's, King's and St Thomas'
Medical and Dental Schools; Ms Dinah Adkins, President and CEO of the National
Business Incubation Association in the USA; Ms Jill R Felix, former President
and CEO of University Science Center in the Philadelphia, USA; Mr Khalid Mannai,
Chairman Mannai Corporation, Qatar; Dr Charles Young, President Qatar
Foundation, formerly President University of Florida and Chancellor of
University of California Los Angeles.
THE QATAR FOUNDATION for Education, Science & Community Development is a
private, non profit, chartered organization, founded in 1995 by His Highness
Sheikh Hamad Bin Khalifa Al-Thani, Emir of Qatar, and chaired by Her Highness
Sheikha Mozah Bint Nasser Al-Missned. The Foundation's flagship project is
Education City, a 2,500-acre campus on the outskirts of Doha which hosts branch
campuses of four of the world's leading research universities, as well as Qatar
Science and Technology Park and the RAND-Qatar Policy Institute. Soon it will
include a specialty teaching hospital and a world-class convention centre. For
more information on the Qatar Foundation and its projects, please visit
www.qf.org.qa.
This information is provided by RNS
The company news service from the London Stock Exchange
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