New Venture Company

Angle PLC 17 May 2006 For Immediate Release 17 May 2006 ANGLE plc ('ANGLE' or 'the Company') New Venture Company: Kaloptics, Inc. ANGLE plc ('ANGLE'), the venture management and consulting company specialising in the commercialisation of technology, is pleased to announce that it has signed an agreement with New York University (NYU) to commercialise innovative technology developed at the Media Research Lab in the Computer Science Department of NYU's Courant Institute of Mathematical Sciences. The agreement was effective on 30 April but for reasons of commercial confidentiality was embargoed until now. Researchers Ken Perlin, PhD and Jeff Han have developed a patent-pending kaleidoscope and software system that enables the rapid capture and recreation of photo-realistic surface images. The technology has a wide range of commercial applications in multi-billion dollar industries, including special effects, animation, computer gaming and medical devices. As part of its normal model for venture creation, ANGLE has formed and will incubate Kaloptics, Inc. to lead the technology commercialisation, market and IP assessment, and business strategy. ANGLE will contribute the initial management of Kaloptics and lead a seed financing round for the company. Ken Perlin is a professor in the Department of Computer Science at NYU and was founding director of its Media Research Lab. His research interests include graphics, animation, user interfaces and multimedia. He also received an Academy Award for Technical Achievement from the Academy of Motion Picture Arts and Sciences. Jeff Han, a computer science researcher at NYU, has been working in the fields of real-time computer graphics, computer vision, human-computer interfaces and machine learning for over ten years. ANGLE's Chief Executive, Andrew Newland, said: 'We are delighted to be working with New York University and its Media Research Lab. These are world-class researchers who have produced numerous contributions to their fields. We believe that the Kaleidoscope system can address a major issue in multiple markets - the cost effective acquisition of data that can be used for the creation of realistic surface images.' For further information ANGLE plc +44 1483 295830 Andrew Newland, Chief Executive Rob Kornblum, Managing Director US Ventures Buchanan Communications +44 20 7466 5000 Richard Darby, Suzanne Brocks, James Strong, Amy Rajendran Note to editors: About 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 operates from offices in the UK, the US and the Middle East. ANGLE is listed on AIM (AGL.L); further information can be found at www.angleplc.com About NYU New York University, located in the heart of Greenwich Village, was established in 1831 and is one of America's leading research universities and a member of the selective Association of American Universities. It is one of the largest private universities, it is a leader in attracting international students and scholars in the U.S, and it sends more students to study abroad than any other U.S. college or university. Through its 14 schools and colleges, NYU conducts research and provides education in the arts and sciences, law, medicine, business, dentistry, education, nursing, the cinematic and performing arts, music, public administration, social work, and continuing and professional studies, among other areas. This information is provided by RNS The company news service from the London Stock Exchange

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