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                                           [phone]
Andrew Newland, Chief Executive
Rob Kornblum, Managing Director US Ventures

Buchanan Communications                             [phone]
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.







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