New Venture Company

Angle PLC
29 March 2006


For Immediate Release                                            29 March 2006

                                   ANGLE plc

                           ('ANGLE' or 'the Company')

                      New Venture Company: InnoMatica Ltd



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, InnoMatica Ltd ('InnoMatica').



In accordance with ANGLE's Progeny(R) process for creating new ventures,
InnoMatica has secured intellectual property that is set to revolutionise the
US$1.2bn per annum global market for percussive power tools by reducing operator
exposure to vibration, the principal cause of medical conditions such as
Vibration White Finger (VWF). The technology has been developed over ten years
by a team of leading engineers, academics from the University of Cambridge and
members of the power tools industry.



The scale of the vibration problem is substantial. In 2001, over 35% of
employer's liability insurance claims were for Hand Arm Vibration Syndrome
(HAVS), a debilitating condition caused by exposure to hand transmitted
vibration. The Health and Safety Executive (HSE) estimates that there are around
300,000 sufferers of VWF, the most common form of HAVS, in the UK, with around 2
million people regularly exposed to high levels of vibration. Costs of settling
a single VWF claim can exceed £200,000.



Since the implementation throughout Europe of the Physical Agents (Vibration)
Directive (approved by the UK Parliament as The Control of Vibration at Work
Regulations, July 2005), employers have been bound to adhere to specific limits
on employee exposure to vibration in the workplace. The only method of
significantly reducing the vibrations generated by percussive power tools, such
as road breakers, is by increasing the mass of the tool; yet practical and
regulatory issues prevent the movement of such heavy tools. As a result,
employers have had to either limit the time a single employee may use a tool or
use deliberately underpowered tools in order to comply with the regulations.



InnoMatica holds the solution to this problem in the form of its Variable Mass
Technology (VMtechnologyTM). This technology reduces tool vibration to a level
that allows a single operator to use a powerful percussive power tool for up to
four times longer than existing products. This not only removes the need for
time limits or power reduction, but also provides the operator with a much safer
and easier to use tool.


In accordance with ANGLE's Progeny(R) process for creating new ventures, ANGLE's
plan is to build a strong commercial offering, seeking a return on its
investment in the medium term.  ANGLE expects to invest up to £400,000 in the
Progeny(R) venture, which is presently wholly owned by ANGLE. Once InnoMatica
has exercised its option to acquire the technology, ANGLE's equity stake in the
Company will be 61%.


ANGLE's Chief Executive, Andrew Newland, said:



'The power tools and construction industries are worth US$1.2bn per annum, and
they have long awaited a solution to the injuries caused from vibration power
tools. We are delighted to be at the forefront of a technology that dramatically
enhances productivity, not only solving the financial and legislative issues but
also addressing human safety.'



Chief Technology Officer of InnoMatica, Dott. Giovanni Bisutti, said:



'InnoMatica's technology provides a genuine new standard for health, safety,
productivity and operator comfort in percussive power tools.  We intend to
address the major legislative and productivity issues currently facing the
industry.'







For further information


ANGLE plc                                                       [phone]
Andrew Newland, Chief Executive
Stephen Bence, Director of New 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




                      This information is provided by RNS
            The company news service from the London Stock Exchange