Angle PLC
27 June 2007
For Immediate Release 27 June 2007
ANGLE plc
('ANGLE' or the 'Company')
ANGLE Awarded Long-term Management Contract with
Innovation Lincolnshire Outreach Programme
ANGLE plc (AIM:AGL), the intellectual property and technology commercialisation
company, announces that it has secured a new management contract worth £0.9
million over the next 21 months.
ANGLE has been appointed to manage the new Innovation Lincolnshire Outreach
Programme which is focussed upon improving business growth and performance
within the Lincolnshire region. This flagship programme, lasting 21 months, is
valued at £1.7 million. £0.9 million is in fees to ANGLE, with the balance being
grants to companies and project expenditure. The programme is being established
to raise the economic performance and aspirations of Lincolnshire's businesses
by providing effective support for innovation and entrepreneurship across the
County.
ANGLE was awarded the contract on the basis of its experience working in similar
business support programmes, both in the UK and internationally, and the
techniques which it was able to demonstrate have generated measurable innovation
benefits for a range of other SMEs. ANGLE was also able to fulfil a critical
requirement of the programme, namely to ensure rapid deployment of a team of
professional innovation managers with relevant commercial and technical
experience. The project is being launched in June and ANGLE is already working
with several of the County's businesses.
The aim of the programme is to assist businesses in the County by advising them
on key business growth issues including:
• ways to become more innovative with their processes;
• the conversion of ideas into new products or services;
• doing business with suppliers and clients;
• identifying new strategies for running businesses.
Commenting on the award of this contract, Andrew Newland, Chief Executive of
ANGLE, said:
'This represents a major contract win for our management services business and
underlines our strategy of focusing on long-term and profitable contracts. In
addition to generating new revenue for ANGLE it also clearly illustrates the
attraction of our business model for SMEs looking to develop and commercialise
their IP.
'We are delighted to have been selected to partner the City of Lincoln Council
and Lincolnshire Enterprise in this new project. Our team is looking forward to
working with Lincolnshire's businesses to help identify new opportunities and
secure business growth through innovation.'
Enquiries:
ANGLE plc +44 (0)1483 295830
Andrew Newland, Chief Executive
Ian Griffiths, Finance Director
Buchanan Communications +44 (0)20 7466 5000
Richard Darby, Suzanne Brocks,
James Strong
Notes to Editors
Founded in 1994, ANGLE is an international venture management 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
This information is provided by RNS
The company news service from the London Stock Exchange
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