Angle PLC
31 January 2007
For Immediate Release 31 January 2007
ANGLE plc
('ANGLE' or 'the Company')
SENIOR APPOINTMENT: GEOMERICS LTD
ANGLE plc, the venture management and consulting company specialising in the
commercialisation of technology and the development of technology-based
industry, is pleased to announce the appointment of Gary Lewis as Chief
Executive Officer at its Progeny(R) venture company Geomerics Ltd.
Mr. Lewis (aged 44) joins Geomerics following eight years at Take-Two (NASDAQ:
TTWO), a leading worldwide publisher, developer and distributor of interactive
entertainment software and accessories. Gary most recently held the position of
Global Chief Operating Officer, based in New York and was previously President
of International Operations for three years, operating out of the UK.
Founded in 2005, Geomerics has secured intellectual property in the field of
geometric algebra, a powerful new form of mathematics that vastly simplifies
complex geometric calculations. Geometric algebra has its origins in the rather
esoteric academic discipline of theoretical cosmology, but it has now been
developed for application in computer graphics.
Geomerics' technology provides a major step-change improvement over the
competition, and is set to revolutionise the market. Overall the market for
computer games is currently worth more than $30bn and growing rapidly, and the
market for graphics within these games is worth over $1.8bn per year. Since its
establishment, Geomerics has developed a suite of impressive demonstrations
which have attracted considerable interest from potential customers.
Following Gary's appointment, founder Dr Chris Doran will move from CEO to Chief
Operating Officer where he will focus on the development of Geomerics' products
and markets.
Commenting on his appointment, Gary Lewis said:
'I am delighted to be joining Geomerics. I have been extremely impressed by
Geomerics' product pipeline and look forward to putting the substantial
advantages of the technology into the hands of developers and publishers of next
generation titles. I am particularly excited by the launch of our first product,
a real-time Radiosity lighting solution.'
Dr Chris Doran, COO of Geomerics added:
'Gary is an industry heavyweight and will be a valuable asset to us. Geomerics'
product pipeline is progressing quickly and we are confident it has the capacity
to greatly impact this industry in the near future. Gary's experience will be
invaluable in our drive towards commercialisation. We are truly excited to have
him on board.'
Andrew Newland, Chief Executive of ANGLE plc said:
'Gary Lewis is one of the leading executives in computer games industry. His
commercial experience and the outstanding network of contacts he has developed
whilst at Take Two will be a major advantage to Geomerics in securing commercial
deals to exploit its technology platform. Gary's recruitment is a coup for
Geomerics and a vote of confidence in the business.'
For further information:
ANGLE plc 01483 295830
Andrew Newland, Chief Executive
John Holden, Director - Ventures Development
Geomerics Ltd 01223 370030
Dr Chris Doran, Founder & Chief Operating Officer
Buchanan Communications 020 7466 5000
Richard Darby, Suzanne Brocks, James Strong
Notes to Editors
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)
and operates from offices in the UK, the US and the Middle East. 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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