Strategic Partnership

Angle PLC
27 July 2006


For Immediate Release                                               27 July 2006


                                   ANGLE plc

                           ('ANGLE' or 'the Company')

          20 year strategic partnership with The University of Reading


ANGLE plc ('ANGLE'), the venture management and consulting company specialising
in the commercialisation of technology, is pleased to announce that it has
signed a 20 year strategic partnership with The University of Reading 
('University').

Under the terms of the agreement, ANGLE has the exclusive right of first refusal
to invest in all University intellectual property (IP) that is commercialised.
Where ANGLE exercises this right, it will invest under a set formula obtaining
an equity stake of 60% in each spin-out company for an investment of up to £0.5
million.  ANGLE will drive development of these ventures utilising its
proprietary Progeny(R) process.

Additionally, ANGLE will receive a 15% share in all commercial returns from
University IP, both licensing and spin-out, in which ANGLE does not invest.  In
exchange, ANGLE will provide consultancy support to the University on IP
commercialisation.

In total, ANGLE expects to invest at least £3.0 million over the first five
years of the agreement and expects that this will be funded from existing
resources.

The University has income of more than £150 million per annum and over 1,000
academic staff.  The most recent government Research Assessment Exercise rated
twenty of its departments as 5 or 5*, denoting international excellence in
research activity.  This excellence is found in areas as diverse as climate
physics, fluid dynamics and food biosciences, the latter of which is ideally
placed as the global market for functional foods grows towards an estimated $95
billion per annum by 2010. In addition, the University's Instrumentation &
Signal Processing Research Group and Cybernetic Intelligence Research Group both
possess not only high international reputations but also strong histories of
producing groundbreaking, commercial technologies.  ANGLE is already working
with the University to evaluate opportunities arising from these and other
areas.

The University has a long tradition of being at the forefront of commercial
activities, as the first British university to integrate an industrial R&D group
on its campus; the first university to win the Queen's Award for Export
Achievement; the host to the UK's leading Knowledge Transfer Partnership (KTP)
Centre; the provider of one of the largest credit bearing entrepreneurship
teaching programmes in the UK; and the home of InnovationWorks@Reading, a
facility for creative problem solving unique in the South East. Existing
spin-out companies include Whitfield Solar, a developer of low-cost solar power
solutions that has recently joined the Carbon Trust's Incubator managed by
ANGLE.



ANGLE's Director of New Ventures, Stephen Bence, said:

'The University of Reading is a top rated research University with strength in
depth through its technology base.  We are delighted to have the opportunity to
work with the University to commercialise its intellectual property over an
extended period of time and look forward to some early successes.'

ANGLE's Group Chief Executive, Andrew Newland, added:

'We are delighted to sign The University of Reading as ANGLE's first UK
strategic partnership.  Establishing long-term relationships with owners of
impressive intellectual property represents a new phase in ANGLE's strategic
development.  This ground-breaking deal is the first of a number of such deals
that we expect to be able to announce over the next 18 months.'

David Savage, Director of Finance and Corporate Services at The University of
Reading, said:

'We have been approached by a number of IP commercialisation groups interested
in investing in the University's intellectual property but ANGLE offered a
unique combination of consultancy expertise in identifying opportunities and
proactive management of their development. We are confident that this strategic
partnership will deliver a step change in technology transfer from The
University of Reading for the benefit of the UK economy.'

The University's Technology Transfer Manager, Sue O'Hare, added:

'ANGLE's track record of successful spin-out companies and network of
experienced and well-connected people are impressive. We are very excited by the
opportunity to work closely with them to realise the potential of the
University's intellectual property and to maintain and develop the University's
record of being at the leading edge.'



For further information

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

The University of Reading                                       [phone]
Sue O'Hare, Technology Transfer Manager

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 The University of Reading

The University of Reading is one of the top 20 research-intensive universities
in the UK, with a world-wide reputation in the areas of environmental
technologies, agriculture, food biosciences, information and communications
technologies, construction management, and financial markets. The University is
committed to achieving excellence in research, teaching and enterprise and to
translating its excellence into a major contribution to culture, economic
well-being and the quality of life.

For more information, visit www.reading.ac.uk


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