REG - Concurrent Tech. - Concurrent Technologies Enters the Systems Market

Accsys TechnologiesAnnouncement

05/10/2022 09:33

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221005:nRSE7851Ba&default-theme=true

RNS Number : 7851B  Concurrent Technologies PLC  05 October 2022

 

5 October 2022

Concurrent Technologies Plc

("Concurrent" or the 'Company')

Concurrent Technologies Enters the Systems Market

Launch of Helios Rugged Vision Computer System

 

Concurrent Technologies (AIM: CNC), a world-leading specialist in the design
and manufacture of high-end embedded computer boards for critical
applications, has entered the Systems market through the launch of Helios, its
new off-the-shelf, ruggedised vision computer system. This has the potential
to significantly expand Concurrent's addressable market.

Concurrent's stated strategy has been to expand beyond the provision of Plug
in Cards (PICs) into systems that utilise its own processor PICs augmented
with best-in-class PICs from supplementary manufacturers. Highly rugged and
small form factor products like Helios, which is designed to withstand the
harshest of environmental conditions, are targeted at a section of the Defence
Systems market estimated in 2020 to be worth $105m growing at 17.9% per annum.
 

Concurrent is committed to providing a range of ruggedised systems solutions
and Helios has the flexibility to meet a number of customer applications
including command and control display, degraded vision enhancement and 360°
vehicle situational awareness.  The core system will enable the launch of
future storage, sensing and control systems by harnessing different
combinations of application specific PICs.

Miles Adcock, CEO of Concurrent Technologies, commented: "The launch of Helios
is a milestone achievement for Concurrent, representing our entry into the
substantial and fast-growing Systems market. Helios also demonstrates our
commitment to create solutions based on customer demand utilising the
expertise of our research and development teams.  Expanding our capabilities
to meet the growing demand of the Systems market has been a part of our stated
strategy and we expect to make further announcements as we continue to enhance
our portfolio and capabilities in this field."

 

Enquiries:

Concurrent Technologies Plc

Miles Adcock, CEO
 
+44 (0)1206 752626

 

SEC Newgate (Financial PR)

Bob Huxford
 
+44 (0)20 3757 6880

Isabelle Smurfit
 
+44 (0)20 3757 6880

Group
email
concurrent@secnewgate.co.uk (mailto:concurrent@secnewgate.co.uk)

 

Cenkos Securities Plc (NOMAD)

Neil McDonald
 
+44 (0)131 220 9771

Peter Lynch
 
+44 (0)131 220 9772

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCDZLFBLBLZFBB