REG - Concurrent Tech. - $3.33m order for standard VME product

Concurrent TechnologiesAnnouncement

16/12/2024 07:00

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RNS Number : 0970Q  Concurrent Technologies PLC  16 December 2024

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16 December 2024

Concurrent Technologies Plc

(the "Company" or the "Group")

 

$3.33m order for standard VME product

 

Concurrent Technologies Plc (AIM: CNC), a designer and manufacturer of
leading-edge computer products, systems, and mission-critical solutions used
in high-performance markets by some of the world's major OEMs, is pleased to
announce a $3.33 million purchase order for one of its standard product
computer boards from a US defence prime contractor, for delivery in the first
half of 2025.

 

This order, which is from an existing customer, is for a product that conforms
to the VME standard. This is an older standard, used widely in defence which
Concurrent has committed to supporting long-term.

 

This family of VME cards are deployed across all types of ships in the US
Navy, and foreign military ships, in applications such as RADAR systems. In
this instance, the customer is securing stock from Concurrent for use in new
platforms, and also for retrofitting to older ones.

 

The advantage of Concurrent's VME family is that they are backward compatible,
allowing customers to access the latest computer technology from companies
such as Intel within their pre-existing VME compliant systems.

 

Miles Adcock, CEO of Concurrent Technologies Plc, commented: "This is an
important order for Concurrent, not only because of its financial size, but
also because it demonstrates the long-term commitments that the Company is
creating in the US. Our customers value the approach we take technically with
long term road maps and support."

 

Enquiries:

 

 Concurrent Technologies Plc

Miles Adcock - CEO

                                          +44 (0)1206 752626
 Kim Garrod - CFO

 Alma Strategic Communications              +44 (0)20 3405 0205

Hannah Campbell

 Josh Royston

 Will Merison

 Cavendish Capital Markets Limited (NOMAD)  +44 (0)131 220 9771

Neil McDonald

                                          +44 (0)131 220 9772
 Peter Lynch

 

About Concurrent Technologies Plc

 

Concurrent Technologies Plc develops and manufactures high-end embedded
plug-in cards and systems for use in a wide range of high-performance,
long-life cycle applications within the telecommunications, defence, security,
telemetry, scientific and aerospace markets, including applications within
extremely harsh environments. The processor products feature Intel®
processors, including the latest generation embedded Intel® Core™
processors, Intel® Xeon® and Intel Atom™ processors. The products are
designed to be compliant with industry specifications and support many of
today's leading embedded operating systems. The products are sold world-wide.

 

For more information on Concurrent Technologies Plc and its products please
visit www.concurrent.tech (http://www.concurrent.tech) .

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