REG - Concurrent Tech. - $5.25m US Defence Contract Secured

Concurrent TechnologiesAnnouncement

19/09/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250919:nRSS9506Za&default-theme=true

RNS Number : 9506Z  Concurrent Technologies PLC  19 September 2025

This announcement contains inside information as stipulated under the UK
version of the Market Abuse Regulation No 596/2014 which is part of English
Law by virtue of the European (Withdrawal) Act 2018, as amended. On
publication of this announcement via a Regulatory Information Service, this
information is considered to be in the public domain.

 

19 September 2025

 

 

Concurrent Technologies Plc

("Concurrent", the "Company" or the "Group")

 

$5.25m US defence contract secured

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 that it has been awarded a $5.25m contract for the provision of
design services to a US-based major defence prime contractor.

The contract represents the first time that this customer has outsourced the
design of its own computer product to a third party and the first occasion on
which Concurrent will be providing design services, further enhancing the
Group's established reputation with the customer. The contract is effective
immediately and will run through 2025 and 2026 and reflects a broader industry
trend among the major prime contractors to outsource hardware development.

The product leverages Concurrent's proven expertise in designing its own high
performance, open standards, Intel-based computing products, while
incorporating customer-specific content and features, including some of the
customer's own technology.

The customer regards this product as 'transformative' for them, aligning their
way of working with the Department of Defence's drive for open standards and
more agile solutions, whilst also enabling this customer to focus its efforts
on their value adding software and system offering.

Miles Adcock, CEO, said: "This contract represents a fantastic step for
Concurrent into delivering large scale design services, and enables us to
strengthen the growth and capability development of our engineering team. We
have spent extensive time with this customer on collaboration and a major
aspect to this project is dovetailing with their quality and manufacturing
systems to enable them to produce the product in their own factory and
integrate it into their wider enterprise.

"We are well positioned to benefit from the growing trend of outsourced
hardware development, and this contract provides a valuable opportunity to
assess the potential of design services as a future line of business."

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.

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  CNTLPMFTMTMBBRA