REG - Concurrent Tech. - Commencement of Trading on OTCQX in the U.S.

Concurrent TechnologiesAnnouncement

13/02/2025 07:00

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RNS Number : 9132W  Concurrent Technologies PLC  13 February 2025

13 February 2025

Concurrent Technologies Plc

(the "Company" or the "Group")

 

Commencement of Trading on OTCQX in the U.S.

 

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 approved to trade on the OTCQX® Best Market
("OTCQX") in the United States of America ("United States" or "U.S."). Trading
on OTCQX will commence at the market open today under the ticker symbol COTGF.
The Company's ordinary shares will continue to trade on the AIM market of the
London Stock Exchange.

 

Through trading on OTCQX, the Company believes it will be better able to
engage with U.S. investors, data distributors and media partners, ensuring
that they have access to the same level of information and disclosure
available to investors in the United Kingdom, but through U.S.-facing
platforms and portals. In addition, the OTCQX trading facility will provide
the Company's U.S. based employees and other investors with the ability to
trade the Company's ordinary shares in U.S. dollars during U.S. market hours.

 

No new ordinary shares will be issued as part of the commencement of trading
on OTCQX.

 

Miles Adcock, CEO of Concurrent Technologies, commented: "We believe that
having Concurrent's shares trade on both the AIM and OTCQX markets will
enhance visibility of the business and expand our global reach. This decision
follows an already increased level of interest from U.S. investors, driven by
the excellent progress the Company is making across the Systems unit in the
U.S."

 

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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