REG - Concurrent Tech. - Contract Award

Concurrent TechnologiesAnnouncement

09/03/2022 10:45

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RNS Number : 1900E  Concurrent Technologies PLC  09 March 2022

Concurrent Technologies Plc

(the 'Company')

 

Contract Award

 

Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the
design and manufacture of high-end embedded computer boards for critical
applications, is pleased to announce that it has been awarded a £1.6 million
contract by a major European defence prime contractor to supply its
recently-launched I/O Intensive 3U VPX Plug in Card. The contract is to be
delivered over multiple years and the customer is expected to use the product
as the controller in an electronic vision system for its next generation
land-based vehicles.

 

Dr Miles Adcock, CEO of Concurrent Technologies, commented:

 

"This is a significant award for Concurrent, both due to the contract value
and because the product development was completed concurrently with Intel's
recent processor launch, enabling customers to reliably select our product
ahead of many potential competitors. We expect this product to be attractive
to many customers for several years to come."

 

Enquiries:

 Concurrent Technologies Plc
 Miles Adcock - CEO

                                +44 (0)1206 752626

 SEC Newgate (Financial PR)
 Bob Huxford

                              +44 (0)20 7653 9848
 Isabelle Smurfit

                                +44 (0)20 3757 3411

 Cenkos Securities Plc (NOMAD)
 Neil McDonald

                              +44 (0)131 220 9771
 Peter Lynch

                                +44 (0)131 220 9772

 

Note to Editors:

 

About Concurrent Technologies Plc

 

Concurrent Technologies Plc develops and manufactures high-end embedded
computer products 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 11(th) generation embedded Intel(®) Core™,
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.gocct.com.

 

All trademarks, registered trademarks and trade names used in this
announcement are the property of their respective owners.

 

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