REG - Concurrent Tech. - Contract Expansion with Major US Contractor

Concurrent TechnologiesAnnouncement

08/08/2024 07:00

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RNS Number : 6101Z  Concurrent Technologies PLC  08 August 2024

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8 August 2024

Concurrent Technologies Plc

(the "Company" or the "Group")

 

Concurrent Technologies secures contract expansion with major US Defence and
Aerospace contractor

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, announces an
expansion to its single largest ever contract.

Further to the announcement on 20 June 2024, Concurrent Technologies has
secured an additional uplift of $1.52M to its $4.46M contract with a major US
Defence and Aerospace prime contractor, to supply computer plug-in-cards. The
total contract value is now $5.98M. The increased order reflects the
customer's trust in the reliability of the Group's products and strength of
the relationship.

The Company's latest product, TR MDx/6sd-RCR, announced on 29 July 2024, has
been fundamental in securing this order uplift.

Miles Adcock, CEO of Concurrent Technologies, commented: "Securing this
contract uplift in a short space of time since the initial contract is a
testament to the quality and performance of our products. It highlights our
ability to meet and exceed customer expectations, reinforcing the strength of
our product portfolio and our position as a trusted supplier in
high-performance markets. The confidence shown by our customer, a major prime
in the US Defence and Aerospace sector, underscores the value and reliability
we bring to their critical programmes."

 

Enquiries:

 Concurrent Technologies Plc

Miles Adcock - CEO

                                          +44 (0)1206 752626
 Kim Garrod - CFO
 Alma Strategic Communications              +44 (0)20 3405 0205

Josh Royston

 Hannah Campbell

 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.gocct.com (http://www.gocct.com/) .

 

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