REG - Concurrent Tech. - Key VME Contract Win

Concurrent TechnologiesAnnouncement

21/12/2023 07:15

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RNS Number : 5268X  Concurrent Technologies PLC  21 December 2023

21 December 2023

 

Concurrent Technologies Plc

(the "Company")

 

Concurrent Technologies Secures Key VME Contract Win

Concurrent Technologies to supply VME Boards to major Defence Prime
Contractor, strengthening the Company's position in a substantial market

 

Concurrent Technologies, (AIM: CNC) specialists in the design, development,
and manufacture of high-end embedded computers and embedded system solutions
for critical applications, has secured a £2.2m contract to supply a major
multi-national European Defence Prime Contractor with VME Processor Boards for
deployment in air-defence systems.

 

The contract, to be fulfilled over the next five years in line with the
manufacture of air-defence systems, represents Concurrent Technologies'
ongoing commitment to delivering reliable, deployment-ready and
industry-leading embedded solutions to the market. Concurrent Technologies'
VME Boards are designed and tested to operate in and withstand a number of
harsh environmental factors and were selected by this major customer, meeting
all necessary technical and security requirements with excellent support
options.

 

The multi-year contract with a flagship client highlights the potential of the
Company's current generation VME boards in a substantial market.

 

Miles Adcock, CEO of Concurrent Technologies, commented: "We are delighted to
have competitively won this contract for a product that is core to our
business. VME technology has been around for a while, and our commitment to
continue to invest in providing leading edge products that utilise VME really
matters to many customers. As a business our VME product range is a solid
complement to our novel VPX products that take advantage of the newer open
standard architectures that are primarily driven by USA based customers. This
contract demonstrates the value of our offering and strength of our portfolio
across multiple geographies."

 

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

 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) .

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

 

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