REG - Concurrent Tech. - Major VME Product Order from Long-Term Customer

Concurrent TechnologiesAnnouncement

27/01/2025 07:00

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RNS Number : 6784U  Concurrent Technologies PLC  27 January 2025

27 January 2025

 

Concurrent Technologies Plc

(the "Company" or the "Group")

 

Major VME Product Order from Long-Term European Customer Secured

 

Validating Concurrent's strategy of long-term support for the VME product line

 

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, has received a
significant order for the Company's VME-based 6U computer boards, from a
long-standing European customer, for a total value of £3.4m. The order is
scheduled to be delivered throughout 2025, 2026 and 2027.

 

Concurrent's VME-based 6U computer boards are designed for long-life-cycle
applications in the defence, industrial, and scientific sectors. They support
remote sensing applications by upgrading existing capabilities or extending
the lifecycle when other vendors have exited the market by making their
products end of life.

 

This significant commitment from the Group's long-standing European customer
underscores Concurrent's strategy of support for the VME standard, ensuring
continuity for customers reliant on reliable, backward-compatible solutions.

 

The order was secured in collaboration with one of Concurrent's valued
European distribution partners, further demonstrating the strength of the
Company's global sales channels and the success of its distributor engagement
initiatives, including the UK-based event held last year.

 

Brent Salgat, Chief Revenue Officer, commented: "This order demonstrates the
strength of our core business offering and validates our strategic decision to
maintain and enhance the VME product line for long-term customer needs. By
combining reliable legacy support with cutting-edge processor technology, we
offer a compelling value proposition that fosters customer loyalty and
reinforces our position as a trusted partner in mission-critical markets."

 

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 (PICs) 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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