REG - Concurrent Tech. - New Product Announcement

Concurrent TechnologiesAnnouncement

01/08/2023 11:00

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RNS Number : 9260H  Concurrent Technologies PLC  01 August 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION EU NO. 596/2014, AS RETAINED AND APPLICABLE IN THE UK PURSUANT TO S3 OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
 
01 August 2023

 

Concurrent Technologies Plc

(the 'Company')

 

New Product Announcement

Concurrent Technologies launches a new Switch Plug-In-Card

 

Concurrent Technologies, (AIM: CNC) a world leading specialist in the design
and manufacture of high-end embedded computer solutions for critical
applications, announces the launch of Iris, a Dual Enclave Switch Card.  The
Company will market Iris as a Plug-In-Card (PIC) to other system integrators
and use it as the basis for its own system level products.  Iris acts as the
system keystone to provide secure, high bandwidth switch connections between
each PIC, critical in ensuring they work together in the most effective way
possible.  Typical applications include force protection, situational
awareness, command and control, and mission computing.

 

Iris is designed and manufactured by an undisclosed partner company
specialising in electromagnetic spectrum solutions primarily targeted to the
US Department of Defense.  Concurrent Technologies has signed a multi-year
reseller agreement with extension options that will enable the Company to sell
and support Iris globally through its existing sales channels.  Initial
orders for development quantities of Iris will be fulfilled this year with
deployment volumes starting in 2024.

 

Miles Adcock, CEO of Concurrent Technologies, commented on the launch of Iris:
"Iris fills the last high-value gap in our systems portfolio and leveraging
this functionality from a trusted partner enables us to deliver leading-edge
products to market at an increasingly swift cadence. Over the last year, I
have personally met our partner a number of times as we have built our mutual
respect based on aligned values and the desire to support each other's
business."

 

Enquiries:

 

 Concurrent Technologies Plc
 Miles Adcock - CEO

                              +44 (0)1206 752626
 Kim Garrod - CFO

 SEC Newgate (Financial PR)     concurrent@secnewgate.co.uk
 Bob Huxford

                              07469 154806
 Alice Cho

 Matthew Elliott

 Cenkos Securities Plc (NOMAD)  +44 (0)131 220 9771
 Neil McDonald

                              +44 (0)131 220 9772
 Peter Lynch

 

 

 

Note to Editors:

 

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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