REG - Concurrent Tech. - New Product Announcement

Concurrent TechnologiesAnnouncement

09/04/2024 07:00

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RNS Number : 7397J  Concurrent Technologies PLC  09 April 2024

9 April 2024

 

Concurrent Technologies Plc

(the "Company")

 

New Product Announcement

 

Concurrent Technologies launches new VME board

 

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 the
launch of Rhea, a further addition to its VME range of embedded processor
boards.

 

Coincident with the launch of Intel's® latest Atom processor, the Company has
released the Rhea VME single board computer to harness this very latest
technology for customers looking for a simple, cost-effective upgrade.

 

VME is a standard that has existed for many years and has been widely deployed
in a range of industrial, research, semiconductor process control, transport,
medical and defense applications worldwide. Whilst no longer the cutting edge
of technology, VME continues to be a widely installed architecture,
particularly in the defense market and many organisations have designed their
platforms around this standard. Being able to upgrade their computing
capability while remaining within the VME environment is crucial to time and
cost efficiency. Customers are able to remove their existing boards and plug a
new one into the exact same slot.

 

By continuing to support the VME standard, the Company is responding to the
needs of its customers, and extending the revenue generating lifecycle of a
VME product family in which Concurrent has invested for more than 20 years.

 

Rhea offers a wide range of input and output interfaces which are needed for
its target applications. It also enables customers to benefit from the very
latest security features: presenting a valuable upgrade path for them at a
time when up to date VME computer boards are increasingly difficult to source
from major vendors.

 

For more information see
https://www.gocct.com/product/rhea-vme-processor-board
(https://www.gocct.com/product/rhea-vme-processor-board)

 

Nigel Forrester, Director of Product Strategy commented: "We have a long track
record for delivering excellent VME boards based on Intel® processors. The
2022 VME board market exceeded $270m and part of our board strategy is a
commitment to offer VME processor boards to support existing and new VME
customers, and Rhea is a timely proof point."

* The World Market for VITA Standards based Boards and Systems - 2023 Edition

 

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 and Broker)  +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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