REG - Concurrent Tech. - Partnership Agreement

Concurrent TechnologiesAnnouncement

14/12/2022 07:00

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RNS Number : 6103J  Concurrent Technologies PLC  14 December 2022

14 December 2022

 

Concurrent Technologies Plc

(the 'Company')

 

Partnership Agreement

Concurrent Technologies enhances its Systems capability with new partnership
agreement

 

Concurrent Technologies, (AIM: CNC) a world leading specialist in the design
and manufacture of high-end embedded computer boards for critical
applications, has entered into a partnership agreement with EIZO Rugged
Solutions to resell its range of display and accelerator cards.  Selling
these cards individually and as part of a range of system solutions provides a
new revenue stream for Concurrent Technologies and increases its serviceable
market. Concurrent Technologies' Systems strategy is targeted at a section of
the Defence Systems market estimated in 2020 to be worth $105m growing at
17.9% per annum.

EIZO Rugged Solutions' display and accelerator cards directly link to a
processor card via a high-speed interconnect and are widely utilised to
accelerate processing tasks in Intelligence, Surveillance & Reconnaissance
(ISR); Signal Processing; and Artificial Intelligence applications.

This is Concurrent Technologies' first third-party reseller agreement and is
therefore a landmark development for the Company. The Company is seeking to
secure more agreements of this nature as combining third-party products with
its own cards will enable the Company to offer an increasing variety and
complexity of systems for an ever-wider number of applications.

Selwyn Henriques, President and CEO of EIZO Rugged Solutions, commented: "Our
graphics and video product offerings are complementary with Concurrent
Technologies' processor Plug-In Cards. Through this partnership, their
customers will receive complete, tested solutions to accelerate system designs
and win programs."

 

Miles Adcock, CEO of Concurrent Technologies, commented: "This partnership
further cements our strong relationship with the EIZO Rugged Solutions team,
having successfully worked together on many high-profile programmes in the USA
and worldwide. It is another key part of our recently launched systems
offering, providing greater opportunities in what is an extensive and
fast-growing market."

 

 

 

Enquiries:

 

 Concurrent Technologies Plc
 Miles Adcock - CEO

                                +44 (0)1206 752626

 Newgate (Financial PR)
 Bob Huxford

                              +44 (0)20 7653 9848
 Isabelle Smurfit
+44 (0)20 3757 3411

 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
computer products 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.

 

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

 

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