REG - Concurrent Tech. - Post-Close Trading Update

Concurrent TechnologiesAnnouncement

05/01/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220105:nRSE4303Xa&default-theme=true

RNS Number : 4303X  Concurrent Technologies PLC  05 January 2022

 

5 January 2022

 

Concurrent Technologies Plc

(the 'Company')

 

Post-Close Trading Update

 

Concurrent Technologies Plc (AIM: CNC), a world leading specialist in high-end
embedded computer products for critical applications, announces a trading
update for the year ending 31 December 2021.

 

Based on its unaudited management accounts for 2021, the Company expects to
report revenues and profitability slightly ahead of market expectations
despite the ongoing challenges that the worldwide component supply chain is
experiencing. Whilst the component issues are ongoing, the Company enters 2022
with a robust order book and an exciting pipeline of innovative product
releases to grow our customer base and revenues in 2022 and beyond.

 

The Company also expects to pay a final dividend to shareholders and to pay
this after the final results for 2021 are announced.

 

 

Dr Miles Adcock commented:

 

"I am delighted with the 2021 trading performance, in particular how the
experienced management team and dedicated staff enabled Concurrent to minimise
impact of the global supply chain issues, and I am confident in the long term
prospects for the business."

 

Enquiries:

 

 Concurrent Technologies Plc

Miles Adcock - CEO

                              +44 (0)1206 752626
 Jonathan Martin - CFO

                                +44 (0)1206 635585

 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 11(th) generation embedded Intel(®) Core™,
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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTUSSWRUBUARAR