REG - Concurrent Tech. - Product Announcement

Concurrent TechnologiesAnnouncement

26/01/2022 07:05

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RNS Number : 6088Z  Concurrent Technologies PLC  26 January 2022

26 January 2022

Concurrent Technologies Plc

(the 'Company')

 

Product Announcement

Position, Navigation and Timing Plug in Card

 

Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the
design and manufacture of high-end embedded computer boards for critical
applications, is pleased to announce a new Plug in Card ("PIC").

 

The PR A11/61d-RCR provides resilient Position, Navigation and Timing ("PNT")
data for sensor-based solutions that are used in Electronic Warfare and
Intelligence, Surveillance and Reconnaissance applications. Understanding
where assets are within the battlefield environment is of vital importance and
electronic warfare systems need accurate PNT information to ensure mission
success. This PIC enables accurate PNT data to be provided to communication
and control hubs even if the Global Navigation Satellite Signal system is
jammed or spoofed by external forces.

 

The PIC is aligned to the SOSA™ Technical Standard, but importantly, as it
is designed and manufactured in the UK, it is not subject to US ITAR
restrictions.

 

The primary market for this PIC is the defence sector and Concurrent
Technologies Plc has been working with several lead UK and EU customers in the
design of this solution. Focusing on ground-based vehicles and the development
of this product reflects the Company's strategy to deliver material revenue
growth in 2023 and beyond.

 

Dr Miles Adcock, CEO of Concurrent Technologies, commented:

"The development of this new PNT plug in card shows that Concurrent
Technologies is now investing in products that provide additional
differentiated capability alongside our state of the art single board
computers. This product will have universal appeal but was driven by the needs
of several lead customers who are looking to Concurrent Technologies to
bolster the scope of UK sovereign capability for assured PNT."

 

Enquiries:

 Concurrent Technologies Plc

Miles Adcock - CEO

                              +44 (0)1206 752626
 Jonathan Martin - CFO

                                +44 (0)1206 635585

 SEC Newgate (Financial PR)

Bob Huxford

                              +44 (0)20 7653 9848
 Isabelle Smurfit

                                +44 (0)20 3757 3411

 Cenkos Securities Plc (NOMAD)

Neil McDonald

                              +44 (0)131 220 9771
 Peter Lynch

                                +44 (0)131 220 9772

 

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.

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