REG - Concurrent Tech. - Reseller Agreement

Concurrent TechnologiesAnnouncement

21/03/2023 07:00

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RNS Number : 5939T  Concurrent Technologies PLC  21 March 2023

21 March 2023

 

Concurrent Technologies Plc

(the 'Company')

 

Reseller Agreement

Concurrent Technologies further enhances its Systems capability

 

Concurrent Technologies, (AIM: CNC) a world leading specialist in the design
and manufacture of high-end embedded computer solutions for critical
applications, has entered into a reseller agreement with Alpha Data Parallel
Systems Ltd ("Alpha Data") to include its range of reconfigurable processors
within the Company's system products.

 

This agreement marks an important milestone in achieving Concurrent
Technologies' stated ambition to become synonymous with market-leading
system-based solutions.

Concurrent Technologies will resell Alpha Data's Field Programmable Gate Array
("FPGA") based cards, which can be programmed to accelerate a wide variety of
functions.  FPGA acceleration is a cornerstone element in Concurrent
Technologies' systems offering, alongside the Company's own Intel® processor
based Plug-in-Cards and third-party graphical processing and display cards.

 

These three configurable elements enable the widest number of applications to
be addressed.  The Company will now be able to construct complex highly
rugged small form systems. Targeted mainly towards the defence industry, these
systems will be suitable for applications as varied as Software Defined Radio,
RADAR, video processing, intelligence, surveillance and reconnaissance.

 

As a result, Concurrent Technologies will be able to service significantly
more opportunities, addressing the bulk of a systems market that was estimated
in 2020 to be worth $105m and growing at 17.9% per annum.  In addition, FPGAs
typically require an Intel host processor Plug-in-Card so this reseller
agreement is expected to further drive demand for the Company's core products.

David Miller, MD of Alpha Data, commented: "Alpha Data and Concurrent
Technologies have built strong reputations for reliable high-performance
products.  Our products are entirely complementary, and I am delighted to be
working with Concurrent Technologies to provide customers with pre-integrated
systems that are easier to use and enable a reduced time to market."

Miles Adcock, CEO of Concurrent Technologies, commented: "Delivering fully
integrated systems to the market is one of our key growth objectives and we
are thrilled to be partnering with Alpha Data to further solidify this
ambition. Securing this agreement with Alpha Data further demonstrates our
commitment to this fast-paced and multifaceted market sector. We are proud of
the progress we have made so far in expanding our portfolio of
system-orientated solutions and are excited to continue building on this
momentum with additional agreements in the near future."

 

 

 

Enquiries:

 

 Concurrent Technologies Plc
 Miles Adcock - CEO

                                +44 (0)1206 752626

 SEC Newgate (Financial PR)
 Bob Huxford

                              concurrent@secnewgate.co.uk (mailto:concurrent@secnewgate.co.uk)

 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) .

 

About Alpha Data

 

Founded in 1993 Alpha Data is headquartered in Edinburgh and serves customers
worldwide from offices in both the US and the UK.  Alpha Data was established
to provide state-of-the-art solutions for computer intensive applications, and
the company's team of highly skilled engineers provide international customers
with high-reliability, leading-edge products based on the latest devices from
AMD Xilinx. Alpha Data's partnership with AMD Xilinx gives customers access to
the latest advances in silicon engineering with Alpha Data providing the
hardware, software and expertise to ensure rapid time to market.

 

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

 

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