REG - Concurrent Tech. - Update on Expanded HQ and Manufacturing Facility

Concurrent TechnologiesAnnouncement

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RNS Number : 5590M  Concurrent Technologies PLC  23 December 2025

23 December 2025

 

 

Concurrent Technologies Plc

("Concurrent", the "Company" or the "Group")

 

Update on Expanded Headquarters and Manufacturing Facility

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 an
updated plan for its Colchester-based headquarters and UK manufacturing
facilities.

On 31 March 2025, the Company announced its intention to relocate to a new
property to house its headquarters and UK manufacturing. Substantive delays to
planning consent beyond the Company's control have prevented this progressing
and as a result, Concurrent has approved an alternative, lower cost option to
accelerate the timeline for capacity expansion.

The Company has agreed terms to a 10-year lease for approximately 14,800
square feet of office space in a newly refurbished building immediately
adjacent to its existing facility in Colchester. Office-based staff will
relocate to the new building, releasing space within the existing 19,000
square feet at the current site, allowing the current site to be reconfigured
for additional manufacturing capacity, and efficiency of production layout.
Additionally, terms have also been agreed for a new 10 year lease at our
current site, securing the expanded production capability beyond the mid
2030's.

Concurrent will also continue with its previously stated investment in new
machines to double PCB assembly capacity, further strengthening its ability to
meet customer demand. The Company expects to upgrade the current facility and
complete the move into the new office building in H1 2026.

Miles Adcock, CEO, said: "We are confident that this new plan, which emerged
as a more attractive option as we became aware of delays to the original
project, puts us in a stronger position to meet growing demand. By relocating
office-based teams into high-quality space next door, we can quickly expand
our factory footprint and invest in the additional capacity needed to support
our growth."

Enquiries:

 Concurrent Technologies Plc

Miles Adcock - CEO

                                          +44 (0)1206 752626
 Kim Garrod - CFO

 Alma Strategic Communications              +44 (0)20 3405 0205

Hannah Campbell

 Josh Royston

 Will Merison

 Cavendish Capital Markets Limited (NOMAD)  +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.

 

 

 

 

 

 

 

 

 

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