REG - Concurrent Tech. - Record UK defence contract secured for £4m

Concurrent TechnologiesAnnouncement

04/09/2025 07:00

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RNS Number : 9133X  Concurrent Technologies PLC  04 September 2025

4 September 2025

 

 

Concurrent Technologies Plc

(the "Company" or the "Group")

 

Record UK defence contract secured for £4m

 

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, has secured a
significant equipment programme contract with a prominent UK defence prime
contractor, for an initial £4m, with potential for expansion.

This is the largest UK based defence supply contract secured by the Company to
date, in which Concurrent will supply rugged single board computers that
comply to the VME standard, custom-engineered from a standard product to meet
the customer's unique requirements. The first phase is for delivery through to
2028, with additional orders expected to continue throughout the 2030s.

As a mutually strategic relationship, the programme incorporates a joint
roadmap for obsolescence management and ongoing technology upgrades to ensure
long-term capability and sustainability. For ultimate delivery to Europe,
these computers will play a vital role in supporting effective border
protection.

Miles Adcock, CEO of Concurrent Technologies Plc, commented: "We are focused
on growing our home market position in the UK from a historically minimal
base. It takes several years to gain the trust and track record necessary to
form such a crucial role within a customer programme like this one.

"This is a VME architecture product that we have modified specifically for
this customer to incorporate additional features, and securing this
significant contract underscores our strategy of long-term commitment to the
VME standard.  I'm proud of our progress and we look forward to working with
this customer for many years to come."

 

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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