This announcement contains inside
information as stipulated under the UK version of the Market Abuse
Regulation No 596/2014 which is part of English Law by virtue of
the European (Withdrawal) Act 2018, as amended. On publication of
this announcement via a Regulatory Information Service, this
information is considered to be in the public domain.
16 December 2024
Concurrent Technologies
Plc
(the
"Company" or the "Group")
$3.33m order for standard VME
product
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, is
pleased to announce a $3.33 million purchase order for one of its
standard product computer boards from a US defence prime
contractor, for delivery in the first half of
2025.
This order, which is from an
existing customer, is for a product that conforms to the VME
standard. This is an older standard, used widely in defence which
Concurrent has committed to supporting long-term.
This family of VME cards are
deployed across all types of ships in the US Navy, and foreign
military ships, in applications such as RADAR systems. In this
instance, the customer is securing stock from Concurrent for use in
new platforms, and also for retrofitting to older ones.
The advantage of Concurrent's VME
family is that they are backward compatible, allowing customers to
access the latest computer technology from companies such as Intel
within their pre-existing VME compliant systems.
Miles Adcock, CEO of Concurrent Technologies Plc,
commented: "This is an important order
for Concurrent, not only because of its financial size, but also
because it demonstrates the long-term commitments that the Company
is creating in the US. Our customers value the approach we take
technically with long term road maps and
support."
Enquiries:
|
Concurrent Technologies Plc
Miles Adcock - CEO
Kim Garrod - CFO
|
+44 (0)1206 752626
|
|
Alma Strategic Communications
Hannah Campbell
Josh Royston
Will Merison
|
+44 (0)20 3405 0205
|
|
Cavendish Capital Markets Limited
(NOMAD)
Neil McDonald
Peter Lynch
|
+44 (0)131 220 9771
+44 (0)131 220 9772
|
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.concurrent.tech.