13 February 2025
Concurrent Technologies
Plc
(the
"Company" or the "Group")
Commencement of Trading on
OTCQX in the U.S.
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 that it has been approved to trade on the
OTCQX® Best Market ("OTCQX") in the United States of America
("United States" or "U.S."). Trading on OTCQX will commence at the
market open today under the ticker symbol COTGF. The Company's
ordinary shares will continue to trade on the AIM market of the
London Stock Exchange.
Through trading on OTCQX, the
Company believes it will be better able to engage with U.S.
investors, data distributors and media partners, ensuring that they
have access to the same level of information and disclosure
available to investors in the United Kingdom, but through
U.S.-facing platforms and portals. In addition, the OTCQX trading
facility will provide the Company's U.S. based employees and other
investors with the ability to trade the Company's ordinary shares
in U.S. dollars during U.S. market hours.
No new ordinary shares will be
issued as part of the commencement of trading on OTCQX.
Miles Adcock, CEO of Concurrent Technologies,
commented: "We believe that having
Concurrent's shares trade on both the AIM and OTCQX markets will
enhance visibility of the business and expand our global reach.
This decision follows an already increased level of interest from
U.S. investors, driven by the excellent progress the Company is
making across the Systems unit in the U.S."
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.