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.
8 August 2024
Concurrent Technologies Plc
(the
"Company" or the "Group")
Concurrent Technologies
secures contract expansion with major US Defence and Aerospace
contractor
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 expansion to its single largest ever
contract.
Further to the announcement on 20
June 2024, Concurrent Technologies has secured an additional uplift
of $1.52M to its $4.46M contract with a major US Defence and
Aerospace prime contractor, to supply computer plug-in-cards. The
total contract value is now $5.98M. The increased order reflects
the customer's trust in the reliability of the Group's products and
strength of the relationship.
The Company's latest product, TR
MDx/6sd-RCR, announced on 29 July 2024, has been fundamental in
securing this order uplift.
Miles Adcock, CEO of Concurrent Technologies,
commented: "Securing this contract
uplift in a short space of time since the initial contract is a
testament to the quality and performance of our products. It
highlights our ability to meet and exceed customer expectations,
reinforcing the strength of our product portfolio and our position
as a trusted supplier in high-performance markets. The confidence
shown by our customer, a major prime in the US Defence and
Aerospace sector, underscores the value and reliability we bring to
their critical programmes."
Enquiries:
|
Concurrent Technologies Plc
Miles Adcock - CEO
Kim Garrod - CFO
|
+44 (0)1206 752626
|
|
Alma
Strategic Communications
Josh Royston
Hannah Campbell
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.gocct.com.