AGM Statement

Concurrent Technologies PLC 23 April 2004 CONCURRENT TECHNOLOGIES PLC AGM Statement At today's Annual General Meeting, Michael Collins, Chairman of Concurrent Technologies which manufactures high end embedded computer products for critical applications in the defence, transportation, communications and industrial markets, made the following comments: 'This year has started well for Concurrent Technologies, with an upward trend in sales activity in the areas of defence and communications markets and demand for our embedded computer products in these and our other markets continues to grow. This buoyancy in our areas of activity is enabling us to identify additional opportunities to grow our customer base. 'Our investment in design and development, which in 2003 increased to over £1 million for the first time, supports our strategy to expand our existing product ranges. In my results statement I reiterated our aim to expand more into the area of wide temperature computer products for hostile environments which we had introduced in the first half of 2003. Last week we announced an agreement with Thales Computers, a recognised world leader in military and aerospace computer technology, for the co-development of a new family of embedded computers. These products will be available in commercial, extended temperature and rugged versions. 'The agreement with Thales is complementary between the two companies and will be beneficial to the customers of both Thales and Concurrent Technologies. 'At the time of our results, I emphasised the growing importance of our American markets. To support our US operations we plan to recruit additional sales staff in the USA to grow and service our increasing customer base. 'We look forward to another productive period for the company.' 23 April 2004 Enquiries: Concurrent Technologies Plc Glen Fawcett, Managing Director 01206 752 626 College Hill Nicholas Nelson 020 7457 2020 Notes to Editors: Concurrent Technologies designs, builds and supplies high end embedded computer products to the defence, transportation, communication and industrial markets. These computer products are integrated into a variety of applications which require very high levels of processing power and superior levels of reliability; applications include communications, networking, medical imaging, industrial automation, scientific research and military systems. The main product range includes single and dual processor computer boards using Intel(R) and Motorola(R) Central Processing Units (CPUs) for the CompactPCI(R), VME and Multibus II architectures. In addition to hardware design capability, our engineering teams undertake a significant amount of software and firmware development to provide interoperability between products, generate test software both on-board and for production test purposes, and also provide support for leading embedded and real-time operating systems. This information is provided by RNS The company news service from the London Stock Exchange
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