AGM Statement

RNS Number : 3329E

Concurrent Technologies PLC

29 May 2012

 



29 May 2012

Concurrent Technologies Plc

AGM Statement

At today's Annual General Meeting of Concurrent Technologies Plc (the "Company"), a world leading specialist in the design and manufacture of high-end embedded computer products for critical applications in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, Michael Collins, Chairman, will make the following statement:

"I am pleased to report that the Company's performance for the start of 2012 has been in line with the Board's expectations. Revenues from our core customers are resilient and those from product applications in the transport sector have been increasing.

Our solid financial position means we have been able to increase our investment into new product development, maintaining our position in the embedded computing market and underpinning future growth. Since the beginning of this year we have continued to supplement our design engineering capabilities in the UK and India. We have released 7 new products, 3 of which feature the latest 3rd generation Intel^® Core™ processors and another of which is an innovative middleware product.

The Board is confident that the Company will deliver on its potential despite the increasing global economic uncertainty and challenging market conditions. We remain cautiously optimistic in our outlook for the remainder of 2012."

Enquiries:

Concurrent Technologies Plc Glen Fawcett, Managing Director	[phone]
Newgate Threadneedle (Financial PR) Caroline Evans-Jones, Guy McDougall	[phone]
Cenkos Securities plc (NOMAD) Ken Fleming Beth McKiernan	[phone] [phone]

Note to Editors:

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded computer products for use in a wide range of high performance applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets. Using Intel^® processors, including the latest 3rd generation Intel^® Core™ i7, 2nd generation Intel^® Core™ i7, Intel^® Core™ i7 processors, Intel^® Xeon^® and Atom™ processors, the Company offers a wide range of computer products which are designed to be compliant with industry specifications including those for products used in extremely harsh environments.

For more information on Concurrent Technologies Plc and its products please visit http://www.cct.co.uk

All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners.

 

END

 

 

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