AGM Statement

RNS Number : 1344I

Concurrent Technologies PLC

27 May 2014

 



27 May 2014

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 in 2014 has been in line with the Board's expectations. Our investment in developing single board computers with AMC architecture is producing good revenues, particularly from product applications in telecommunications. These revenues have helped to offset the UK Government export licencing issues that the Company expects to be relaxed during June 2014.

Our Engineering skill set has been expanding since we began recruiting for our new R&D facility in Massachusetts, USA, and our financial position remains strong after paying an increased second interim dividend. The Board remains positive about the outlook for the rest of the year."

Enquiries:

Concurrent Technologies Plc Glen Fawcett, Managing Director	[phone]
Newgate Threadneedle (Financial PR) Caroline Forde Robyn McConnachie	[phone]
Cenkos Securities plc (NOMAD) Neil McDonald 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 4th generation Intel^® Core™ i7, 3rd generation Intel^® Core™ i7, 2nd generation Intel^® Core™ i7, Intel^® Core™ i7 processors and Intel^® 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 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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