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Concurrent Technologies (CNC) is looking to the defence sector for opportunities, the developer of computer products for critical applications revealed as it reported continued strong performance since the year-end results. The firm added that with the resolution of modern conflicts becoming ever more reliant on powerful computing technology, its products, capabilities and track record are well suited to providing this technology. Shares in Concurrent, whose applications are used in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, advanced 3p to 45.5p.
http://www.investegate.co.uk/Article.aspx?id=201105201333480217H
Michael Collins, Chairman, commented: "Trading conditions in the defence sector remain strong and we continue driving some of our products into military equipment aimed at countering the threat of improvised explosive devices. We are also pleased to note that the recovery in economic conditions within our other markets continues and with a strong order book, we expect a significant increase in sales in the first half of the current year compared to the same period last year. Our pipeline of new products under development remains robust and we look forward to providing further news on these as and when they are launched."
Outlook * Continual focus on innovative, high technology, higher margin products * Expansion of design engineering capability in the UK and India * Defence sector remains rich in opportunity
Financial Highlights * Strong balance sheet, with no loans and net cash, cash equivalents and other financial instruments of £4.6m (2009: £4.9m) after increased dividend payments and continuing significant R&D investments * Total dividend of 1.5p per share for the year; up 7% on last year (2009: 1.4p) * Profit after tax of £2.0m (2009: £2.5m) on turnover of £12.6m (2009: £ 12.9m) * EPS: 2.84p (2009: 3.55p) Operational Highlights * Further diversification of customer base in strengthening market environment * Defence sector remains strong with other markets showing sustainable recovery * Augmented competitive position and 8 new products launched incorporating the latest Intel® processors * Lockheed Martin STAR supplier award for the Company's exceptional performance
http://www.investegate.co.uk/Article.aspx?id=20110325070000P5643
Concurrent Technologies (CNC) posted narrowed pre-tax profits for the year ended 31st December 2010, hit by the delay of a defence related order and lowered margins, and said it expected a "significant" increase in sales in the first-half of the current year on the comparable period a year earlier. The manufacturer of high-end embedded computer products reported a pre-tax profit of 2.3 million pounds, down from 2.8 million pounds, on revenue 1.7% lower at 12.6 million pounds. In light of a second interim dividend of 0.95p, total dividend was up 7% to 1.5p. Shares in Concurrent moved ahead 1p to 39p.
Two new Fabric Switch products introduced to market .... positive forward looing stmts from md..... more products in pipeline ? .
Thanks !
This company was flagged up in the FT. on Saturday, this may account for the big rise in the SP. today.
at full ask ! Looking good IMO. GLA
The interim dividend has been increased by 10% to 0.55p from 0.5p last year and Three new products will be released during the second half of 2010. In addition design work has already commenced on applying next generation higher performance technology to more new products which will be available in early 2011.
be going up because of change of adviser today surely ? Trading update in July was only luke warm....
RNS Number : 2459O Concurrent Technologies PLC 25 June 2010  Concurrent Technologies Plc Product Launch Intel® Core™ i7 processors available on a CompactPCI® Board Concurrent Technologies Plc (the "Company"), a world leading specialist in the design and manufacture of high-end embedded computer products, is pleased to announce the release of their TP 702/38x family of CompactPCI® boards featuring Intel® Core™ i7 processors. Utilising the latest 32nm process technology from the Intel® embedded long life roadmap, these boards offer at least seven years availability, and provide a continuing upgrade path to the popular TP 402/35x family. They will support a choice of Intel® Core™ i7 processors and are particularly suitable for high performance applications within the telecoms, transportation, defence and homeland security markets. Commercial and extended temperature versions are available now, and a compatible range of ruggedized, conduction-cooled or air-cooled versions will be available shortly. Glen Fawcett, Managing Director, Concurrent Technologies, commented: "These boards answer the continuing demand for improved performance per Watt and will be an ideal upgrade path for existing customers as well as appealing to new projects where very high processing performance is essential. "The release of this family of boards is a further addition to our planned range of Intel® Core™ i7 products and demonstrates our commitment to providing our customers with products that have a guaranteed long life cycle and an upgrade path to the latest processor technology." 25 June 2010 Enquiries: Concurrent Technologies Plc 01206 752 626 Glen Fawcett, Managing Director Haggie Financial LLP 020 7417 8989 Nicholas Nelson/Henny Breakwell Nominated Adviser Brewin Dolphin Limited 0845 213 4726 Neil Baldwin/Neil McDonald All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners. Note to Editors: 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® proc