Concurrent Technologies Share News (CNC)

(Sharecast News) - Concurrent Technologies unveiled the latest addition to its VME range of embedded processor boards on Tuesday, dubbed 'Rhea'.

The AIM-traded firm said the launch coincided with the introduction of Intel's newest Atom processor, allowing it to leverage that technology for customers seeking a straightforward and cost-effective upgrade.

It said VME, a long-standing standard extensively used across various sectors including industrial, research, transport, medical and defence, remained a prevalent architecture despite not being at the forefront of technological innovation.

Particularly entrenched in the defence market, it said many organisations had built their platforms around the established standard.

The ability to enhance computing capabilities while adhering to the VME framework was said to be crucial for preserving time and cost efficiency.

With Rhea, Concurrent said customers would be able to seamlessly swap out existing boards and insert the new one into the same slot, facilitating smooth transitions and upgrades.

It added that Rhea had a diverse array of input and output interfaces tailored to its target applications, while also offering up-to-date security features.

"We have a long track record for delivering excellent VME boards based on Intel processors," said Concurrent's director of product strategy, Nigel Forrester.

"The 2022 VME board market exceeded $270m and part of our board strategy is a commitment to offer VME processor boards to support existing and new VME customers, and Rhea is a timely proof point."

At 1150 BST, shares in Concurrent Technologies were up 0.76% at 86.65p.

Reporting by Josh White for Sharecast.com.