LONDON (Alliance News) - Concurrent Technologies PLC said Friday that a new licence for the export of products containing encryption technology will "considerably simplify" the exporting of its products in its key markets outside of the European Union and US.
The company provides computer products for the defence, aerospace, telecommunications, transportation, scientific and industrial markets, some of which contain encryption technology.
The UK government's Department for Business, Innovation and Skills on Friday published an open general export licence which de-controls the exporting of products like those that Concurrent Technologies products, Concurrent said.
Shares in Concurrent Technologies were trading down 3.4% at 42.03 pence Friday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Concurrent Technologies (CNC)