Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - Secures a GBP2.2 million contract to supply an unnamed "major multi-national European defence prime contractor" with VME Processor Boards for deployment in air-defence systems. Says the contract will be fulfilled over the next five years. "The multi-year contract with a flagship client highlights the potential of the company's current generation VME boards in a substantial market," it adds.
Chief Executive Miles Adcock says: "VME technology has been around for a while, and our commitment to continue to invest in providing leading edge products that utilise VME really matters to many customers. As a business our VME product range is a solid complement to our novel VPX products that take advantage of the newer open standard architectures that are primarily driven by USA based customers. This contract demonstrates the value of our offering and strength of our portfolio across multiple geographies."
Current stock price: 77.24 pence
12-month change: up 1.6%
By Sophie Rose, Alliance News senior reporter
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Concurrent Technologies (CNC)