Last checked at 20 May 2011 13:33
Concurrent Technologies Plc
AGM Statement
At today's Annual General Meeting of Concurrent Technologies Plc (the "Company"), a leading developer and manufacturer 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:
"We are pleased to report a continued strong performance since our year end results with the defence sector capable of providing us with many opportunities. As set out in previous statements, the resolution of modern conflicts is becoming ever more reliant on powerful computing technology, and the Company's products, capabilities and track record are well suited to providing this technology. We have, over many years, developed good relationships in this sector and have been evolving our products for use in this area. A particular threat is that of improvised explosive devices (IED) and the need to equip more military vehicles with counter IED technology. We anticipate announcing further news in the year ahead.
Other customer groups continue to respond well to the strengthening economic conditions and our development programme, capitalising in part from our Intel® alliance, is progressing.
We are pleased with our progress and look forward to keeping shareholders appraised as developments arise."
20 May 2011
Enquiries:
Concurrent Technologies Plc +44 (0)1206 752 626Glen Fawcett, Managing Director
Hansard Communications (Financial PR) +44 (0)207 245 1100Nicholas Nelson/Guy McDougall
Cenkos Securities plc (NOMAD)
Ken Fleming +44 (0)131 220 6939
Beth McKiernan +44 (0)131 220 9778
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® processors, including the latest Intel® Core™ i7 processors, Intel® Xeon®, Atom™ and Core™ 2 dual-core processors, the Company offers a wide range of computer products which are designed to be compliant with the most stringent industry specifications including those for products used in extremely harsh environments.
For more information on Concurrent Technologies Plc and its products please visit http://www.cct.co.uk