Concurrent Technologies Regulatory News (CNC)

29 Apr 2005 16:33

Concurrent Technologies PLC29 April 2005 Concurrent Technologies Plc AGM Statement At today's Annual General Meeting, Michael Collins, Chairman of ConcurrentTechnologies which manufactures high end embedded computer products for criticalapplications in the defence, transportation, communications and industrialmarkets, made the following comments: "This year has started well for Concurrent Technologies especially in thedefence and telecommunications markets where we have not only had a good orderintake but we have further increased our customer base. Our first quarterrevenues for this year were encouraging and we expect to continue to build onthis good start." "We are continually investing in design and development. Since I last reportedto shareholders in early March we have released another high performanceproduct, which is primarily targeted at the telecommunications market, but willalso be attractive in some defence applications. Thanks to this continuinginvestment many other products are being designed at present and will bereleased in the coming months. This should ensure that the company is wellplaced to benefit from new opportunities with existing and new customers." "In response to increased sales demand, the need for improved efficiencies andtechnological changes, the company has now completed the expansion of itsin-house manufacturing capability. I am pleased to report that the newmanufacturing line is fully operational. This new line, which complements ourexisting line, will enable us to increase our automated assembly ratesignificantly." 29 April 2005 Enquiries: College Hill 020 7457 2020Corinna Dorward This information is provided by RNS The company news service from the London Stock Exchange