Concurrent Technologies Regulatory News (CNC)

26 Jun 2008 16:03

Concurrent Technologies Plc International Senior Management Appointments

Concurrent Technologies Plc (the "Company"), a world leading specialist in the design and manufacture of high-end embedded computer products, is pleased to announce two senior management appointments for its subsidiaries in both the USA and India.

Mr. Brent Salgat is promoted to President of Concurrent Technologies Inc., the Company's US subsidiary and Mr. Manivannan Ramasamy has been appointed Managing Director of Concurrent Tech India Private Limited, the Company's Indian subsidiary.

Brent, a US citizen, joined Concurrent Technologies Inc in 2006 as Vice President of Sales and Marketing for North America. In this time he has led the expansion of the customer base in the region, demonstrating excellent results through his extensive knowledge of the market and network of contacts. Brent has an Electronics Degree from Michigan Technological University and has 20 years' experience in the embedded computer industry.

Manivannan, an Indian citizen, joined the group in late 2007 as a General Manager tasked with establishing an engineering design centre in Bangalore, India. He is a graduate of Anna University, India, with a Masters Degree in Applied Electronics. He has sixteen years' experience in the design of embedded products, predominantly in the telecommunications industry, working both in India and the US.

Glen Fawcett, Managing Director, Concurrent Technologies Plc, commented:

"I am delighted at these appointments; both Brent and Manivannan have demonstrated commitment, leadership and business skills which will continue to help strengthen the group and help drive further growth."

"The USA is a very important market for us, especially with our drive towards environmentally superior products targeted at the defence market. Brent's wealth of knowledge, energy and experience is strategically important to our expansion plans in North America."

"Manivannan's appointment coincides with the opening of our new design and development centre in Bangalore. We are very enthusiastic about India given the talent available to help expand our product lines more quickly, enabling an acceleration of our plans to break into new market areas. Manivannan is leading a growing team of skilled and dedicated engineers which complements the expanding product development programme being undertaken by our existing facility in the UK."

"The two appointments are a significant step forward for the Group."

26 June 2008 Contacts:Concurrent Technologies Plc 01206 752 626 Glen Fawcett, Managing Director Haggie Financial LLP 020 7417 8989 Nicholas Nelson/Kathy Boate Nominated Adviser Brewin Dolphin Investment Banking 0845 213 4212 Elizabeth Kennedy

All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners.

Note to Editors:

The Company develops and manufactures high-end embedded computer products for use in a wide range of high performance applications within the defence, security, telecommunications telemetry, scientific and aerospace markets. Using Intel‚® processors, including the latest Intel‚® Core¢â€ž¢ 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 the Company and its products please visit http://www.cct.co.uk