Concurrent Technologies Regulatory News (CNC)

10 Jul 2008 13:09

Concurrent Technologies Plc Trading Update

Concurrent Technologies Plc, (the "Company") a leading manufacturer of high-end embedded computer products for critical applications in the defence, transportation, communications and industrial markets, announces a trading update for the six months ended 30 June 2008.

The Directors are pleased to announce that trading in the first six months was encouraging. Good progress has been made across the Company with new customers being attracted and good margins being sustained. The Company continues to remain well funded with healthy cash reserves and no borrowing

The first half of the year has seen the Company strengthen its presence in the market place with a number of new product launches. Coupled with this, the Company has increased its investment in design and development of products both in the UK and overseas with the recent establishment of a development centre in Bangalore, India. The announcement of international senior management appointments underlines our strategy to further develop our global reach.

10 July 2008Contacts:Concurrent Technologies Plc 01206 752 626 Glen Fawcett, Managing Director Haggie Financial LLP 020 7417 8989 Nicholas Nelson/Kathy Boate Nominated Adviser Brewin Dolphin 0845 213 1120 Alan Stewart 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¢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.