CONCURRENT TECHNOLOGIES PLC — Regulatory Filings 2024

Apr 9, 2024

National Storage Mechanism | Additional information

RNS Number : 7397J

Concurrent Technologies PLC

09 April 2024

9 April 2024

Concurrent Technologies Plc

(the "Company")

New Product Announcement

Concurrent Technologies launches new VME board

Concurrent Technologies Plc (AIM: CNC), a  designer and manufacturer of leading-edge computer products, systems and mission critical solutions used in high-performance markets by some of the world's major OEMs , announces the launch of Rhea, a further addition to its VME range of embedded processor boards.

Coincident with the launch of Intel's® latest Atom processor, the Company has released the Rhea VME single board computer to harness this very latest technology for customers looking for a simple, cost-effective upgrade. 

VME is a standard that has existed for many years and has been widely deployed in a range of industrial, research, semiconductor process control, transport, medical and defense applications worldwide. Whilst no longer the cutting edge of technology, VME continues to be a widely installed architecture, particularly in the defense market and many organisations have designed their platforms around this standard. Being able to upgrade their computing capability while remaining within the VME environment is crucial to time and cost efficiency. Customers are able to remove their existing boards and plug a new one into the exact same slot.

By continuing to support the VME standard, the Company is responding to the needs of its customers, and extending the revenue generating lifecycle of a VME product family in which Concurrent has invested for more than 20 years.

Rhea offers a wide range of input and output interfaces which are needed for its target applications. It also enables customers to benefit from the very latest security features: presenting a valuable upgrade path for them at a time when up to date VME computer boards are increasingly difficult to source from major vendors. 

For more information see https://www.gocct.com/product/rhea-vme-processor-board  

Nigel Forrester, Director of Product Strategy commented : "We have a long track record for delivering excellent VME boards based on Intel® processors. The 2022 VME board market exceeded $270m and part of our board strategy is a commitment to offer VME processor boards to support existing and new VME customers, and Rhea is a timely proof point."

* The World Market for VITA Standards based Boards and Systems - 2023 Edition

Enquiries:

Concurrent Technologies Plc Miles Adcock - CEO Kim Garrod - CFO	+44 (0)1206 752626
Alma Strategic Communications Josh Royston Hannah Campbell	+44 (0)20 3405 0205
Cavendish Capital Markets Limited (NOMAD and Broker) Neil McDonald Peter Lynch	+44 (0)131 220 9771 +44 (0)131 220 9772

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards and Systems for use in a wide range of high performance, long life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest generation embedded Intel® Core™ processors, Intel® Xeon® and Intel Atom™ processors.  The products are designed to be compliant with industry specifications and support many of today's leading embedded Operating Systems.  The products are sold world-wide.

For more information on Concurrent Technologies Plc and its products please visit  www.gocct.com .

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