Concurrent Technologies PLC AGM Statement (9716B)

TIDMCNC

RNS Number : 9716B

Concurrent Technologies PLC

15 June 2021

15 June 2021

Concurrent Technologies Plc

(the 'Company')

Annual General Meeting Statement

At today's Annual General Meeting of Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer boards for critical applications, Jane Annear, CEO, will make the following statement on behalf of the Board:

"We are pleased to report that the Group's trading performance in 2021 has continued on from the positive results reported for 2020. We expect our first half results to be in line with the Board's expectations. The overall order book is strong and the Group's cash position remains healthy.

The Board continues to take a cautious approach to revenue expectations for the year as a whole. The well publicised shortage of components and materials that is affecting companies world-wide has added to the uncertainty initially caused by the COVID-19 outbreak and its potential effect on some programmes."

Enquiries:

 
Concurrent Technologies Plc 
 Jane Annear, Managing Director/CEO    [phone] 
 
Newgate (Financial PR) 
 Bob Huxford                           [phone] 
 Isabelle Smurfit                       [phone] 
 
Cenkos Securities Plc (NOMAD) 
 Neil McDonald                         [phone] 
 Peter Lynch                           [phone] 
 

Note to Editors:

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded computer products 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(R) processors, including the latest 9th generation embedded Intel(R) Core(TM) processors, Intel(R) Xeon(R) and Intel Atom(R) 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.

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

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June 15, 2021 07:34 ET (11:34 GMT)