Concurrent Technologies PLC Partnership Agreement (6103J)

TIDMCNC

RNS Number : 6103J

Concurrent Technologies PLC

14 December 2022

14 December 2022

Concurrent Technologies Plc

(the 'Company')

Partnership Agreement

Concurrent Technologies enhances its Systems capability with new partnership agreement

Concurrent Technologies , (AIM: CNC) a world leading specialist in the design and manufacture of high-end embedded computer boards for critical applications, has entered into a partnership agreement with EIZO Rugged Solutions to resell its range of display and accelerator cards. Selling these cards individually and as part of a range of system solutions provides a new revenue stream for Concurrent Technologies and increases its serviceable market. Concurrent Technologies' Systems strategy is targeted at a section of the Defence Systems market estimated in 2020 to be worth $105m growing at 17.9% per annum.

EIZO Rugged Solutions' display and accelerator cards directly link to a processor card via a high-speed interconnect and are widely utilised to accelerate processing tasks in Intelligence, Surveillance & Reconnaissance (ISR); Signal Processing; and Artificial Intelligence applications.

This is Concurrent Technologies' first third-party reseller agreement and is therefore a landmark development for the Company. The Company is seeking to secure more agreements of this nature as combining third-party products with its own cards will enable the Company to offer an increasing variety and complexity of systems for an ever-wider number of applications.

Selwyn Henriques, President and CEO of EIZO Rugged Solutions, commented: "Our graphics and video product offerings are complementary with Concurrent Technologies' processor Plug-In Cards. Through this partnership, their customers will receive complete, tested solutions to accelerate system designs and win programs."

Miles Adcock, CEO of Concurrent Technologies, commented: "This partnership further cements our strong relationship with the EIZO Rugged Solutions team, having successfully worked together on many high-profile programmes in the USA and worldwide. It is another key part of our recently launched systems offering, providing greater opportunities in what is an extensive and fast-growing market."

Enquiries:

 
Concurrent Technologies Plc 
 Miles Adcock - 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 generation embedded Intel(R) Core(TM) processors, Intel(R) Xeon(R) and Intel Atom(TM) processors. The products are d esigned 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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December 14, 2022 02:00 ET (07:00 GMT)