Concurrent Technologies PLC Pre-Close Trading Update (7804I)

TIDMCNC

RNS Number : 7804I

Concurrent Technologies PLC

16 December 2020

This announcement contains inside information

16 December 2020

Concurrent Technologies Plc

(the 'Company')

Pre-Close Trading Update

Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer products for critical applications in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, announces a trading update for the year ending 31 December 2020.

Based on its unaudited management accounts for 2020, the Company confirms that it expects to report revenues and profitability ahead of market expectations with cash generation remaining strong. The Company also expects to continue the practice of paying a further interim dividend to shareholders and to pay this on or before 6th April 2021.

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 9(th) generation embedded Intel(R) Core(TM) processors, Intel(R) Xeon(R) and Intel(R) Atom(TM) 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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December 16, 2020 02:00 ET (07:00 GMT)