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    +44 (0)1206 752626 
 
Newgate (Financial PR) 
 Bob Huxford                           +44 (0)20 7653 9848 
 Isabelle Smurfit                       +44 (0)20 3757 3411 
 
Cenkos Securities Plc (NOMAD) 
 Neil McDonald                         +44 (0)131 220 9771 
 Peter Lynch                           +44 (0)131 220 9772

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTTABJTMTJBTIM

(END) Dow Jones Newswires

December 16, 2020 02:00 ET (07:00 GMT)

Concurrent Technologies (LSE:CNC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Concurrent Technologies Charts.
Concurrent Technologies (LSE:CNC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Concurrent Technologies Charts.