Concurrent Technologies PLC Concurrent Technologies Enters the Systems Market (7851B)
October 05 2022 - 1:00AM
UK Regulatory
TIDMCNC
RNS Number : 7851B
Concurrent Technologies PLC
05 October 2022
5 October 2022
Concurrent Technologies Plc
("Concurrent" or the 'Company')
Concurrent Technologies Enters the Systems Market
Launch of Helios Rugged Vision Computer System
Concurrent Technologies (AIM: CNC), a world-leading specialist
in the design and manufacture of high-end embedded computer boards
for critical applications, has entered the Systems market through
the launch of Helios, its new off-the-shelf, ruggedised vision
computer system. This has the potential to significantly expand
Concurrent's addressable market.
Concurrent's stated strategy has been to expand beyond the
provision of Plug in Cards (PICs) into systems that utilise its own
processor PICs augmented with best-in-class PICs from supplementary
manufacturers. Highly rugged and small form factor products like
Helios, which is designed to withstand the harshest of
environmental conditions, are targeted at a section of the Defence
Systems market estimated in 2020 to be worth $105m growing at 17.9%
per annum.
Concurrent is committed to providing a range of ruggedised
systems solutions and Helios has the flexibility to meet a number
of customer applications including command and control display,
degraded vision enhancement and 360deg vehicle situational
awareness. The core system will enable the launch of future
storage, sensing and control systems by harnessing different
combinations of application specific PICs.
Miles Adcock, CEO of Concurrent Technologies, commented: "The
launch of Helios is a milestone achievement for Concurrent,
representing our entry into the substantial and fast-growing
Systems market. Helios also demonstrates our commitment to create
solutions based on customer demand utilising the expertise of our
research and development teams. Expanding our capabilities to meet
the growing demand of the Systems market has been a part of our
stated strategy and we expect to make further announcements as we
continue to enhance our portfolio and capabilities in this
field."
Enquiries:
Concurrent Technologies Plc
Miles Adcock, CEO +44 (0)1206 752626
SEC Newgate (Financial PR)
Bob Huxford +44 (0)20 3757 6880
Isabelle Smurfit +44 (0)20 3757 6880
Group email concurrent@secnewgate.co.uk
Cenkos Securities Plc (NOMAD)
Neil McDonald +44 (0)131 220 9771
Peter Lynch +44 (0)131 220 9772
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