Concurrent Technologies Plc
AGM Statement
At today's Annual General Meeting of Concurrent Technologies Plc (the
"Company") which manufactures high end embedded computer products for critical
applications in the defence, aerospace, transportation, telecommunications,
scientific and industrial markets, Michael Collins, Chairman, made the
following statement:
"2008 has started well for the Company especially in its principal markets,
namely: defence and telecommunications. Sales leads continue to grow and our
first quarter revenues for this year were encouraging. We expect to build on
this good start in the second quarter.
Our investment in design and development continues with the establishment in
early 2008 of a new subsidiary company in Bangalore, India creating an
additional and significant design facility. This facility should provide the
further engineering resources needed to enhance our ability to introduce a
broader range of products based on the latest processor technologies from
Intel®, as well as producing complementary products. In so doing, it will allow the
Company to fulfil a larger proportion of its customers' hardware requirements,
and should help drive new sales as well as expand our global reach.
Since the preliminary results statement in March, the Company has demonstrated
this strategy by releasing a MicroTCAâ„¢ system product. This system incorporates
our high performance Intel® dual-core processor Advanced Mezzanine Card as well
as our complementary storage and graphics products into an integrated and
pre-configured system, ready for use by customers as a development system for
their own applications.
The Company will continue to develop further both its established and new sales
channels as we maintain our focus on growth, high margin product development
and remaining a leader in the field. At this time, we look forward to the
remainder of 2008 with confidence."
22 May 2008
Concurrent Technologies Plc 01206 752 626
Glen Fawcett, Managing Director
Nexus Financial Ltd 020 7451 7050
Nicholas Nelson/Kathy Boate
Nominated Adviser 0141 221 7733
Brewin Dolphin Investment Banking
Alan Stewart
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are the property of their respective owners.
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