Acquisition/Trading Update

Concurrent Technologies PLC
7 January 2002

                         CONCURRENT TECHNOLOGIES PLC

                     Acquisition of Omnibyte Corporation


Concurrent Technologies Plc, which designs, produces and markets single board
computers known as Multibus II, CompactPCI(R) and VME announces that it has
acquired Omnibyte Corporation ('Omnibyte'), a US company for $1.5 million.
Payment is in cash.

The business has been acquired from the Parr Instrument Company ('Parr') and
is based in West Chicago, Illinois.  It currently employs 15 people and
specialises in the manufacture and design of electronic micro computer
circuits and systems, including VME single board computers using both 
PowerPC(R) and 68060 processors from Motorola.

The unaudited financial statements of Omnibyte as at 31 January 2001 reveal
that in the preceding year Omnibyte earned a pre tax profit of $340,993 on a
turnover of $2,271,227.  The unaudited balance sheet at that date revealed
shareholders' funds of $1,532,725.  Management figures supplied by Omnibyte
indicate that in their current financial year Omnibyte is likely to make an
operating loss in the region of $430,000.  The stock purchase contract
contains a warranty that the tangible net worth of Omnibyte as at the closing
of the purchase is not less than $1,000,000.  Omnibyte and Parr have entered
into an agreement which formalises the terms of inter company trading whereby
Omnibyte will continue to supply Parr with certain products which Parr
incorporates into instruments it sells.  This agreement is for a minimum of
six months from closing.


Concurrent expects its trading performance in the year ending 31 December 2001
to be in line with market expectations and sees clear signs of increasing
activity in 2002 following the difficult trading conditions experienced in
2001.


Michael Collins, Chairman, Concurrent Technologies Plc commented:


'This acquisition is an excellent fit with Concurrent's existing US operations
and with the Group as a whole.  Omnibyte widens our technology base, increases
our design capability and gives us a platform to extend our presence in the
US, the world's largest market for our products.


'We have been looking to strengthen our position in the US for some time and
are pleased to have found a business with a similar culture to our own which
we can expand and grow.  The Omnibyte products will significantly broaden our
product range and our existing sales team, which is based in Michigan, will
handle sales of them.


'Omnibyte is not currently profitable and this is reflected in the price we
have paid.  We expect it to return to profitability in 2002. Omnibyte has,
like Concurrent, written off all its design and development investment and we
are therefore paying only a modest amount for goodwill and the value of its
designs.  We have paid cash for the business and still have significant cash
resources for the further development of Concurrent Technologies.


'This acquisition gives us access to a far wider pool of design talent than is
available in the UK.  A shortage of engineers has to date been a constraint on
our growth, so we are therefore confident that with the addition of the
Omnibyte engineers we can maintain our technological lead and accelerate the
Group's growth.'




                                                             7th January 2002


ENQUIRIES:

Concurrent Technologies Plc                     Tel:   [phone]
Glen Fawcett, Managing Director

College Hill                                    Tel:   [phone]
Michael Padley
Nicholas Nelson