AGM Statement

Concurrent Technologies PLC 20 April 2001 CONCURRENT TECHNOLOGIES PLC AGM Statement At today's Annual General Meeting (19th April 2001) Michael Collins, Chairman, Concurrent Technologies Plc, which designs, produces and markets single board computers known as Multibus II, CompactPCI(R) and VME, made the following comments: 'Trading in the first quarter was in line with expectations and the Board remains positive for a successful outcome this year. 'The slowdown in the telecommunications sector and in particular, in the move to the next generations of mobile telephone systems, has occurred as we anticipated. This should not, however, have a material effect on our growth since the reduction in the short term in revenue from telecommunications customers will, we believe, be compensated for by additional sales volume from other sectors. 'Our new CompactPCI and VME product range has been well received and initial orders for these have now been secured. We anticipate sales of these to be strong in the second half of the year.' All resolutions were passed unanimously. 19 April 2001 ENQUIRIES: Concurrent Technologies Plc Tel: 01206 752 626 Glen Fawcett, Managing Director College Hill Associates Tel: 020 7457 2020 Michael Padley / Nicholas Nelson Notes to the editors: Concurrent Technologies Plc specialises in designing, manufacturing and marketing special computer products, in particular Single Board Computers (SBCs). SBC's are computers which have all the necessary components on a single board unlike home or office PC's. Concurrent's main products are Multibus II (Intel driven), Versa Module Eurocards (Motorola driven) and CompactPCI(R). These are used in a wide variety of applications such as telecommunications, defence, air traffic control and postal services. Concurrent Technologies Plc is quoted on the UK Alternative Investment Market (AIM) with a market capitalisation of c. £28m. The company sells directly into the UK and US markets and distributes into most continents of the world including, Italy, Korea, Australia and Israel.
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