Interim Results

Concurrent Technologies PLC
23 September 2002



                          Concurrent Technologies Plc

                Interim Results for the 6 months to 30 June 2002

                                Return to profit



Concurrent Technologies Plc, which designs, produces and markets single board
computers known as Multibus II, CompactPCI(R) and VME, announces its Interim
Results for the six months ended 30 June 2002.

•    Pre-tax profit for the period £267,320 (2001 H1: £601,056; 2001 H2 loss
     £92,288)

•    Pre-tax profit for the period like for like £387,087

•    Turnover for the period was £3.7 million: on a like for like basis,
     turnover was £3.5 million, a rise of 32% over H2 2001

•    Zero gearing, cash balances £2.67 million (H1 2001: £2.25m)

•    US acquisition, Omnibyte, fully integrated

•    Record number of new products introduced, significantly broadening
     product range

•    Expect strong growth in 2003

Michael Collins, Chairman, commented:

'Despite the uncertainty which existed in our markets generally in the final
quarter of 2001 and which continued into 2002, we have achieved significant
turnover growth.  Trading conditions in the embedded computer market generally
have been flat this year whereas earlier in the year we expected a stronger
recovery in the second half than is actually occurring.  Thus we do not expect
our activity level in the second half of the year to show a marked improvement
on the first although we do see the initial signs of a recovery in 2003.

'In the period Concurrent has released a record number of boards, which have
been well received, and Omnibyte has focused on designing and bringing to market
a new range of embedded computers.  As a result the product range has been
broadened and we are confident regarding the prospects for the Group.  The signs
are that 2003 will be much better for us and we expect to see a significant
increase in activity levels.'


                                                               23 September 2002
ENQUIRIES:

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

College Hill                                          Tel:   [phone]
Michael Padley
Nicholas Nelson


                              CHAIRMAN'S STATEMENT

FINANCIAL

The consolidated pre-tax profit for the 6 month period ended 30th June 2002 was
£267,320 compared to £601,056 in the same period last year and a loss of £92,288
in the second 6 months of 2001.  Despite the uncertainty which existed in our
markets generally in the final quarter of 2001 and which continued into 2002, we
have achieved significant turnover growth.  Without taking into account the
additional turnover from Omnibyte Corporation, turnover increased from
£2,655,332 in the second half of 2002 to £3,498,314 in the first half of this
year; an increase of 32%.  We estimate that on a like for like basis the pre-tax
profit for Concurrent Technologies itself would have been £387,087.  The
turnover of Omnibyte, the US acquisition, was £237,841.

Trading conditions in the embedded computer market generally have been flat this
year whereas earlier in the year we expected a stronger recovery in the second
half than is actually occurring.  Thus we do not expect our activity level in
the second half of the year to show a marked improvement on the first, although
we do see the initial signs of a recovery in 2003.  In the period Concurrent has
released a record number of boards, which have been well received, and Omnibyte
has focused on designing and bringing to market a new range of embedded
computers.  As a result the product range has been broadened and we are
confident regarding the prospects for the Group.

We ended June 2002 with cash at Bank and in hand of £2.67m, and no borrowings.


DIVIDENDS

Your Board does not propose to pay an interim dividend this year.  The Board
however will continue to keep the matter under review.


US ACQUISITION

In early January 2002 we completed the purchase of our Chicago based subsidiary
Omnibyte Corporation for which we paid $1,500,000 cash.  We have not found any
reason to make any claim under the warranties in the purchase agreement and so
far we are satisfied with our purchase.  Under the agreement between Omnibyte
and its former parent company Parr Instrument Company, Omnibyte continues to
supply Parr with certain products which Parr incorporates into instruments it
sells.  Sales in the USA this year have been rather slow so Omnibyte has been
concentrating on designing and bringing to market a new range of embedded
computers using both PowerPC(R) and 68060 processors made by Motorola(R).  These
include a very fast VME single board computer ('SBC') using the PowerPC CPU
chip.  The PowerPC boards are now being evaluated by customers and we envisage
significant revenue from these in 2003.  During this year we have reorganised
Omnibyte, including the consolidation of some of Omnibyte's operations with
those of Concurrent to save costs. We budgeted to break even this year at
Omnibyte but we now expect a modest loss brought on in no small part by our
decision to accelerate the progress of the design of the new SBC's.


ENGINEERING

We have this year invested in the design of new products at a faster rate than
last year. Concurrent's own engineers have this year released a range of wide
temperature boards and related products which are particularly suited to defence
applications. They are also well advanced with the development of 2 dual
processor boards which will have significant extra processing power compared to
our existing products.


THE FUTURE FOR OUR PRODUCTS

The telecommunications sector remains subdued but there are signs that activity
is increasing as we anticipated.  The long awaited launch of 3G
telecommunications products is starting to happen and when it does there will
inevitably be a demand for the systems needed to handle the 'traffic' and to
test the systems which will now undoubtedly be put in place after some delay.
We produce the types of commercial computer used, for instance, to relay the
large quantities of data required to transmit pictures over telecoms systems.
We see this type of activity as potentially very good for us, but we have
positioned ourselves not to rely on it and it forms only a small part of our
forecasts.

In other markets, there is a trend towards users of SBCs reducing their
production capability and a tendency to sub-contract to suppliers like us the
supply of complete systems.  We believe this will be good for our business.
Industrial, scientific research and defence projects are where our growth is
coming from at the moment and there is a lot of interest in communications
traffic policing systems, particularly in the defence market, and in wireless
internet systems where our products have already been successfully evaluated.


OUTLOOK

Customers continue to be conservative about making investment decisions in what
is an uncertain political and economic climate and we therefore believe that
2002 will be broadly similar to that in 2001.  The signs are, however that 2003
will be much better for us and we expect to see a significant increase in
activity levels.


CONSOLIDATED TRADING RESULTS

                                                       Unaudited                Unaudited              Audited
                                                   Six months to            Six months to           Year ended
                                                        30/06/02                 30/06/01             31/12/01
                                                               £                        £                    £

Turnover                                               3,736,155                3,944,858            6,600,190


Profit on ordinary

Activities before taxation                               267,320                  601,056              508,768


Taxation                                                 110,525                  210,089              148,418


Profit on ordinary

Activities after taxation                                156,795                  390,967              360,350


                                                                                   
Earnings per share                                       0.22p                      0.54p                0.50p          
          


NOTES:


 1. The results for the year ended 31 December 2001 are abridged from the
    Financial Statements for the year which contain an unqualified audit report
    and have been filed with the Registrar of Companies.

 2. The Consolidated Trading Results included the results of the company and its
    subsidiaries, one of which, Omnibyte Corporation, was acquired on 3 January
    2002.  The consolidated Trading Results have been prepared on a basis
    consistent with the Financial Statements for the year ended 31 December
    2001.  Purchased goodwill arising from the acquisition of Omnibyte
    Corporation has been capitalised as an intangible asset and is being
    amortised on a straight line basis over its estimated useful life of eight
    years.  The charge for amortisation in the period 1 January 2002 to 30 June
    2002 amounted to £18,300.

 3. The taxation charge for the six months ended 30 June 2002 is based on the
    estimated effective tax rate for the full year.

 4. The calculation of earnings per share for the six months to 30 June 2002 is
    based on the number of Ordinary Shares in issue of 72,700,012.  For the year
    ended 31 December 2001 the calculation of earnings per share is based on the
    weighted average number of Ordinary Shares in issue of 72,700,012.

 5. Fully diluted earnings per share (assuming full exercise of the options
    granted under the share option scheme) is not materially different from
    figures shown above.

Copies of this report will be sent to shareholders and are available at the
Company's Registered Office.


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