Concurrent Technologies Plc
International Senior Management Appointments
Concurrent Technologies Plc (the "Company"), a world leading specialist in the
design and manufacture of high-end embedded computer products, is pleased to
announce two senior management appointments for its subsidiaries in both the
USA and India.
Mr. Brent Salgat is promoted to President of Concurrent Technologies Inc., the
Company's US subsidiary and Mr. Manivannan Ramasamy has been appointed Managing
Director of Concurrent Tech India Private Limited, the Company's Indian
subsidiary.
Brent, a US citizen, joined Concurrent Technologies Inc in 2006 as Vice
President of Sales and Marketing for North America. In this time he has led the
expansion of the customer base in the region, demonstrating excellent results
through his extensive knowledge of the market and network of contacts. Brent
has an Electronics Degree from Michigan Technological University and has 20
years' experience in the embedded computer industry.
Manivannan, an Indian citizen, joined the group in late 2007 as a General
Manager tasked with establishing an engineering design centre in Bangalore,
India. He is a graduate of Anna University, India, with a Masters Degree in
Applied Electronics. He has sixteen years' experience in the design of embedded
products, predominantly in the telecommunications industry, working both in
India and the US.
Glen Fawcett, Managing Director, Concurrent Technologies Plc, commented:
"I am delighted at these appointments; both Brent and Manivannan have
demonstrated commitment, leadership and business skills which will continue to
help strengthen the group and help drive further growth."
"The USA is a very important market for us, especially with our drive towards
environmentally superior products targeted at the defence market. Brent's
wealth of knowledge, energy and experience is strategically important to our
expansion plans in North America."
"Manivannan's appointment coincides with the opening of our new design and
development centre in Bangalore. We are very enthusiastic about India given the
talent available to help expand our product lines more quickly, enabling an
acceleration of our plans to break into new market areas. Manivannan is leading
a growing team of skilled and dedicated engineers which complements the
expanding product development programme being undertaken by our existing
facility in the UK."
"The two appointments are a significant step forward for the Group."
26 June 2008
Contacts:
Concurrent Technologies Plc 01206 752 626
Glen Fawcett, Managing Director
Haggie Financial LLP 020 7417 8989
Nicholas Nelson/Kathy Boate
Nominated Adviser
Brewin Dolphin Investment Banking 0845 213 4212
Elizabeth Kennedy
All trademarks, registered trademarks and trade names used in this announcement
are the property of their respective owners.
Note to Editors:
The Company develops and manufactures high-end embedded computer products for
use in a wide range of high performance applications within the defence,
security, telecommunications telemetry, scientific and aerospace markets.
Using Intel® processors, including the latest Intel® Core™ 2 dual-core
processors, the Company offers a wide range of computer products which are
designed to be compliant with the most stringent industry specifications
including those for products used in extremely harsh environments.
For more information on the Company and its products please visit
http://www.cct.co.uk
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