Trading Update

RNS Number : 6042P

Concurrent Technologies PLC

20 July 2010

 



Concurrent Technologies Plc

Trading Update

Concurrent Technologies Plc (the "Company"), a world leading specialist in the design and manufacture of high-end embedded computer products, for critical applications in the defence, aerospace, transportation, telecommunications, scientific and industrial markets, announces an update on current trading.

In the announcement of the Company's preliminary results for the period to 31 December 2009, released on 15 April 2010, and, more recently, in the AGM Statement released on 21 May 2010, the Company reported on a positive environment for its products aimed at the defence sector and noted that sales growth in that sector was likely to remain modest in the current financial year.

At the time of such statements the Company was working towards securing an order forecast to deliver c. £1 million of revenue in the current financial year. However, it has since become clear that this order is now expected to crystallise in the year ended 31 December 2011.

Accordingly, whilst the Company remains confident that the result of its investment in new defence related products will be seen beyond 2010, the Directors anticipate that results for the current year will be below current market expectations.

Enquiries:

Concurrent Technologies Plc
Glen Fawcett, Managing Director	01206 752 626
Haggie Financial LLP
Nicholas Nelson / Henny Breakwell	020 7417 8989
Brewin Dolphin Ltd (NOMAD)
Neil Baldwin / Neil McDonald	0845 213 4277

Note to Editors:

Concurrent Technologies Plc develops and manufactures high-end embedded computer products for use in a wide range of high performance applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets. Using Intel® processors, including the latest Intel® Core™ i7 processors, Intel® Xeon®, Atom™ and 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 Concurrent and its products please visit http://www.cct.co.uk 

All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners.

 

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