Concurrent Technologies plc
Concurrent Technologies

Concurrent Technologies share price, company news, analysis and interviews

Concurrent Technologies plc (LON:CNC) designs a range of high performance Intel® processor boards, switches, networking, storage and software products for use in embedded computing solutions.  They manufacture  their board products in their Colchester, UK based factory to meet the highest level of inspection standards for long life-cycle, reliable operation.

Concurrent Technologies supports a wide range of markets that use long life-cycle, deeply embedded computer solutions:

Military

Concurrent Technologies secure, embedded processor solutions are deployed in a wide array of platforms, including: Command, Control, Communications, Computers, Cyber-Defense and Combat Systems and Intelligence, Surveillance, and Reconnaissance (C6ISR), RADAR, LIDAR, Signals, Communications and Electronic Intelligence (SIGINT, COMINT, ELINT), Simulation and Guidance.

Aerospace

Concurrent Technologies specializes in the development of 3U products that are optimized for Size, Weight and Power (SWaP) for use in demanding airborne platforms and applications. Our secure, embedded processor solutions are deployed in a variation of different aerospace platforms, including: sensors, RADAR, intelligence and surveillance.

Communication

Concurrent Technologies’ wide portfolio includes many products for use in applications that reside near the edge of a network providing suitable connectivity or gateway type functionality. Typical applications include: include 5/4/3 base station equipment, satellite communications, control and storage devices.

Concurrent Technologies
Concurrent Technologies
Concurrent Technologies

Industrial

Concurrent Technologies’ industrial focus is to provide control processors for rack mounted, modular applications requiring a variety of I/O capabilities. Our wide portfolio of products can be applied to a variety of different applications including: oil and gas extraction/exploration, production control, renewable energy systems, semiconductor process equipment and optical instrumentation..

Transport

Concurrent Technologies’ wide selection of embedded processor solutions can be useful in many transport-based applications, including: control of driver less freight trains, automatic number plate recognition systems, signage and control and ticketing solutions, as well as flight control information systems. Some of our original Multibus II cards can still be found in use in transportation applications over 25 years after shipment.

Scientific

Concurrent Technologies has supplied a variety of processor and storage solutions to many world-renowned scientific institutions enabling several groundbreaking discoveries and allowing continuous research to take place. Some of these applications have included: research in particle acceleration and detection; electron storage; anti-matter investigation and synchrotron research.

Concurrent Technologies
Concurrent Technologies
Concurrent Technologies

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Concurrent Technologies

Concurrent Technologies sees a gross profit increase of 62% on prior year

Concurrent Technologies PLC (LON:CNC), a world leading specialist in high-end embedded computer products for critical applications, has announced its interim results for the six months to 30 June 2023. Financial Performance Strengthened order intake has translated into record H1 2023 revenue at £12.1M (representing a 63% increase on H1 2022, and a 22% increase on H1 2020, which was the best revenue year to date).  Demand for the Company’s products remains strong with a H1 order intake of £14.5M (H1 2022: £14.2M) and record backlog of £29M (31 December 2022: £26.7M).  Despite ongoing challenges with component supply, it is reducing in both

Concurrent Technologies

Concurrent Technologies acquires Phillips Aerospace

Concurrent Technologies, (LON:CNC) a world-leading specialist in the design and manufacture of high-end embedded computer solutions for critical applications, has announced that it has completed the acquisition of Phillips Aerospace, a designer and manufacturer of rugged systems solutions predominantly serving the defence sector but with capabilities and customers in both the medical and industrial sectors. Concurrent Technologies has acquired Phillips Aerospace for cash consideration of approximately US$1.875 million (approx. £1.47 million) and the issue of 1,807,686 new Ordinary Shares in the Company to satisfy a total consideration of US$3.375m.  The Acquisition supports the Company’s strategic goals of adding US based manufacturing to

Concurrent Technologies

Concurrent Technologies interim results Tuesday, 19 September 2023

Concurrent Technologies Plc (LON:CNC), a global specialist in the design, development and manufacture of leading-edge embedded computer solutions for critical applications, stated today that it will announce its interim results for the six months ended 30 June 2023 on Tuesday, 19 September 2023. On the day of results there will be a webinar / conference call for equity analysts at 09:30am BST, hosted by CEO, Miles Adcock, and CFO, Kim Garrod. Analysts wishing to register for the event should contact SEC Newgate at concurrent@secnewgate.co.uk. Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards and Systems for use in a wide range of

Concurrent Technologies

Concurrent Technologies proposed acquisition of Phillips Machine & Welding Company

Concurrent Technologies (LON:CNC), a world leading specialist in the design and manufacture of high-end embedded computer solutions for critical applications, is pleased to announce that it has entered into a conditional agreement to acquire the entire issued share capital of Phillips Machine & Welding Company, Inc (“Stryker“) for an aggregate consideration of US$3.375 million (approximately £2.64 million). Prior to Completion of the Acquisition, the machine shop division of Phillips Machine & Welding Company, Inc will be transferred out of the business and, as a result, Concurrent Technologies will own the Aerospace and Military division. The Concurrent Technologies directors believe that the Acquisition

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