Concurrent Technologies PLC Reseller Agreement (5939T)
March 21 2023 - 3:00AM
UK Regulatory
TIDMCNC
RNS Number : 5939T
Concurrent Technologies PLC
21 March 2023
21 March 2023
Concurrent Technologies Plc
(the 'Company')
Reseller Agreement
Concurrent Technologies further enhances its Systems
capability
Concurrent Technologies , (AIM: CNC) a world leading specialist
in the design and manufacture of high-end embedded computer
solutions for critical applications, has entered into a reseller
agreement with Alpha Data Parallel Systems Ltd ("Alpha Data") to
include its range of reconfigurable processors within the Company's
system products.
This agreement marks an important milestone in achieving
Concurrent Technologies' stated ambition to become synonymous with
market-leading system-based solutions.
Concurrent Technologies will resell Alpha Data's Field
Programmable Gate Array ("FPGA") based cards, which can be
programmed to accelerate a wide variety of functions. FPGA
acceleration is a cornerstone element in Concurrent Technologies'
systems offering, alongside the Company's own Intel(R) processor
based Plug-in-Cards and third-party graphical processing and
display cards.
These three configurable elements enable the widest number of
applications to be addressed. The Company will now be able to
construct complex highly rugged small form systems. Targeted mainly
towards the defence industry, these systems will be suitable for
applications as varied as Software Defined Radio, RADAR, video
processing, intelligence, surveillance and reconnaissance.
As a result, Concurrent Technologies will be able to service
significantly more opportunities, addressing the bulk of a systems
market that was estimated in 2020 to be worth $105m and growing at
17.9% per annum. In addition, FPGAs typically require an Intel host
processor Plug-in-Card so this reseller agreement is expected to
further drive demand for the Company's core products.
David Miller, MD of Alpha Data, commented: "Alpha Data and
Concurrent Technologies have built strong reputations for reliable
high-performance products. Our products are entirely complementary,
and I am delighted to be working with Concurrent Technologies to
provide customers with pre-integrated systems that are easier to
use and enable a reduced time to market."
Miles Adcock, CEO of Concurrent Technologies, commented:
"Delivering fully integrated systems to the market is one of our
key growth objectives and we are thrilled to be partnering with
Alpha Data to further solidify this ambition. Securing this
agreement with Alpha Data further demonstrates our commitment to
this fast-paced and multifaceted market sector. We are proud of the
progress we have made so far in expanding our portfolio of
system-orientated solutions and are excited to continue building on
this momentum with additional agreements in the near future."
Enquiries:
Concurrent Technologies Plc
Miles Adcock - CEO +44 (0)1206 752626
SEC Newgate (Financial PR)
Bob Huxford concurrent@secnewgate.co.uk
Cenkos Securities Plc (NOMAD)
Neil McDonald +44 (0)131 220 9771
Peter Lynch +44 (0)131 220 9772
Note to Editors:
About Concurrent Technologies Plc
Concurrent Technologies Plc develops and manufactures high-end
embedded Plug In Cards and Systems for use in a wide range of high
performance, long life cycle applications within the
telecommunications, defence, security, telemetry, scientific and
aerospace markets, including applications within extremely harsh
environments. The processor products feature Intel(R) processors,
including the latest generation embedded Intel(R) Core(TM)
processors, Intel(R) Xeon(R) and Intel Atom(TM) processors. The
products are d esigned to be compliant with industry specifications
and support many of today's leading embedded Operating Systems. The
products are sold world-wide.
For more information on Concurrent Technologies Plc and its
products please visit www.gocct.com .
About Alpha Data
Founded in 1993 Alpha Data is headquartered in Edinburgh and
serves customers worldwide from offices in both the US and the UK.
Alpha Data was established to provide state-of-the-art solutions
for computer intensive applications, and the company's team of
highly skilled engineers provide international customers with
high-reliability, leading-edge products based on the latest devices
from AMD Xilinx. Alpha Data's partnership with AMD Xilinx gives
customers access to the latest advances in silicon engineering with
Alpha Data providing the hardware, software and expertise to ensure
rapid time to market.
All trademarks, registered trademarks and trade names used in
this announcement are the property of their respective owners.
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