TIDMCNC

RNS Number : 8449B

Concurrent Technologies PLC

07 June 2023

07 June 2023

Concurrent Technologies Plc

("Concurrent" or the "Company")

Concurrent Technologies Announce New Distributor Agreement with SoC-e

Expanding Our Portfolio with Advanced Networking Solutions

Concurrent Technologies, (AIM: CNC) a world-leading specialist in the design and manufacture of high-end embedded computer solutions and systems for critical applications, announces it has signed a distribution agreement with SoC-e, an internationally recognised provider of advanced equipment for real-time, high-availability Deterministic Ethernet networking for critical sectors.

This significant distribution agreement enables Concurrent Technologies to offer SoC-e's portfolio of Relyum Advanced Networking Solutions within their home markets of the UK and USA, and additional worldwide territories. The inclusion of SoC-e's reliable, robust, and field-proven Relyum solutions further strengthens Concurrent Technologies's position as a market leader in delivering cutting-edge solutions for the aerospace and defence sectors.

In particular, the integration of Time Sensitive Networking (TSN) enables systems that are based on single ethernet fabrics to process real-time traffic with greater efficiency, eliminating the need to use extra legacy real-time data.

Miles Adcock, CEO of Concurrent Technologies, commented: "Building strong relationships with strategic industry partners is a core focus for our organisation. We are pleased to work alongside the experienced SoC-e team to enhance our product offerings. The collaboration enables us to deliver our leading range of solutions and systems to our home and global markets with greater speed and efficiency than ever before."

Mikel Idirin, CEO of SoC-e, commented: "Working with established partners like Concurrent Technologies is an exciting opportunity for us. Their clear strategy to deliver rugged systems with Advanced Networking capabilities, coupled with their extensive global sales network, aligns with our own ambitions and objectives. We are confident that this partnership will bring mutual success and further strength our positions as leaders in the industry."

Enquiries:

 
Concurrent Technologies Plc 
 Miles Adcock - CEO               +44 (0)1206 752626 
 
Newgate (Financial PR)          concurrent@secnewgate.co.uk 
 Bob Huxford                     +44 (0)7469 154806 
 Alice Cho 
 Matthew Elliott 
 
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 .

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

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END

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