19 sep 25   concurrent tech. - $5.25m us defence contract secured concurrent technologies plc | cnc | 222 0 0.0% | mkt cap: 192.0m    rns number : 9506z concurrent technologies plc 19 september 2025   this announcement contains inside information as stipulated under the uk version of the market abuse regulation no 596/2014 which is part of english law by virtue of the european (withdrawal) act 2018, as amended. on publication of this announcement via a regulatory information service, this information is considered to be in the public domain.   19 september 2025     concurrent technologies plc ("concurrent", the "company" or the "group")   $5.25m us defence contract secured concurrent technologies plc (aim: cnc), a designer and manufacturer of leading-edge computer products, systems, and mission-critical solutions used in high-performance markets by some of the world's major oems, is pleased to announce that it has been awarded a $5.25m contract for the provision of design services to a us-based major defence prime contractor.  the contract represents the first time that this customer has outsourced the design of its own computer product to a third party and the first occasion on which concurrent will be providing design services, further enhancing the group's established reputation with the customer. the contract is effective immediately and will run through 2025 and 2026 and reflects a broader industry trend among the major prime contractors to outsource hardware development. the product leverages concurrent's proven expertise in designing its own high performance, open standards, intel-based computing products, while incorporating customer-specific content and features, including some of the customer's own technology.   the customer regards this product as 'transformative' for them, aligning their way of working with the department of defence's drive for open standards and more agile solutions, whilst also enabling this customer to focus its efforts on their value adding software and system offering.  miles adcock, ceo, said: "this contract represents a fantastic step for concurrent into delivering large scale design services, and enables us to strengthen the growth and capability development of our engineering team. we have spent extensive time with this customer on collaboration and a major aspect to this project is dovetailing with their quality and manufacturing systems to enable them to produce the product in their own factory and integrate it into their wider enterprise.  "we are well positioned to benefit from the growing trend of outsourced hardware development, and this contract provides a valuable opportunity to assess the potential of design services as a future line of business." enquiries: concurrent technologies plc miles adcock - ceo kim garrod - cfo   +44 (0)1206 752626 alma strategic communications hannah campbell josh royston will merison  +44 (0)20 3405 0205 cavendish capital markets limited (nomad) neil mcdonald peter lynch  +44 (0)131 220 9771 +44 (0)131 220 9772   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® processors, including the latest generation embedded intel® core™ processors, intel® xeon® and intel atom™ processors. the products are designed to be compliant with industry specifications and support many of today's leading embedded operating systems. the products are sold world-wide. this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   cntlpmftmtmbbra return to news summary

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