Concurrent Technologies, a world-leading specialist in the design and manufacture of high-end embedded computer and system-orientated solutions for critical applications, announces that it has secured a contract with a UK FTSE 250 company to supply a custom set of embedded systems for a national defence installation.
The contract, valued at c.£1.25 million, marks a significant milestone for the Company. Building on the successful completion of a £200,000 preliminary design contract, Concurrent will deliver embedded systems units through to 2025, with half of the total revenue expected to be recognised in 2023.
In line with the Company’s announcement last year to expand its product offering into the embedded systems market alongside the existing plug-in-cards business, the contract serves as a validation of the Company’s strategy, being its first systems contract surpassing £1 million in total revenue value.
Concurrent Technologies plc (LON:CNC) designs and manufactures a range of computing products for use in critical embedded applications. The Company was established in 1985 with the majority of products being high performance Single Board Computers (SBC’s) based on Intel® CPU technology.