Concurrent Technologies (GB:CNC) has released an update.
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Concurrent Technologies Plc has announced two significant contracts totaling $518k through its subsidiary, Phillips Aerospace, aligning with their strategy to provide integrated computer systems. The first contract involves supplying a rugged chassis to a US defense company, with expectations for future orders, while the second contract is aimed at delivering hardware compatible with the SOSA standard, indicating potential for ongoing business. CEO Miles Adcock expressed confidence in the strategic acquisition of Phillips Aerospace, projecting growth in Systems revenue and anticipating further deal announcements.
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