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Highlights
- Concurrent Technologies has received a $3.33 million purchase order for a VME standard product computer board from a US defense prime contractor.
- The order is for delivery in the first half of 2025 and will support both new military platforms and retrofitting older systems.
- The VME family of products remains a key offering, providing backward compatibility with modern technology for use in critical applications like RADAR systems.
Concurrent Technologies Plc (LSE:CNC), a leading designer and manufacturer of advanced computer products and systems, has secured a significant $3.33 million purchase order from a US defense prime contractor. The order is for one of Concurrent's standard VME product computer boards, scheduled for delivery in the first half of 2025.
This order marks a continued partnership with an existing customer and emphasizes Concurrent’s long-term commitment to supporting the VME (Versa Modular Europe) standard, which remains widely used in defense applications despite being an older technology. Concurrent’s VME family of products is well-regarded for its reliability and compatibility, making it a preferred choice for military systems, particularly in high-performance markets such as defense and aerospace.
A Critical Solution for the US Navy and Beyond
The VME-based products ordered by the US defense contractor are critical components deployed across a variety of military vessels, including all types of ships in the US Navy and foreign military ships. These systems are commonly used in RADAR applications and other mission-critical operations where reliability and performance are paramount.
Concurrent Technologies' VME products are designed with backward compatibility in mind, allowing them to integrate seamlessly with existing VME-compliant systems. This means that customers can incorporate cutting-edge technologies, such as the latest processors from Intel, into their legacy systems without the need for a complete overhaul. This feature offers significant cost savings and efficiency for military customers looking to upgrade or retrofit older platforms.
Strategic Value for Defense Contractors
The order reinforces the strategic value that Concurrent Technologies offers to the defense sector. By maintaining a focus on supporting the VME standard, the company continues to cater to an established market while providing modernized solutions that enhance operational effectiveness in defense applications. The ability to provide both new products for advanced platforms and retrofit solutions for older systems makes Concurrent’s offerings indispensable to defense contractors looking to maintain and improve existing infrastructure.
With the delivery of this $3.33 million order scheduled for the first half of 2025, Concurrent Technologies is well-positioned to further strengthen its reputation and relationships within the defense industry.
