Concurrent Technologies ( (GB:CNC) ) has issued an announcement.
Concurrent Technologies Plc has announced plans to lease a new 40,000 sq ft headquarters and manufacturing facility in Colchester, which will double its production capacity and support business growth. The move, expected in the second half of 2026, will involve a £5m investment in machinery to enhance PCB assembly capacity, funded from existing cash reserves. This expansion is a strategic step to meet increasing customer demand and improve operational efficiency, positioning Concurrent as a leading player in the global defence electronics market.
More about Concurrent Technologies
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. Their products, featuring Intel® processors, are designed to be compliant with industry specifications and support many leading embedded operating systems, sold globally.
YTD Price Performance: 24.73%
Average Trading Volume: 423,969
Technical Sentiment Signal: Sell
Current Market Cap: £147.1M
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