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Concurrent Technologies

  • BY: Andrew Hore |
  • POSTED: 10/07/2008 |

Concurrent Technologies says that first half trading has been “encouraging”.

Concurrent designs and manufactures high performance computer products for the defence, telecoms, aerospace and health sectors. It has attracted new customers and is sustaining its margins. New products have helped and Concurrent has opened a new development centre in Bangalore, India.

The shares rose 3.5p to 31.5p, valuing Concurrent at £22.6m.

Last week Concurrent celebrated 12 years on Aim. It has a strong balance sheet with cash in the bank.

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