Partnership Agreement
Concurrent Technologies Plc
(the ‘Company’)
Partnership Agreement
Concurrent Technologies enhances its Systems capability with new partnership agreement
Concurrent Technologies , (AIM: CNC) a world leading specialist in the design and manufacture of high-end embedded computer boards for critical applications, has entered into a partnership agreement with EIZO Rugged Solutions to resell its range of display and accelerator cards. Selling these cards individually and as part of a range of system solutions provides a new revenue stream for Concurrent Technologies and increases its serviceable market. Concurrent Technologies’ Systems strategy is targeted at a section of the Defence Systems market estimated in 2020 to be worth $105m growing at 17.9% per annum.
EIZO Rugged Solutions’ display and accelerator cards directly link to a processor card via a high-speed interconnect and are widely utilised to accelerate processing tasks in Intelligence, Surveillance & Reconnaissance (ISR); Signal Processing; and Artificial Intelligence applications.
This is Concurrent Technologies’ first third-party reseller agreement and is therefore a landmark development for the Company. The Company is seeking to secure more agreements of this nature as combining third-party products with its own cards will enable the Company to offer an increasing variety and complexity of systems for an ever-wider number of applications.
Selwyn Henriques, President and CEO of EIZO Rugged Solutions, commented: “Our graphics and video product offerings are complementary with Concurrent Technologies’ processor Plug-In Cards. Through this partnership, their customers will receive complete, tested solutions to accelerate system designs and win programs.”
Miles Adcock, CEO of Concurrent Technologies, commented: “This partnership further cements our strong relationship with the EIZO Rugged Solutions team, having successfully worked together on many high-profile programmes in the USA and worldwide. It is another key part of our recently launched systems offering, providing greater opportunities in what is an extensive and fast-growing market.”