Acquisition/Trading Update

Concurrent Technologies PLC 7 January 2002 CONCURRENT TECHNOLOGIES PLC Acquisition of Omnibyte Corporation Concurrent Technologies Plc, which designs, produces and markets single board computers known as Multibus II, CompactPCI(R) and VME announces that it has acquired Omnibyte Corporation ('Omnibyte'), a US company for $1.5 million. Payment is in cash. The business has been acquired from the Parr Instrument Company ('Parr') and is based in West Chicago, Illinois. It currently employs 15 people and specialises in the manufacture and design of electronic micro computer circuits and systems, including VME single board computers using both PowerPC(R) and 68060 processors from Motorola. The unaudited financial statements of Omnibyte as at 31 January 2001 reveal that in the preceding year Omnibyte earned a pre tax profit of $340,993 on a turnover of $2,271,227. The unaudited balance sheet at that date revealed shareholders' funds of $1,532,725. Management figures supplied by Omnibyte indicate that in their current financial year Omnibyte is likely to make an operating loss in the region of $430,000. The stock purchase contract contains a warranty that the tangible net worth of Omnibyte as at the closing of the purchase is not less than $1,000,000. Omnibyte and Parr have entered into an agreement which formalises the terms of inter company trading whereby Omnibyte will continue to supply Parr with certain products which Parr incorporates into instruments it sells. This agreement is for a minimum of six months from closing. Concurrent expects its trading performance in the year ending 31 December 2001 to be in line with market expectations and sees clear signs of increasing activity in 2002 following the difficult trading conditions experienced in 2001. Michael Collins, Chairman, Concurrent Technologies Plc commented: 'This acquisition is an excellent fit with Concurrent's existing US operations and with the Group as a whole. Omnibyte widens our technology base, increases our design capability and gives us a platform to extend our presence in the US, the world's largest market for our products. 'We have been looking to strengthen our position in the US for some time and are pleased to have found a business with a similar culture to our own which we can expand and grow. The Omnibyte products will significantly broaden our product range and our existing sales team, which is based in Michigan, will handle sales of them. 'Omnibyte is not currently profitable and this is reflected in the price we have paid. We expect it to return to profitability in 2002. Omnibyte has, like Concurrent, written off all its design and development investment and we are therefore paying only a modest amount for goodwill and the value of its designs. We have paid cash for the business and still have significant cash resources for the further development of Concurrent Technologies. 'This acquisition gives us access to a far wider pool of design talent than is available in the UK. A shortage of engineers has to date been a constraint on our growth, so we are therefore confident that with the addition of the Omnibyte engineers we can maintain our technological lead and accelerate the Group's growth.' 7th January 2002 ENQUIRIES: Concurrent Technologies Plc Tel: 01206 752 626 Glen Fawcett, Managing Director College Hill Tel: 020 7457 2020 Michael Padley Nicholas Nelson