Business
Partnership Agreement
Partnership Agreement.
About this update from Concurrent Technologies Plc
[{"type":"text","content":"\n \n \n 14 December 2022\n \n \n \n \n \n \n \n \n Concurrent Technologies Plc\n \n \n \n (the 'Company')\n \n \n \n \n \n \n \n \n Partnership Agreement\n \n \n \n \n Concurrent Technologies enhances its Systems capability with new partnership agreement\n \n \n \n \n \n \n \n \n Concurrent Technologies\n , (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. \nEIZO 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.\nThis 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.\n \n \n \n \n \n Selwyn Henriques, President and CEO of EIZO Rugged Solutions, commented:\n \n \"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.\"\n \n \n \n \n \n \n \n \n \n Miles Adcock, CEO of Concurrent Technologies, commented:\n \n \"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.\"\n \n...