Concurrent Technologies Corporation

Concurrent Technologies has been awarded a £1.25 million contract with a UK FTSE 250 company to supply custom embedded systems for a national defence installation. The contract builds on a £200,000 preliminary design contract and will deliver units through 2025.

Concurrent Technologies Plc entered a conditional agreement to acquire the entire issued share capital of Phillips Machine & Welding Company, Inc for US$3.375 million, with the machine shop division being transferred out prior to completion, leaving the Aerospace and Military division.

Concurrent Technologies won a contract to supply a custom set of embedded systems for a national defence installation from a UK FTSE 250 company.

Concurrent Technologies Corporation was awarded a $5.2 million contract by the U.S. Air Force Research Laboratory to build the world's largest additive manufacturing machine, with a 1.5-meter build envelope in the Z-axis, in partnership with SLM Solutions.

Concurrent Technologies Plc entered a supply agreement with a Fortune 500 global medical technology company and received an initial USD 2.2 million order for first-year product shipments. Volume shipments are scheduled to start at the end of 2022.

NuScale Power awarded a contract to the Center for Advanced Nuclear Manufacturing, operated by Concurrent Technologies Corporation, for prototype work on helical coil steam generators for NuScale's small modular reactor design.