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Concurrent Sets Record Pace For Video Patent Awards

Stocks in this article: CCUR

Concurrent (NASDAQ:CCUR), a global leader in multi-screen video delivery and media data intelligence solutions, has been awarded U.S. Patent No. 8,695,031 entitled “System, Device, and Method for Delivering Multimedia.” The patent defines a process for coordinating the retrieval of multimedia content such as video files, advertisements, and metadata over a public or private network in support of live, video-on-demand, and time-shifted streaming services.

Today’s commercial video services are highly personalized, featuring advertisements and video trailers that are inserted into video programming based on individual consumer profiles. Content delivery networks commonly retrieve video files and advertising from different sources, and then assemble these files together to create a unique stream for each consumer. Using Concurrent’s patented method, the file retrieval process is optimized to ensure the required content is gathered in an efficient and timely manner to support uninterrupted streaming services.

“We are excited to add another multi-screen video patent to our growing portfolio of intellectual property,” said Bob Chism, Chief Technology Officer at Concurrent. “Our focus on innovation has yielded four new video patents in the past nine months, setting a record pace for our company. With recent awards spanning CDN edge caching, advanced video advertising, intelligent content management, and multi-screen content workflow methodologies, we have achieved a broad set of patent wins that serve to extend Concurrent’s leadership position in the growing IP video solutions marketplace.”

Concurrent is a leading supplier of content delivery and video analytics solutions to multichannel video service providers around the globe. The company’s unified solutions approach makes it easier to launch new video services to every screen by combining support for classic TV and next generation “TV Everywhere” services on the same software platform. With one solution for all screens, service providers are able to cost effectively migrate core pay TV services to advanced IP video solution architectures over time in a more seamless fashion.

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