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.
About ConcurrentConcurrent (NASDAQ:CCUR) is a global leader in video, media data intelligence and real-time Linux ® solutions. Concurrent provides customers with transformative solutions to fuel their business beyond what was thought possible. Concurrent’s unified video delivery and media data intelligence solutions support every screen simultaneously, making it easier for cable MSOs, fixed-line telecommunications providers, mobile operators, online media companies and satellite TV broadcasters to deliver revenue generating video services to consumers on any device, over any network. The world’s leading multichannel video service providers have selected Concurrent to deliver the solutions and services required to support their next-generation multi-screen video initiatives. Concurrent’s Emmy ® award-winning video solutions are based upon a rich heritage of high-performance real-time technology. Concurrent’s real-time Linux solutions are used to support applications in the defense, aerospace, automotive and financial industries. Concurrent has offices in North America, Europe and Asia. Visit www.ccur.com for further information. Follow us on Twitter: www.twitter.com/Concurrent_CCUR. Certain statements made or incorporated by reference in this release may constitute “forward-looking statements” within the meaning of the federal securities laws. Statements regarding future events and development and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements include, among others, statements regarding our products and product development. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Such risks and uncertainties include our ability to meet customer schedules and demands and deployment and integration goals. Important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on September 17, 2013, and may be discussed in subsequent periodic reports filed with the SEC. The risk factors discussed in such Form 10-K and subsequently filed periodic reports under the heading “Risk Factors” are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.
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