Concurrent (NASDAQ:CCUR), a global leader in multi-screen video delivery and media data intelligence solutions, has released a new version of its market leading multi-screen origin server software which features support for Ultra HD video content and the HEVC video compression standard (H.265). The company’s latest software enables service providers to stream the highest quality video content to a growing population of consumers with 4K and 8K televisions. With support for HEVC, Concurrent’s solution delivers dramatically better picture quality and up to sixteen times higher video resolution than Full HD (1080p) video content. “With our newly introduced support for Ultra HD content and HEVC, we are raising the bar on video quality for multi-screen streaming services,” said Bob Chism, Chief Technology Officer at Concurrent. “With a simple software upgrade, Concurrent delivers a seamless evolutionary path for service providers who want to attract new premium subscribers by offering services targeted at 4K and 8K televisions. Our software-based approach improves our customer’s time to market, protects their existing infrastructure investment, and ensures they can respond quickly to address the growing market need.” The market for Ultra HD television sets continues to flourish. DisplaySearch predicts that the Ultra HD panel market will surge to 21 million sets in 2014, compared with three million sets in 2013. According to UK based consultancy firm Futuresource, 4K Ultra HD televisions will account for 42 percent of television sales by 2018, versus approximately five percent this year. Concurrent’s multi-screen origin server is a modular software solution designed for commercial video applications such as video-on-demand, live broadcast, and network-based digital video recording. In addition to supporting delivery to classic set-top boxes and Internet connected devices, Concurrent’s content origination software features dynamic content adaptation (DCA). DCA enables video content to be modified on-the-fly as it being streamed to satisfy specific business needs, contractual obligations, or device requirements.
Support for 4K and 8K Ultra HD content and HEVC is included in software version 2.1 and later of Concurrent’s origin server. Version 2.1 is currently shipping worldwide.About Concurrent Concurrent (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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