Concurrent and Gotuit Team Up to Index On-Demand Content; Indexing Enables Consumers to View Content Based on Their Preferences.Business Editors/High-Tech Writers Cable-Tec Expo 2003 ATLANTA--(BUSINESS WIRE)--May 12, 2003 Concurrent Computer Corporation Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CCUR CCUR Center for Crops Utilization Research ), a worldwide leader of on-demand technology that is shaping the future of television, and Gotuit Media (www.gotuit.com), the leading provider of segment navigation software and indexing services for the digital TV industry, today announced an alliance to develop the next step in digital television - indexing, Everything-On-Demand content. Gotuit Media and Concurrent have formed an alliance to integrate Gotuit Media's patented indexing solution for on-demand video content, called Gotuit TV, with Concurrent's MediaHawk(R) Broadband VOD See video-on-demand. VoD - video on demand Platform. This integration will enable consumers to view selections and segments of on-demand content - movies, network news programs, music videos, sporting events and more - so they can watch just the specific content of interest to them. "Rather than watching a time-shifted football game in its entirety, you will be able to watch a condensed con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. version at your own pace, follow just your favorite players or watch personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. highlights of the game over and over," said Jim Logan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Gotuit Media. "The user experience provided by Gotuit and Concurrent will bring an unprecedented amount of new content into the on-demand world - this is the true essence of Everything-On-Demand," he added. Working with Concurrent's MediaHawk VOD Platform, Gotuit TV will combine metadata with digitally recorded video content, thereby allowing consumers to quickly access the best parts of a show. With existing remote controls, users can "segment surf" through content stored on the VOD server, watch a variety of interactive playlists, and save favorite scenes to a personal vault for later viewing. Steve Necessary, president of Concurrent's XSTREME (VOD) Division, said, "Personalizing content is the key to successful on-demand services of the future. Customers not only want to watch what they want and when they want it, but also how they want it. Partnering with Gotuit TV is a major step forward for the industry and moves us closer to our goal of the end of appointment TV, toward the concept of Everything-On-Demand." Concurrent's VOD Platform offers a proven foundation for the delivery of the latest on-demand services. These services are based on Concurrent's MediaHawk Broadband VOD Platform, which includes its proven hardware, extensive software, integration expertise and world-class customer service. Concurrent's comprehensive software suite includes business applications that support content management, aggregation and management of subscriber demographics, transaction and usage analysis, and billing and order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment . Concurrent and Gotuit are demonstrating this indexing on-demand content solution at SCTE SCTE Society of Cable Telecommunications Engineers SCTE Society of Cable Television Engineers SCTE Serial Clock Transmit External in Philadelphia, Pa. May 12-14 in Concurrent booth #1935. About Gotuit Media Corp. Gotuit Media is the leading provider of software technology and indexing services for enabling the intelligent navigation of on-demand video content. Gotuit holds a broad portfolio of patents in the time-shifted video space, including several landmark awards concerning video metadata. Founded in 1999, Gotuit Media is privately held and funded by Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices located in Boston, Silicon Valley, Geneva, and Shanghai. Since its inception in 1988, the firm has invested in more than 180 early and growth stage companies and taken a sector-focused approach to investing in , Motorola and other investors. Additional information can be found on Gotuit's web site at www.gotuit.com. About Concurrent Concurrent Computer Corporation (www.ccur.com) is a worldwide leader in high-performance computer systems, software and servers. Concurrent's XSTREME Division is a worldwide market leader in providing digital VOD systems to the broadband industry. This market includes broadband VOD and rich streaming media See streaming audio, streaming video and digital media hub. applications such as corporate training, education, hospitality and digital video-to-the-home. Concurrent is also a leading provider of high-performance, real-time computer systems, solutions, and software that focus on hardware-in-the-loop and man-in-the-loop simulation, data acquisition, and industrial control systems for commercial and government markets. Concurrent has over 35 years of experience and is providing these best of breed solutions through its offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, and Australia. Concurrent is a leader in the VOD market, serving eight major cable operators in 58 markets with over 3.6 million digital subscribers. Concurrent's proven technology provides one of the most flexible, comprehensive solutions for HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. , DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary , and IP-based networks. The Company's powerful and scalable VOD systems are based on open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced and are integrated with the leading broadband technologies. Certain statements made or incorporated by reference in this release may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the federal securities laws. When used or incorporated by reference in this release, the words "believes," "expects," "estimates," and similar expressions are intended to identify forward-looking statements. Statements regarding future events and developments and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. The risks and uncertainties which could affect our financial condition or results of operations include, without limitation: availability of video-on-demand content; delays or cancellations of customer orders; changes in product demand; economic conditions; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to our ability and the ability of other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; the limited operating history of our video-on-demand segment; the concentration of our customers; failure to effectively manage growth; delays in testing and introductions of new products; rapid technology changes; demand shifts from high-priced, proprietary real-time systems Real-time systems Computer systems in which the computer is required to perform its tasks within the time restraints of some process or simultaneously with the system it is assisting. to low-priced, open server systems; system errors or failures; reliance on a limited number of suppliers; uncertainties associated with international business activities, including foreign regulations, trade controls, taxes, and currency fluctuations; the highly competitive environment in which we operate; failure to effectively service the installed base; the entry of new well-capitalized competitors into our markets; and the valuation of equity investments and collectibility of notes receivable, including but not limited to our equity and debt investment in Thirdspace. Other important risk factors are discussed in our Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission on September 25, 2002 and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K 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. Note to Editors: For additional company or product information from Concurrent Computer Corporation, please contact Concurrent Computer Corporation, 4375 River Green Parkway, Suite 100, Duluth, GA 30096. Call toll free in the U.S. and Canada at (877) 978-7363, fax (678) 258-4199. Readers can also access information through the company's Web site at http://www.ccur.com. Concurrent Computer Corporation, its logo and MediaHawk are registered and unregistered trademarks of Concurrent Computer Corporation. All other product names are trademarks or registered trademarks of their respective owners. |
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