Fred Allegrezza Promoted to Chief Technology Officer of XSTREME Division of Concurrent Computer Corporation.
ATLANTA--(BUSINESS WIRE)--July 3, 2001
Concurrent Computer Corporation (Nasdaq:CCUR) today announced the promotion of Fred Allegrezza to chief technology officer of the XSTREME Division of Concurrent Computer Corporation. In his new expanded role as chief technology officer, Mr. Allegrezza will focus on driving the future technology direction and system architecture evolution for Concurrent's XSTREME Division. Most importantly, Mr. Allegrezza will oversee the strategic development and introduction of new advanced applications and technologies that further Concurrent's interactive television (ITV) offerings and expand on its industry-leading Video-On-Demand (VOD) and IP-based digital streaming technologies.
"Fred's unique skills and experience in pioneering and developing technology platforms and applications in the ITV field will allow him to drive Concurrent's advanced research efforts for new complementary applications that are strategic to our customers, such as interactive and targeted advertising," said Jack Bryant, president and CEO of Concurrent. "Under Fred's direction, Concurrent will continue its long history of introducing innovative applications and technologies to our worldwide customer base. Fred will report to me directly and will complement Bob Chism, our vice president of engineering and development, who will remain focused on managing our core engineering and product development efforts and resources residing here in Atlanta, GA and in Chalfont, PA, and our development group in Slough in the United Kingdom."
Before this appointment, Mr. Allegrezza was the vice president of New Business Development for Concurrent's XSTREME Division. Prior to this position, he was the founder and president of Vivid Technologies, a VOD company that Concurrent acquired in October of 1999. Vivid was founded in 1996, with the focus of implementing an end-to-end VOD server and software solution on the Motorola digital set-top platform. Prior to Vivid, Mr. Allegrezza worked with General Instrument as the engineering program manager and systems engineering manager in the first digital interactive cable systems deployments. Mr. Allegrezza received his Bachelor of Science degree in Electrical Engineering from Drexel University in 1981.
Concurrent Computer Corporation (http://www.ccur.com) is a leading provider of high-performance computer systems, software, and servers. Concurrent Computer Corporation's XSTREME Division is a leading supplier in the emerging digital video server marketplace. This market includes the broadband/cable, corporate training, education, hospitality, and in-flight entertainment industries. Operating worldwide, Concurrent provides sales and support from offices throughout North America, Europe, Asia, and Australia.
Concurrent brings over 35 years of real-time experience to the broadband industry, and in a very short time has become a leader in broadband VOD. Concurrent is positioned to meet the pent-up demand for interactive television services - movies-on-demand and e-commerce over the television. Current VOD and e-commerce trials and launches include: AOL Time Warner Cable - Oceanic Cable; AOL Time Warner Cable - Tampa Bay; Beijing Fengtai Cable - China; Cogeco Cable- Quebec and Ontario, Canada; Comcast - eight systems with locations to be announced; Cox - Hampton Roads; Cox - Phoenix; Cox - San Diego; Horizon.com - Singapore; Shanghai Telecom - China; and VOD Pty Ltd./TransAct - Australia.
Certain statements made in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. 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 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 performance or results include, without limitation:
- 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 VOD segment; - the concentration of our customers; - failure to effectively manage growth; - delays in testing and introductions of new products; - rapid technology changes; - the highly competitive environment in which we operate; and - the entry of new, well-capitalized competitors into our markets and other risks and uncertainties.
Other important risk factors are discussed in our report on form 10-Q for the quarter ended September 30, 2000 and may be discussed in subsequent filings with the Securities and Exchange Commission.
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, 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 is a registered trademark and MediaHawk is a trademark of Concurrent Computer Corporation. All other products are trademarks or registered trademarks of their respective owners.
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|Date:||Jul 3, 2001|
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