Concurrent Announces New Product Line
Concurrent (Nasdaq: CCUR), a worldwide leader of on-demand and real-time computing technology, announced today the launch of a new product line providing advanced storage solutions to the ultra-high performance segment of the general storage market. Concurrent’s StorageMaster line will address the niche areas of the storage market that require very high-speed storage and retrieval, critical data I/O capability and advanced data prioritization. The new products feature unique strengths from both Concurrent’s on-demand and real-time product lines.
“Concurrent has a long history of serving customers in critical applications,” stated Gary Trimm, president and chief executive officer, Concurrent. “StorageMaster leverages our Red Hawk real-time operating system, content management expertise and data analysis and reporting skills, allowing us to expand into the high performance niche of the general storage market.” The first two products to be launched under the StorageMaster nomenclature will be a regional file server (RFS) and a general purpose storage product.
The StorageMaster RFS will allow service providers to centrally house and rapidly transport specific content to remote locations, even down to the node level. The product will be capable of supporting simultaneous data requests from any vendor’s edge server or appliance, enabling the creation of highly-diverse, multi-vendor architectures. Content will be stored in a non-proprietary file format and, when requested, will be transported faster than real-time (up to 30 Mbps), enabling the creation of regional or national content libraries. The StorageMaster RFS will be NGOD and ISA 1.5 compliant. The general purpose content storage product will provide scalable, high-density storage for a wide variety of video and non-video applications.
”Concurrent’s on-demand platforms must store and stream thousands of hours of video content for hundreds of thousands of end-users, but, in the end, you are still dealing with digital data,” explains Bob Chism, Concurrent’s chief technical officer. “We will launch StorageMaster within the cable community first; we know those customers well and have the sales infrastructure in place to specifically target them. Our plan is to next adapt the content storage product to provide versatile, scalable, high-density storage products for that portion of the IT market handling critical data, with a need for resiliency and fast storage and retrieval.” Concurrent looks forward to discussing the new product line in the second quarter earnings conference call, scheduled for January 25, 2008. The company expects to exhibit StorageMaster products at this year’s SCTE Cable Tec Expo in Philadelphia in June.
About Concurrent Concurrent (NASDAQ: CCUR) is a leading provider of high-performance, real-time Linux software and solutions for commercial and government markets. For over 40 years Concurrent's best-of-breed products have enabled a range of time-critical solutions including: modeling and simulation, high speed data acquisition, visual imaging, low latency transaction processing and on-demand television. Concurrent's on-demand television applications are utilized by major service providers in the cable and IPTV industries to deliver video-on-demand (VOD) and, through subsidiary company Everstream, measure the effectiveness of interactive television. Concurrent is a global company with regional offices in North America, Europe, Asia and Australia, and has products actively deployed in more than 26 countries. Concurrent's products and services are recognized for being uniquely flexible, comprehensive, robust and reliable. For more information, please visit www.ccur.com 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, release schedules, 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 on August 31, 2007 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.
Concurrent Computer Corporation its logo and Everstream and its logo are registered trademarks of Concurrent Computer Corporation. All other Concurrent product names are trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners. Linux® is used pursuant to a sublicense from the Linux Mark Institute.
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