CCUR had news today which has it in new high territory...
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Wednesday August 18, 8:00 am Eastern Time
Company Press Release
Time Warner Cable Selects Concurrent Computer Corporation Equipment for Video-On-Demand Test in Tampa Bay
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 18, 1999--Time Warner Cable recently announced that it will test Video-On-Demand (VOD) hardware and software from Concurrent Computer Corporation (Nasdaq:CCUR - news) in Tampa/St. Petersburg, Florida.
Tampa/St. Petersburg, Florida has been chosen as one of the first two locations where Time Warner Cable will test VOD equipment that will allow customers to instantly call up digital movies, with features like fast-forward, rewind, and pause. Equipment from Concurrent Computer Corporation will be tested in Tampa. Preliminary engineering tests are expected to begin late this summer, with the service becoming available to customers later this year or early next year.
``Our experience at the Full Service Network in Orlando made us a strong believer in the future of Video-On-Demand,' said Rick Davies, Senior Vice President, Corporate Development, of Time Warner Cable. ``We're very pleased that the digital television project that evolved from the FSN has now reached the point where we can begin testing deployable VOD technology from multiple vendors. We look forward to working with Concurrent to test their equipment in our rebuilt cable systems, and prepare for a national rollout. We're confident that Video-On-Demand will take its place along with Road Runner as an important new digital business.'
E. Courtney Siegel, Chairman, President, and CEO of Concurrent Computer Corporation, said: ``By using the MediaHawk(TM) Video-On-Demand system in the Tampa Bay area, Time Warner Cable is placing itself in the forefront of video technology. We look forward to working closely with Time Warner Cable to a successful implementation in Tampa, and to future deployments.'
Concurrent's MediaHawk VOD System, to be used in Tampa Bay, is a scalable network of video servers and specialized software applications. Concurrent's system is based on its MediaHawk Video Server, and is a scalable, fully integrated, end-to-end VOD solution. The MediaHawk technology includes complete system management and control capabilities.
Time Warner Cable owns and manages the world's most advanced, best clustered cable television operations, with 80 percent of its 12.9 million customers in systems serving 100,000 customers or more. It is a unit of Time Warner Entertainment.
Concurrent Computer Corporation (NASDAQ:CCUR - news; ccur.com), headquartered in Fort Lauderdale, Florida, is a leading supplier in the emerging digital video server marketplace. This market includes the residential entertainment, corporate training, education, hospitality, and in-flight entertainment industries. Operating in 32 countries worldwide, Concurrent provides sales and support from offices throughout North America, South America, Europe, Asia, and Australia.
Note to Editors: For additional company or product information from Concurrent Computer Corporation, please contact Concurrent Computer Corporation, 2101 West Cypress Creek Road, Fort Lauderdale, Florida 33309. Call toll free in the U.S. and Canada at (800) 666-4544, fax 954/977-5580. Readers can also access information through the company's web site at ccur.com.
MediaHawk is a trademark of Concurrent Computer Corporation. All other products are trademarks or registered trademarks of their respective owners.
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Contact:
Concurrent Computer Corporation, Atlanta
Andrea Ariza (Media)
770/814-4371
andrea.ariza@mail.ccur.com
or
Concurrent Computer Corporation, Fort Lauderdale
Beth Alonzo (Analysts/Investors)
954/973-5100
beth.alonzo@mail.ccur.com
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More Quotes and News: Concurrent Computer Corp (Nasdaq:CCUR - news)
Related News Categories: computer hardware, computers, entertainment, internet
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