Concurrent (NASDAQ: CCUR), a global leader in video and media data solutions, today announced expanded support for Smart TVs in the latest version of its MediaHawk™ VX unified video delivery software. Concurrent’s new software release ensures that operators can reach new customers who prefer to access video on-demand content via an Internet-connected device, rather than a traditional set-top box.
With consumer electronics companies introducing so many new Smart TVs into the market, each with its own unique integration requirements, it is important that operators employ a flexible video delivery solution that is certified against the most popular TV brands. Concurrent has been working closely with a major European operator to extend video on-demand services to a wide range of Internet-connected TVs using the MediaHawk Platform.
The popularity of video on-demand content on Smart TVs continues to grow, as consumers begin to embrace over-the-top services like Netflix, Apple and Hulu. According to Parks and Associates, in 2012, 75 percent of U.S. Smart TV owners who connect their TVs to the Internet watch on-demand movies at least once per month, versus 57 percent in 2011. Now more than ever, cable and telco service providers are faced with the challenges of competing on new screens, which means implementing support for new video formats and content protection schemes. Concurrent’s MediaHawk VX unified video delivery solution offers service providers a way to seamlessly deliver content to both traditional and new screens using a common hardware and software foundation.
“Consumers are eager to receive the content they want on every device. After purchasing a new Smart TV and connecting it to the Internet, it is critically important for consumers to be able to access cable and telco based video service offerings right alongside those available from over-the-top suppliers,” said Erik Weston, Director of Product Line Management for Concurrent. “We remain committed to providing solutions that keep our customers at the forefront of the industry and giving them the opportunity to compete on any screen using the core investments they make in our technology.”
For more information about Concurrent’s Unified Content Delivery Platform, please visit our website.
Concurrent (NASDAQ: CCUR) is a global leader in multi-screen video delivery, media data management, and monetization. Built on a solid foundation of Emmy Award-winning technology, Concurrent’s solutions provide consumers with ubiquitous access to content on any screen and provide media stakeholders with a holistic view of the consumer video experience. Concurrent supplies customers across the entire media ecosystem (cable, telecommunications, wireless, web, advertising, and content supplier industries) with enterprise-level CDN technology, multi-screen video delivery, monetization, media data collection and logistics solutions. Concurrent’s video solutions are built upon a rich heritage of high-performance real-time technology, which also powers solutions for the defense, aerospace, automotive and financial industries. Concurrent has offices in North America, Europe and Asia. Visit www.ccur.com for further information and 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 on August 28, 2012, 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, Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All other Concurrent product names are trademarks of Concurrent, while all other product names are trademarks or registered trademarks of their respective owners.
Kristen Izzo, 678-258-4221
Nicole Matthews, 646-202-9773
Kirk L. Somers, 678-258-4000
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