ATLANTA -- (BUSINESS WIRE) -- Concurrent (NASDAQ: CCUR), a global leader in multi-screen video delivery and media data intelligence software solutions, today announced it was awarded U.S. Patent No. 8,650,601 entitled “Video On Demand Management System”. The patent was issued for a method of positioning content files and intelligently managing content assets in a multi-tier video server network. Intelligent asset management is commonly used in streaming video applications such as video-on-demand, time-shifted TV, and network-based digital video recording (nDVR) to improve the efficiency of file-based content distribution across a geographically disperse network. Concurrent’s patented method defines a way to manage content placement based on attributes such as consumer demand, content usage, content age, the presence of advertisements, and other advertising related information. Using this information, content can be positioned as efficiently as possible to ensure the highest consumer quality of experience, the best use of storage resources, and the lowest network transport cost.
“We are pleased to announce our third patent award for multi-screen video technology this fiscal year,” said Bob Chism, Concurrent’s Chief Technology Officer. “As we expand our product portfolio to include a host of new multi-screen video solutions, we are also developing a strong foundation of relevant intellectual property. Securing new video patents on core video streaming, Content Delivery Network (CDN), and asset management technologies is a great way for Concurrent to support our market activities and showcase our continued thought leadership in the video solutions marketplace.”
Concurrent has been aggressively expanding its multi-screen video patent and product portfolios. Earlier in the fiscal year Concurrent announced it had been awarded two U.S. patents. The first patent was issued in August 2013 for a demand based edge caching system and method. A second patent was issued in September 2013 for a method of creating a targeted integrated image for the purpose of video advertising in electronic program guides. Concurrent has also introduced a variety of new multi-screen products, including a Unified Content Delivery Solution that can stream video to any screen, over any network and a multi-screen video analytics solution that provides insight into consumer viewership behavior on TVs, PCs, smartphones, tablets, and other consumer electronics devices.
Concurrent (NASDAQ: CCUR) is a global leader in video, media data intelligence and real-time Linux® solutions. Concurrent provides customers with transformative solutions to fuel their business beyond what was thought possible. Concurrent’s unified video delivery and media data intelligence solutions support every screen simultaneously, making it easier for cable MSOs, fixed-line telecommunications providers, mobile operators, online media companies and satellite TV broadcasters to deliver revenue generating video services to consumers on any device, over any network. The world’s leading multichannel video service providers have selected Concurrent to deliver the solutions and services required to support their next-generation multi-screen video initiatives. Concurrent’s Emmy® award-winning video solutions are based upon a rich heritage of high-performance real-time technology. Concurrent’s real-time Linux solutions are used to support applications in the defense, aerospace, automotive and financial industries. Concurrent has offices in North America, Europe and Asia. Visit www.ccur.com for further information. 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 (“SEC”) on September 17, 2013, and may be discussed in subsequent periodic reports filed with the SEC. The risk factors discussed in such Form 10-K and subsequently filed periodic reports 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.
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