Duluth, GA –September 26, 2007 - Concurrent (NASDAQ:CCUR), a leading provider of time-critical Linux® operating systems and integrated software and computer solutions for mission-critical applications, announces that in June 2007 it shipped $1M in RedHawk Linux operating system and NightStar development tools for shipboard deployment in support of the Navy’s Cruiser Modernization COTS Refresh 2 program. Concurrent was selected as a supplier for Lockheed Martin’s Aegis Open Architecture program in February 2006.
Aegis is a computer-based weapon system capable of real-time, simultaneous operations against multi-mission threats: anti-air, anti-surface and anti-submarine warfare. Led by Lockheed Martin, the Aegis Open Architecture program aims to move Aegis from a customized system to an open architecture platform through integration of commercial computing technology, allowing the Navy to install software and other technology upgrades faster and cheaper throughout the life of the Aegis fleet.
“We are proud to be a participant in the Aegis Open Architecture program by providing field-proven real-time, deterministic Linux software, tools and support necessary for this mission-critical weapon systems development and deployment,“ said Gary Beerman, Marketing Director, Concurrent. “Concurrent will continue to maximize customer value by providing best-in-class long-term real-time solutions in sync with open source standards and select innovations from the Linux community.“
RedHawk Linux provides fast response to external events, optimized interprocess communication, and high I/O throughput needed for time-critical applications. RedHawk Linux, compatible with the popular Red Hat® distribution, has gained acceptance as a leading real-time Linux operating system for high-performance applications by customers throughout the world. RedHawk Linux guarantees that a user application can respond to an external event in less than 30 microseconds on a dedicated processor.
Concurrent's NightStar for RedHawk Linux is a powerful, integrated tool set for developing time-critical applications. NightStar tools run with minimal intrusion, thus preserving application execution behavior and determinism. Users can quickly and easily debug, monitor, schedule, analyze and tune applications in real-time.
About Concurrent
Concurrent (NASDAQ: CCUR) is a leading provider of high-performance, real-time Linux software and solutions for commercial and government markets. For 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 24 countries. Concurrent's products and services are recognized for being uniquely flexible, comprehensive, robust and reliable. For more information, please visit www.ccur.com.
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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, product availability 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 release schedules, customer demands, accomplish development goals, integrate our products, and deploy integrated solutions.
Important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission on Sept. 1, 2006 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.
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