Using Concurrent's MediaHawk Streaming Media System, NXTV will provide digital VOD movies with enhanced TV functionality such as pause, rewind, fast forward and introducing a bookmark feature, which allows hotel guests to stop and restart movies over a 24-hour period. The NXTV system will also enable high-speed Internet TV and laptop access, e-mail access, video and data conferencing, video games, and specialized phone services, all delivered by NXTV's Broadband Delivery System over a hybrid fiber/VDSL network. The NXTV System, supported by Concurrent's MediaHawk, is now successfully running at the award-winning Peninsula Beverly Hills Hotel and is currently being installed at the Hotel Bel-Air, St Regis Monarch Beach, the Century Plaza Hotel & Spa, and the St. Regis Los Angeles properties.
"Our vision has always been the convergence of information, entertainment, communications, and commerce related services with the TV," said James Miles, NXTV president and CEO. "After researching video servers and choosing Concurrent's MediaHawk for the Peninsula Beverly Hills Hotel, we felt that the MediaHawk was the best solution for the high-end hotel market because of the server reliability and the support offered by Concurrent."
Jack Bryant, Concurrent president and CEO, said, "NXTV is a leading provider of digital broadband services to the hospitality and residential markets, and Concurrent is proud to have been selected to provide the streaming media solution for its end-to-end hospitality system. As the demand for interactive entertainment increases, Concurrent continues to provide a superior solution that spans the multi-faceted spectrum of digital video applications, including the hospitality market." He added, "We look forward to expanding our partnership with NXTV as we work together to take digital entertainment and Internet services to the next level for our customers."
Concurrent's MediaHawk VOD System is a comprehensive end-to-end solution, including integrated hardware and software. A primary component of the system is the MediaHawk Video Server, which is a high-performance, scalable, digital video server that supports MPEG1 or MPEG2 digital video streams on broadband networks, including hybrid fiber coax cable systems as well as DSL, ATM, and IP-based networks. Concurrent's VOD technology enables users to instantly call up digital content from a list of titles and control their selected content with VCR-like functionality, including fast forward, pause, and rewind. Concurrent's MediaHawk VOD System offers industry-leading performance and provides the most reliable response time achievable in the worldwide marketplace today.
About NXTV
Founded in 1997, NXTV, Inc., a Delaware Corporation, is a provider of digital broadband delivery systems to both the hospitality and residential markets. Since inception, the company has assembled an experienced management team, developed a powerful and revolutionary proprietary technology, and established a strong network of world-class strategic partners. For more information visit NXTV at www.nxtv.com.
NXTV is located at 5955 DeSoto Ave., Suite 160, Woodland Hills, Cal. 91367; phone 818/227-1225; fax 818/226-3947; www.nxtv.com. Media Contact: Richard Jenkins, VP Sales & Marketing, ext. 201.
About Concurrent
Concurrent Computer Corporation (www.ccur.com) is a leading provider of high-performance computer systems, software, and servers. Concurrent Computer Corporation's XSTREME Division is a leading supplier in the emerging digital video server marketplace. This market includes the broadband/cable, corporate training, education, hospitality, and in-flight entertainment industries. Operating worldwide, Concurrent provides sales and support from offices throughout North America, Europe, Asia, and Australia.
Concurrent brings over 35 years of real-time experience to the broadband industry, and in a very short time has become a leader in broadband VOD. Concurrent is positioned to meet the pent-up demand for interactive television services - movies-on-demand and e-commerce over the television. Current VOD and e-commerce trials and launches include: AOL Time Warner Cable - Oceanic Cable; AOL Time Warner Cable - Tampa Bay; Beijing Fengtai Cable - China; Cogeco Cable - Quebec and Ontario, Canada; Comcast - eight systems with locations to be announced; Cox - Hampton Roads; Cox - Phoenix; Cox - San Diego; Horizon.com - Singapore; Shanghai Telecom - China; and VOD Pty Ltd./TransAct - Australia.
"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. A variety of factors could cause the Company's actual results to differ from the anticipated results expressed in such forward-looking statements. Investors are referred to the Company's Risk Factors included in Registration Statement on Form S-3/A filed on July 16, 2001, which statements are incorporated into this news release by reference.
Note to Editors: For additional company or product information from Concurrent Computer Corporation, please contact Concurrent Computer Corporation, 4375 River Green Parkway, Duluth, GA 30096. Call toll free in the U.S. and Canada at (877) 978-7363, fax (678) 258-4199. Readers can also access information through the company's Web site at www.ccur.com.
Concurrent Computer Corporation is a registered trademark and MediaHawk is a trademark of Concurrent Computer Corporation. All other products are trademarks or registered trademarks of their respective owners.
