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Mediacom and Concurrent Achieve a VOD Industry Milestone

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Mediacom and Concurrent Achieve a VOD Industry Milestone Mediacom and Concurrent Achieve a VOD Industry Milestone May 7, 2002 MIDDLETOWN, N.Y. & ATLANTA, May 7, 2002 (BUSINESS WIRE) -- The Industry's First Commercial Deployment of Advanced Interactive Television Over Motorola's NAS System Mediacom Communications Corporation (Nasdaq:MCCC), the nation's 8th largest cable television company, and Concurrent Computer Corporation (Nasdaq:CCUR), the pioneer and market leader in North American Video-On-Demand (VOD) commercial deployments, today announced the industry's first commercial deployment of VOD over Motorola's National Authorization Service (NAS). The extensive integration of the industry's leading video server platform, Concurrent's MediaHawk(R) VOD System, into Mediacom's complex Headend in the Sky (HITS) based network enables Mediacom to offer the most advanced iTV services to Main Street America. The full-scale deployment of VOD will pass 40,000 homes in the greater Mobile, Ala. area. Mediacom plans to deploy VOD in several additional new markets by the end of the year. Undertaking a significant integration effort across several technology platforms, this solution allows interactive content to be propagated and managed over satellite and transmitted to Mediacom's master headends and then distributed to their broadband customers, offering them advanced interactive TV services driving Revenue Generating Units (RGUs) and improving financial performance. "VOD is an extremely compelling value-add to our subscribers," stated Joseph Van Loan, Mediacom's senior vice president of Technology. "Our goal is to continue to add to our already widely accepted bundle of advanced broadband services. Integrating the most scalable, reliable, and flexible VOD technology platform powered by Concurrent's market-leading technology allows us to realize that objective." "Mediacom's selection of our VOD system solution and the successful commercial deployment of VOD over the NAS system demonstrates our extensive integration experience and high commitment to execution," stated Jack Bryant, Concurrent president and CEO. "Concurrent remains focused on leading the evolution of on-demand entertainment." Concurrent's MediaHawk Video Server offers broadband operators the industry's most space-efficient, reliable, and cost-effective video server platform available today. A scalable, high-performance server system, the MediaHawk is optimized for the demanding requirements of end-to-end iTV applications. Concurrent's MediaHawk Broadband VOD System is an end-to-end VOD business solution featuring the MediaHawk Video Server and MediaHawk Business Management System (BMS). The MediaHawk BMS includes a complete system for managing content, subscriber demographic information, transaction and usage analysis, billing, and order fulfillment. Concurrent's VOD technology enables subscribers to use a digital set-top box to instantly call up digital movies and other programming from a list that includes major movie titles and control their selected movie with VCR-like functionality including fast forward, pause, and rewind. About Mediacom Communications Mediacom Communications is the 8th largest cable television operator in the United States, with cable systems passing approximately 2.6 million homes and serving approximately 1.6 million basic subscribers in 23 states. The Company offers a wide array of broadband products and services, including traditional video services, digital television, and high-speed Internet access. The Company was founded in July 1995 by Rocco B. Commisso to acquire and operate cable television systems serving principally non-metropolitan markets in the United States. More information about Mediacom can be accessed on the Internet at: http://www.mediacomcc.com. About Concurrent Concurrent Computer Corporation (http://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 broadband VOD and rich streaming media applications such as corporate training, education, hospitality, and digital video- to-the-home. Concurrent is also a leading provider of high-performance, real-time computer systems, solutions, and software for commercial and government markets. Concurrent's 35-year-old Real-Time business focuses on strategic market areas that include hardware-in-the-loop and man-in- the-loop simulation, data acquisition, industrial systems, and software. 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 VOD and rich streaming media industries and has become a market leader. Today, Concurrent's worldwide broadband VOD and rich streaming media trials and deployments include: AOL Time Warner Cable - 15 markets; Beijing Fengtai Cable - China; Blue Ridge Communications - Pennsylvania; Cogeco Cable - Quebec and Ontario, Canada; Comcast - 9 markets; Cox - 3 markets; Horizon.com - Singapore; Mediacom - one market; NXTV Inc. - 4 hotels; OLYMPUS Optical - Hamburg, Germany; Safari Technologies - 16 educational institutions throughout North America; Shanghai Telecom - China; and VOD Pty Ltd./TransAct - Australia. Certain statements made or incorporated by reference in this prospectus may constitute "forward-looking statements" within the meaning of the federal securities laws. When used or incorporated by reference in this prospectus, the words "believes," "expects," "estimates," and similar expressions are intended to identify forward-looking statements. Statements regarding future events and developments 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. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. The risks and uncertainties which could affect our financial condition or results of operations include, without limitation: - availability of video-on-demand content; - delays orcancellations of customer orders; - changes in product demand; - economic conditions; - various inventory risks due to changes in market conditions; - uncertainties relating to the development and ownership of intellectual property; - uncertainties relating to our ability and the ability of other companies to enforce their intellectual property rights; - the pricing and availability of equipment, materials and inventories; - the limited operating history of our video-on-demand segment; - the concentration of our customers; - failure to effectively manage growth; - delays in testing and introductions of new products; - rapid technology changes; - demand shifts from high-priced, proprietary real-time systems to low-priced, open server systems; - system errors or failures; - reliance on a limited number of suppliers; - uncertainties associated with international business activities, including foreign regulations, trade controls, taxes, and currency fluctuations; - the highly competitive environment in which we operate; and - the entry of new well-capitalized competitors into our markets. Other important risk factors are discussed in our Current Report on Form 8-K, dated October 22, 2001, incorporated herein by reference. 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. 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 http://www.ccur.com. Concurrent Computer Corporation, its logo, pTV, pVC, and MediaHawk are registered and unregistered trademarks of Concurrent Computer Corporation. All other product names are trademarks or registered trademarks of their respective owners. CONTACT: For Concurrent Computer Corporation HighTech Public Relations, Inc., Orlando, Fla. Tammy Snook, 407/667-9355 [email protected] or Concurrent Computer Corporation, Atlanta Walt Ungerer (Analysts/Investors), 678/258-4103.
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