(printer friendly version)

Atlanta, Georgia, January 22, 2001 -- Concurrent Computer Corporation (NASDAQ:CCUR) today announced a strategic partnership with Federal Hill Communications, a recognized industry leader in the licensing and marketing of digital content for Video-On-Demand (VOD) delivery worldwide. The two companies are already working together on a project with a major Australian client.

Concurrent Computer, the leading provider of VOD solutions, entered into this relationship to further address the content needs of international customers. Federal Hill, globally acknowledged as "the Digital Link to Hollywood," has agreed to negotiate and license Hollywood movies (feature film productions and ancillary entertainment content on behalf of Concurrent's clients. Federal Hill specializes solely in the procurement of digital content, which includes feature films, documentaries, biographies, lifestyles, animation, sports, series, how-tos, games, and music. Federal Hill distinguishes itself by tailoring program offerings for VOD providers based on the specific needs, geographic location, demographics and cultural nuances of the client's targeted viewership.

Jack Bryant, president and CEO of Concurrent, stated, "We are delighted to be working with Federal Hill. Working with our international customers to obtain quality content and then managing the licensing issues is always a critical factor when deploying Video-On-Demand. This strategic relationship with Federal Hill allows Concurrent to offer a complete end-to-end solution for the worldwide VOD market."

Bethany Gorfine, president of Federal Hill, added, "Federal Hill serves as the clients' programming division. We furnish customized programming to VOD providers strategically targeted to the geographic locations, regional demands and subscribers' needs. Moreover, this alliance enhances our unique position in becoming the consummate content aggregator and marketer worldwide."

Gorfine continued, "Our companies share a global vision. Concurrent’s clientele consists of cable operators, telcos, hospitality, and power and utility companies worldwide. Concurrent’s focus fits perfectly with Federal Hill's vision of delivering content ultimately to the end user on a global scale."

Concurrent Computer Corporation has taken 30 years of high-performance, real-time computer technology and has optimized it for the exploding Video-On-Demand (VOD) market. Concurrent’s MediaHawk™ Broadband VOD System includes the MediaHawk Video Server and Broadband VOD BackOffice Business Management System (BMS), which is a comprehensive system for operations and business management. The MediaHawk Video Server is a high-performance, scalable, digital video server that offers industry-leading performance and provides the most reliable response time achievable in the worldwide marketplace today. Concurrent’s VOD technology enables subscribers to use a digital set-top box to instantly call up digital movies from a list of major movie titles and control their selected movie with VCR-like functionality including fast forward, pause, and rewind.

About Federal Hill
Federal Hill Communications, a leading independent source of programming worldwide, was established in 1993 to license and distribute digital entertainment and Video-On-Demand content, including feature films, television, music, sports, games, and information programming. The company provides expertise in content programming and licensing, broadcast TV and cable network distribution, marketing, and branding. Federal Hill has forged strategic relationships with industry leaders such as Alcatel, Pixstream (Cisco), Shaw Cable, Civic Video, Sprint, Four Seasons, Motorola, Oracle, The Ritz Carlton Hotels, Storage Concepts, and Sun Microsystems. The company's web site is located at www.fedhill.com.

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 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 30 years of real-time experience to the broadband industry, and in a very short time has become the undisputed leader in broadband VOD. As the newcomer to the industry, Concurrent’s VOD performance speaks for itself. Concurrent is uniquely positioned to meet the pent-up demand for interactive television services – movies-on-demand and e-commerce over the television. In a July 2000 report, Forrester Research predicted that by 2005, the overall interactive television market is expected to generate revenues of more than $48.2 billion. Current VOD and e-commerce trials and launches include: Beijing Fengtai Cable – China; Cox – Phoenix; Cox – San Diego; Horizon.com – Singapore; Shanghai Telecom – China; Time Warner Cable – Oceanic Cable; Time Warner Cable – Tampa Bay; and Comcast Cable – trial in undisclosed location.