Concurrent Announces $10 Million Credit Facility

By: Finance News

Concurrent (NASDAQ: CCUR), a worldwide leader of on-demand technology that is shaping the future of television, announced today that is has secured a $10 million credit facility with Silicon Valley Bank, the commercial banking arm of SVB Financial Group (NASDAQ: SIVB). This new facility is a replacement for the existing facility that was set to expire on December 23, 2006. To date, Concurrent has not accessed the available credit facility but plans to roll the existing term loan into the new facility. The amount available under the credit facility will be dependent on Concurrent’s outstanding accounts receivables and other factors.

“SVB’s agreement to this new credit facility is a vote of confidence in our business plan and our product lines,” stated Greg Wilson, CFO of Concurrent. “This continued access to working capital will strengthen our financial flexibility and allow us to grow our business both domestically and overseas.”

Concurrent VOD solutions are deployed worldwide with major multi-system operators (MSOs) such as Time Warner, Comcast, BrightHouse, J:COM and Cox Communications; it recently announced the deployment of its millionth VOD stream. Earlier this year, Novell announced that it would make available SUSE® Linux Enterprise Real Time, enabling customers to realize the benefits of Linux for real-time applications. SUSE Linux Enterprise Real Time from Novell® adds real-time technology from Concurrent to the flexible and scalable SUSE Linux Enterprise 10 platform.

About Concurrent

Concurrent (NASDAQ: CCUR) is a leading provider of high-performance, real-time Linux software and solutions for commercial and government markets. For over 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.

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, 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 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.

Concurrent Computer Corporation its logo and Everstream and its logo are registered trademarks of Concurrent Computer Corporation. All other Concurrent product names are trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners. Linux® is used pursuant to a sublicense from the Linux Mark Institute.

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