Concurrent Technologies Corporation Awarded $9 Million Contract Ceiling Increase from United States Army Space and Missile Defense Command/Army Forces Strategic Command

CTC to Provide Software Engineering, Development, and Programming Activities in Support of USASMDC/ARSTRAT

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| Source: Concurrent Technology Corp.

JOHNSTOWN, Pa., May 30, 2014 (GLOBE NEWSWIRE) -- The U.S. Army Space and Missile Defense Command/Army Forces Strategic Command (USASMDC/ARSTRAT) has exercised an option to raise the ceiling value of Concurrent Technologies Corporation's (CTC's) contract by an additional $9 million and to extend the period of performance until March 2015. CTC has been awarded over $30 million from the USASMDC/ARSTRAT since the initial contract award in 2008.

"The increased ceiling value along with the extended period of performance is a true testament to the technical competence of our staff and the government's trust in CTC to deliver innovative solutions," said Edward J. Sheehan, Jr., CTC President & Chief Executive Officer. "We are proud to continue our work in support of our nation's warfighters."
 
CTC provides software engineering, development, and programming activities in support of USASMDC/ARSTRAT in missions related to the Exportable Combat Training Centers (E-CTC) program, the Advanced Distributed Learning (ADL) program, and the Reactive Information Propagation Planning for Lifelike Exercises (RIPPLE).
 
"We have been serving as a trusted partner to USASMDC/ARSTRAT since 2008," explains Dr. Kamal Gella, CTC Program Manager. "From July 2013 through March 2014, USASMDC/ARSTRAT awarded $2.2 million to CTC. The latest exercised option gives us the opportunity to further advance our client's mission of Force Modernization through evolving training technologies."
 
Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization providing innovative management and technology-based solutions to government and industry.  As a nonprofit 501(c)(3) organization, CTC's primary purpose and programs are to undertake applied scientific research and development activities that serve the public interest.  For more information, visit www.ctc.com.

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