Teleste Educational, Ltd. and Concurrent Computer Corporation Sign Key Partnership Agreement
LAS VEGAS, Nevada--November 15, 2000--Teleste Educational, Ltd. (HEX: TELIV), the renowned leader in the global educational market as a developer and supplier of technology enhanced solutions for learning environments, today announced during Fall COMDEX 2000 a key partnership agreement with Concurrent Computer Corporation (CCUR: NASDAQ), the leading provider of high performance computer systems, software, and servers worldwide. The cooperative effort will offer digital educational solutions via value-added resellers in the U.S. and Canada.
The agreement leverages the diversified and strong capabilities of both organizations. Concurrent will provide its video-streaming server, MediaHawk Digital Server, in concert with Teleste's software product suite, DIVACE, a digital multimedia center, and Library Pilot, a media storage and resource management system. The combined products will replace traditional tape-based media retrieval with a new level of sophistication for the rapidly emerging digital educational market.
The Teleste and Concurrent joint solution offering is being demonstrated this week during the show at Teleste's booth, #S1462, FinPro Pavilion. Tuomo Lehtovirta, president, Teleste Educational, L.L.C., based in Miami, Florida, and Dave Spindle, Central Regional manager, Intranet VOD, Concurrent Computer, headquartered in Atlanta, are available for discussion.
ABOUT CONCURRENT COMPUTER CORPORATION:
Based in Atlanta, Georgia, Concurrent Computer Corporation is the leading provider of high performance computer systems, software, and servers worldwide.
Concurrent's Video-on-Demand Division (Xstreme) is the leading VOD solution provider in the emerging digital video market. This market includes broadband cable, DSL, corporate training, education, hospitality, and in-flight entertainment.
For more information, visit Concurrent's site at www.concurrentcomputer.com.
ABOUT TELESTE:
Teleste Educational is a division of Teleste, the international technology Group specializing in broadband telecommunications networks, TV signal distribution and control equipment and multimedia environment for language learning. Teleste has enjoyed a leading position for over thirty years in the global educational market as a developer and supplier of technology enhanced solutions for learning environments. From language laboratories to digital, multimedia resource centers, the Company has designed and deployed over 15,000 learning systems in schools of various levels, colleges, and university centers in 90 countries worldwide. With more than 400,000 students enrolled in these educational establishments, languages, and other cross-curriculum, Teleste's customers have relied on the Company's solutions to train millions of students in foreign languages and other cross-curriculum areas. For more information, visit Teleste's site, www.teleste.com.
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