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Concurrent Technologies Corporation Awarded Basic Ordering Agreement

JOHNSTOWN, Pa., Dec. 12, 2012 (GLOBE NEWSWIRE) -- Concurrent Technologies Corporation (CTC) is one of 14 awardees of a Basic Ordering Agreement (BOA) to provide research and development support to the Naval Surface Warfare Center (NSWC) Crane Division. The multiple award BOA has a three-year period of performance and is valued at $49 million.

CTC will provide wide ranging support for research and development, focusing on the areas of conventional ammunition, special operations hardware, electronic warfare systems, radar systems, energy and power systems, electro-optics systems, and obsolescence management.

"CTC has supported NSWC Crane in various capacities for over 10 years," said Edward J. Sheehan, Jr., CTC President & Chief Executive Officer. "We're pleased to have the opportunity to continue to work with this important client and to provide innovative technology solutions that will aid our warfighters."

NSWC Crane provides technical engineering solutions and total lifecycle leadership for many of the systems that protect and enable America's military forces. The key areas of expertise are special missions, strategic missions, and electronic warfare/information operations.

"This award exhibits CTC's dedication to our client at NSWC Crane," said Rick Whitson, CTC Program Manager. "Our team values the continued relationship as an industry partner and is committed to support research and development efforts that focus on traditional science and engineering disciplines."

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.





The Concurrent Technology Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14234

The 25th Anniversary logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14235

CONTACT: Media Contact: Mary Bevan 814-269-2490 or bevanm@ctc.com

Source:Concurrent Technology Corp.