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Concurrent Technologies Corporation Again Named One of the World's Most Ethical Companies by Ethisphere Institute

JOHNSTOWN, Pa., March 6, 2013 (GLOBE NEWSWIRE) -- For the second consecutive year, Concurrent Technologies Corporation (CTC) has been named one of the World's Most Ethical Companies by Ethisphere Institute, a leading international think tank. Ethisphere said today that its 2013 list of the World's Most Ethical Companies recognizes organizations that demonstrate leadership in promoting ethical business standards and practices.

According to Ethisphere Institute, "The World's Most Ethical Company recognition highlights companies that outperform industry peers when it comes to ethical behavior. These companies truly embrace ethical business practice and demonstrate industry leadership, forcing peers to follow suit or fall behind.

"A record number of nominations and applications this year is evidence of both the World's Most Ethical Companies' growing recognition by various stakeholder groups and companies' desires to be recognized for their integrity standards and ethical cultures. The 2013 list is the largest list since the award's inception in 2007. Read about the selection methodology and view the complete list of the 2013 World's Most Ethical Companies at http://m1.ethisphere.com/wme2013/index.html."

CTC President and Chief Executive Officer Edward J. Sheehan, Jr. praised CTC employees who he said endorse and embrace a culture of honesty, inclusion and integrity within and without the workplace.

"There is a correlation between ethical behavior and business performance," said Sheehan. "At CTC, success is measured not only by what we do, but how we do it. CTC is a responsible business partner, employer, and community citizen. In all of our relationships, we are guided by the standards detailed in our Code of Ethics and Business Conduct, which is relevant to the way we do business every day. How we do business makes CTC unique. To clients and employees we are a trusted partner where core values matter. For these reasons, the entire CTC family is proud to have been named One of the World's Most Ethical Companies for the second consecutive year." Information on CTC's ethics program is available at www.ctc.com/Public/About/EthicsAndValues.aspx.

About Concurrent Technologies Corporation:

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.

About Ethisphere Institute:

The research-based Ethisphere® Institute is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. More information on the Ethisphere Institute can be found at www.ethisphere.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.