JOHNSTOWN, Pa., Aug. 14, 2013 (GLOBE NEWSWIRE) -- Concurrent Technologies Corporation (CTC) has been recognized as one of Centurion Research Solutions' Fiscal Year 2012 (FY12) Top 100 Research and Development (R &D) Federal Contractors. According to Centurion, CTC was among more than 6,900 unique vendors who collectively had more than $52 billion in R &D contract activity. CTC ranked in the 54th spot on the list.
Centurion Research Solutions is a business intelligence and analytics company. This is the first year Centurion released lists of the Top 100 Federal Contractors in seven different industries. Those industries are: Operations & Maintenance, Architecture & Engineering, Construction, Education & Training, Healthcare, Research & Development, and Support.
"I was pleased to learn that CTC made Centurion's Top 100 R &D Federal Contractors list," said Edward J. Sheehan, Jr., CTC President & Chief Executive Officer. "As a nonprofit organization, CTC conducts innovative and transformative applied research and development activities that result in reliable, unbiased solutions. We are relentless in assisting our clients in achieving their missions. We are able to accomplish our objectives through the work and commitment of our highly motivated and dedicated employees. Our successes are a result of the appreciation that our clients have for our work and the confidence they have in our extraordinary people."
In the R &D category, the companies identify, provide and implement new or significantly improved products or processes. This includes development of new equipment, weapons, vehicles, vaccines, and more. Centurion identified the Top 100 R &D Federal Contractors based on 542 unique Product Service Codes (PSC), which are used to describe products, services, and R &D purchased by the federal government.
One example of CTC's R &D prowess can be seen through the Advanced Robotic Laser Coating Removal System (ARLCRS) that was developed as part of the ongoing, CTC-led U.S. Air Force Laser Coating Removal Program. The ARLCRS has received the 2013 Gold Edison Award in the Material Science Category while the program itself has been awarded the 2011 Society of Automotive Engineers' Environmental Excellence in Transportation Award, and the Environmental Security Technology Certification Program Project of the Year Award in 2009 and 2005.
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 http://www.ctc.com/.
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Source:Concurrent Technology Corp.