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

JOHNSTOWN, Pa., March 16, 2012 /PRNewswire/ -- Concurrent Technologies Corporation (CTC) has been named one of the World's Most Ethical Companies by Ethisphere Institute, a leading international think-tank.  The sixth annual list highlights organizations that demonstrate leadership in promoting ethical business standards and practices.

"CTC is honored to be named one of the World's Most Ethical Companies," said Edward J. Sheehan, Jr., CTC's President & Chief Executive Officer.  "At CTC, success is measured not only by what we do, but how we do it.  We go well beyond making statements about doing business in an ethical manner.  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."

Through in-depth research and a multi-step analysis, Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries.  The methodology behind the World's Most Ethical Companies list includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.  The complete list of the World's Most Ethical Companies is available at http://ethisphere.com/wme. 

The 2012 winning organizations were recognized at the World's Most Ethical Companies Honoree Dinner held Thursday, March 15, 2012, in New York City.  Mr. Sheehan attended the awards dinner on CTC's behalf along with Margaret DiVirgilio, Senior Vice President & Chief Financial Officer, John Bartholomew, Ethics Officer, and several other CTC employees.  Former U.S. Secretary of State Madeleine K. Albright was the dinner's keynote speaker and shared her insights on the geopolitical environment in her speech.

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.  Ethisphere provides the only third-party verifications of compliance programs and ethical cultures that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™.  More information on the Ethisphere Institute can be found at http://www.ethisphere.com.

SOURCE Concurrent Technologies Corporation