The founders of Meld Technology were developing hardware to broadcast terrestrial HDTV signals to provide localized content to stadium, concerts and other in-venue applications. Armed with a prototype and an initial purchase order, Meld needed to provide mass production units within six months.
Following discussions regarding the key technologies involved (RF and AV technology), PeriCentric identified a manufacturer of wireless AV products with the capabilities to finish production engineering, manufacturing and assembly. By leveraging the capabilities of the industry partner, Meld was able to acquire instant manufacturing and testing know how including access to specialized AV components that would be more difficult to procure in small quantities.
In connection with the manufacturing partnership, PeriCentric arranged bridge financing for the tooling and initial product manufacturing.