UK, ProVision Receives $1.7M Equity Investment
Summary
ProVision Communications, a Bristol, UK-based developer of a wireless high definition television (HDTV) technology, has received a $1.7m investment., a Bristol, UK-based developer of a wireless high definition television (HDTV) technology, has received a $1.7m investment.Commenting on the investment, Julian Dennard from YFM Group, was quoted as saying: “This latest round of funding will enable the new management team to build on its long term product strategy to focus on extending the technology into a wide range of other consumer electronics products including set top boxes, PC’s, mobiles, Blu-ray players and camcorders”.ProVision has developed a technology that uses the same wireless network and video encoding technologies found in PCs and mobile phones to stream multiple live high definition TV signals to any room of the home.The company’s send-and-receive technology will be sold to a diverse array of manufacturers and integrated into new set top boxes and HDTVs.