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meridian Submits Proposal to NASA for Commercialization Of Video Enhancement and Biofeedback Technology
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LOS ANGELES, Dec. 31 /PRNewswire/ -- Meridian Holdings, Inc. (OTC Bulletin Board: MEHO), announced today that on behalf of its subsidiaries and affiliated companies, the holding company has submitted a proposal to the National Aeronautics and Space Administration (NASA) for commercialization of NASA's state-of-the-art Video Image Stabilization and Registration (VISAR) technology and video game biofeedback software technology.
Meridian intends to utilize the VISAR technology in various Internet applications to enhance clarity and registration of electronically transmitted photographs and graphics, and the biofeedback technology initially to complement its proprietary technology for use in Internet-based biofeedback, self-regulation training, neuromuscular reeducation, and telemedicine. Additional applications of both technologies are contemplated, with approximately $1 million having been allocated for product development.
"Our proposal to NASA represents an excellent opportunity to make 'highest and best use' of a technology that dovetails elegantly and seamlessly with Meridian technologies already in place, the demand for which is increasing steadily with the proliferation of the Internet. We are exceptionally enthusiastic about the potential and look forward to a determination by NASA during the first half of 2000," said Anthony C. Dike, MD, chairman and chief executive officer.
About Meridian Holdings, Inc.
Meridian Holdings, Inc. is an acquisition-oriented holding company focused on building, operating and managing a portfolio of business-to-business companies. Meridian seeks to acquire majority or controlling interests in companies engaged in e-commerce, e-communication, and e-business services, which will allow the holding company to actively participate in management, operations and finances. Meridian's network of affiliated companies is designed to encourage maximum leverage of information technology, operational excellence, industry expertise and synergistic business opportunity. Meridian is committed to building shareholder value by positioning affiliated companies as independent business entities in which Meridian shareholders enjoy equity participation.
NOTE: Statements in this news release that are not purely historical are forward- |
