From Deseret News archives:
MaxStream innovator in modems, more
officer Hugh Nielsen, vice president of business development Nick Mecham and vice president of engineering David Steed were in place could the company achieve its potential.
Steed and Nielsen started Lindon-based MaxStream with another engineer in 1998 to make a cost-effective wireless modem for use in monitoring home electricity meters. The three engineers developed a high-quality product but lacked the sales and marketing expertise to get the word out about what they had.
That's when Brad Walters came in. Fresh from an executive position at a successful tech company, Walters saw the company's potential. His first act was to run a $900 ad in a trade magazine, putting a serious dent in the company's checking account, which held $1,500 at the time.
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