Pegasus Global Holdings Announces Plans to Develop World’s Largest Tech Testing and Evaluation Center
New Mexico facility will offer one-of-a-kind testing for Green & 21st Century Technologies
WASHINGTON, DC- Pegasus Global Holdings, an international technology development firm, is announcing plans to develop The Center for Innovation, Testing and Evaluation (The Center), a first of its scale and scope fully integrated testing and evaluation facility for new and emerging technologies. With offices in Washington, DC; Reston, Virginia; and London, UK, Pegasus Global plans to locate the privately owned, commercially operated facility in the State of New Mexico The Center will resemble a mid-sized American city, including urban canyons, suburban neighborhoods, rural communities and distant localities. It will offer the only of its kind opportunity to replicate the real-world challenges of upgrading existing city infrastructure to that of a 21st Century smart city, operating within a green economy. “The idea for The Center was born out of our own company’s challenges in trying to test new and emerging technologies beyond the confines of a sterile lab environment,” Robert H. Brumley, Pegasus Global’s CEO said. “As entrepreneurs, we saw a global need and stepped up to address it. The Center will allow private companies, not for profits, educational institutions and government agencies to test in a unique facility with real world infrastructure, allowing them to better understand the cost and potential limitations of new technologies prior to introduction." “I am confident this innovative project would provide a great boost to New Mexico’s economy,” Governor Susana Martinez said. “We are pleased to be able to offer the resources, open spaces, and talented workforce required to make this effort a success. My administration is committed to an ongoing relationship with Pegasus that will allow the Center to thrive and create New Mexico jobs.” “I want to thank Governor Susana Martinez for her support. We were drawn to New Mexico by her and her administration’s encouragement of private-sector led, technology-based projects,” Brumley added. “That along with the state’s leadership in science and technology, strong university system, national laboratories, military bases, renewable energy resources, developing commercial space industry, motivated work force, and land availability made New Mexico an ideal location for The Center.” Construction of The Center’s test facilities and supporting infrastructure may require as much as 20 square miles of open, unimproved land. It will be designed to represent the current mix of old and new infrastructure found in most modern U.S. cities. The Center will provide the opportunity for “end-to-end” testing, evaluation and demonstration of new intelligent and green technologies and innovations emerging from the world’s public laboratories, universities, and the private sector with the goal of determining the direct and indirect benefits and costs the innovations tested would have on our existing infrastructure. For example, this controlled environment would permit evaluation of the positive and negative impacts of smart grid applications and integration of renewable energies for residential, commercial and industrial sectors of the economy. Additional testing opportunities would include technologies emerging in intelligent traffic systems, next-generation wireless networks, smart grid cyber security and terrorism vulnerability. The Center will derive its revenue from access charges and user fees as well as from the sale of excess utility output, such as power generation, water treatment, and wireless infrastructure. No permanent population will reside within its boundaries. Pegasus Global has entered into a Memorandum of Understanding with the State of New Mexico to facilitate the quantification of the feasibility, scope and scale of The Center. A feasibility study will be conducted by Pegasus Global and its partners over the next five months which will analyze all aspects of location, evolution, construction, operation, financial viability and economic impact on the area where The Center may be located. Pegasus Global intends to privately finance The Center and anticipates 350 direct jobs and 3,500 indirect jobs, to be created in its design, development, construction and ongoing operation. The State of New Mexico is providing non-financial resources and assistance to Pegasus Global in order to facilitate the feasibility study.
About Pegasus Global Holdings
For the past 10 years, Pegasus Global Holdings ("Pegasus") has developed a solid reputation in successful technology development. Pegasus is a recognized leader in telecommunications in North America and Europe. Pegasus is also a US Government authorized prime vendor and manufacturer of defense equipment and technologies. Pegasus has a proven expert in commercializing military technologies for the global marketplace – in strict compliance with national laws and regulations pertaining to export controls – and the militarizing of global commercial technologies as COTS solutions for the DOD and other U.S. government agencies. Pegasus sources intellectual property throughout the world through its global subsidiary, Perseus Global, LTD (UK), and affiliates as well as public and private entities. Pegasus' strategy is to match "sourced IP with immediate customer requirements", capitalizing on the basic research and development already performed and expensed by the inventor or innovator. Through its unique "IP to Market" licensing strategy, Pegasus offers the innovator or inventor, public or private, an immediate channel for their product in exchange for a success-based royalty structure. Once licensed, Pegasus takes on the financial risk of prototyping, manufacturing, distribution and service to the customer.