Pegasus Global Holdings creates United Kingdom subsidiary for Global IP Sourcing and Development
London, United Kingdom – April 22, 2008 – Pegasus Global Holdings (Pegasus) announced today that it has decided to grow its reach into international markets by creating its subsidiary Perseus Global Limited to help source and develop global intellectual property to meet our customers’ requirements. Perseus Global, LTD, a wholly owned United Kingdom subsidiary of Pegasus Global Holdings, was formed to seek two-way opportunities between the global marketplace and the United States for advanced innovative technology solutions and services. Through a unique “IP to Market” licensing strategy, Perseus 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. “Pegasus has taken a bold step in growing its reach to identify technologies that meet the requirements of its customers by creating Perseus,” said Bob Brumley, Managing Director of Pegasus Global Holdings. “By creating a foothold in the United Kingdom, Pegasus has successfully created an "Atlantic Bridge" to greatly increase its capability to meet our customer’s needs." Headquartered in Washington, D.C., Pegasus Global Holdings is a global IP development firm that develops technologies in order to meet requirements from our commercial and military customers. Pegasus is a worldwide organization and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.