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26th February
Pegasus Opens With 90 Employees; Plans For Hundreds
By Quincy Parker
At the grand opening of Pegasus Wireless Corporation in Freeport, company officials announced their intention to relocate the company’s corporate offices from the United States to Freeport, and to hire more than 200 more Grand Bahamians.
At what was billed as a gala opening of the new company, which according to the government has spent $5 million already in Grand Bahama just to get its doors open, CEO Jasper Knabb outlined how the company would be a community partner.
Mr. Knabb is the company’s major shareholder and CEO, and is credited with "inventing" wi-fi (wireless local area networks) in the late 1990s.
According to Mr. Knabb, Pegasus will donate two computer labs to the Hugh Campbell Primary School and the Freeport Anglican High School, and 10 yearly scholarships to the College of The Bahamas.
Ninety Bahamians are currently employed at the multimillion-dollar Pegasus Wireless facility, located on West Settlers Way and Oak Street, and according to company officials the company expects to ramp up its staff complement over the next few months to nearly 300.
According to Pegasus’ lawyer, Marco City MP Pleasant Bridgewater, Mr. Knabb expects these jobs to be "well paid, long term jobs."
"He and his company are committed to training and the company will initiate a training programme with all of the high schools on the island, BTVI (the Bahamas Technical and Vocational Institute) and the College of The Bahamas," Ms. Bridgewater said.
"He has also been asked by Prime Minister Perry Christie to partner with the government in a national training initiative which was launched last week in the nation’s capital."
Pegasus recently launched a new wireless video-streaming technology, CYNALNX – it’s a wireless display and media adapter that allows users to stream video and images from their computers to televisions and other display devices.
According to company officials, the product was awarded this year’s Technical Excellence Award by PC Magazine.
Prime Minister Christie also spoke at the opening on Thursday, and told those gathered that Mr. Knabb had been so committed to getting Pegasus off the ground in Freeport that he had not even sought concessions from the government.
Mr. Christie added that he had been informed that Mr. Knabb has suggested that based on the success of the Freeport operation, he would transfer his company’s operations out of Taiwan and China to Grand Bahama.
According to Mr. Christie, Grand Bahamians must have the "will" exhibited by Mr. Knabb, who said he was determined not to let his employees and The Bahamas down.