North Tazewell, VA — The PBE Group was among 12 companies chosen to benefit from the Domestic Markets Expansion Program.
No state is more reliant on Department of Defense funding than Virginia. GENEDGE worked with the Governor’s office to design and implement the Virginia Domestic Markets Expansion Program (DMEP), which helps Virginia companies expand their businesses by diversifying into non-defense-related areas. For those companies that qualify and are accepted into the program, DMEP provides specific and targeted services to each individual company to help them enter new markets, develop new products and utilize new market channels to grow their business. This selective program has been offered by GENEDGE over the last two years, serving over 120 DOD supply chain companies, and helping 45 of them create and implement strategies to diversify and grow their businesses through innovative commercial offerings.
In its third year, the program is funded to assist 12 companies that previously benefited from DMEP services continue their commercialization efforts. This new approach enables the program to help each company grow by accelerating the execution of strategic initiatives to firmly diversify their business and help build the New Virginia Economy.
Twenty companies participated in a competitive selection process based on evaluation of their business case for a new, specific business opportunity. The selection panel consisted of 5 members of the GENEDGE Board of Trustees. All companies did a great job of presenting excellent opportunities – making the funding decision extremely competitive. We are pleased to announce that The PBE Group was selected to receive funding to further their commercialization efforts.
The PBE Group is located in North Tazewell, VA. Over the last 45 years, PBE has grown into a global heavy industries technology company that manufactures and supplies safety, monitoring, communications and productivity systems.
The PBE Group intends to introduce its product, the Proximity Alert System (PAS), which is designed and manufactured in North Tazewell, VA. This product’s key function is to serve as a lifesaving instrument that alerts drivers and personnel of potential collisions in various industries, such as, mining, construction, tunneling, and forestry. Four different technologies, RFID, Electromagnetics, GPS and Bi-directional Radar will be combined to generate the most accurate, asset and personnel detection and warning. The PAS System is structured to work well in rugged conditions and harsh environments, such as worksites, warehouses, mines and other hazardous areas.
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