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Micro-Cap Receives Follow-On Purchase Order for Gulf of Mexico Oil Cleanup
By: AllPennyStocks.com News
August 4, 2010
There has been enough shame to go around concerning the tragic oil spill into the Gulf of Mexico, one of the greatest environmental disasters of our time. But there have also been stories of companies rescuing the eco-structure – and the good name of corporate citizenship with it – by helping with the cleanup efforts.
In the first week of August, Washington, D.C-headquartered IceWEB, Inc. (OTCBB:IWEB), received a follow-on order to assist the United States in monitoring the oil spill disaster and clean up in the Gulf of Mexico. IWEB provided an emergency Geospatial Storage solution early on in the crisis. The additional order will assist the recovery team in analyzing data between the spill and BP (NYSE:BP) Headquarters in Houston.
Incorporated in 1994, IWEB, whose bread and butter is in supplying Unified Data Storage and building blocks for cloud storage networks, has been highly successful in the federal computing space working with unstructured geospatial data, as well as managing and storing block data as an ASP in the enterprise and federal space.
The IceWEB Storage System is a high-performance unified storage platform for file and block data of all kinds that’s easy to install, and provides built-in, all-inclusive storage management features including de-duplication; unlimited snapshots; thin provisioning; local or remote, real-time or scheduled replication; capacity and utilization reporting, and VMware integration.
The IWEB Storage System can simplify companies’ data storage while offering the performance and functionality expected from an enterprise-class platform. The system offers sophisticated yet simple-to-use data protection capabilities and an advanced suite of inter-connects and disk drives, providing enterprise-class storage at prices that make sense, according to company literature.
And this success has not been lost on the business media: IWEB was twice named Inc. Magazine’s 500 Fastest Growing private American corporations and was recognized as Deloitte & Touche Technology Fast 500 North American public or private technology companies.
Following on this success, the company developed and expanded on the rich storage management features to bring to market a versatile, all-inclusive storage system aggressively priced for the commercial mid-market space.
IWEB stock hit its gulch for the last 52 weeks early in July, when its price dipped to 10.5 cents. Its high point came in late April, before markets turned queasy, at 47 cents. The news about the follow-on contract in the Gulf brought buyers back into the market, with more than 360,000 shares changing hands on August 4, with the price marching forward to 17 cents. With more companies like IWEB helping to make the Gulf spill just a bad memory, more glad tidings could be coming the way of small cap investors interested in this revolutionary technology.
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