IceWEB Wins $300,000 Contract
DULLES, Va.--([ BUSINESS WIRE ])--IceWEB, Inc. (OTCBB:IWEB), [ www.iceweb.com ], a storage technology and network security solutions company announced today it has been awarded a $300,000 contract to provide security access control in a STorage Oriented Architecture (STOA) network environment.
The installation will require users to enter two separate pieces of information via the internet/intranet to establish identity and privileges. This two-factor authentication will reduce the risks associated with password-only systems. The system requires authorized users to provide something they know (like a name and PIN) plus something they have (like a smart card or token).
"The STOA market is expanding exponentially. Customers are driving demand for off-site secure storage applications. Security in a data storage environment is a prerequisite for any organization. IceWEB's products and services are specifically designed to meet the proprietary demands in the Federal and targeted commercial GEOSPATIAL markets," said John. R. Signorello, Chairman and Chief Executive Officer of IceWEB. "Orders like this where our products and services are delivered in a proprietary solution is what IceWEB is all about; delivering network security and storage solutions to customers seeking state-of-the art technology from an innovative, knowledgeable Company with technical know-how and professional support services."
The contract will be delivered to the customer in the Company's current 2nd fiscal quarter which ends March 31, 2009.
About IceWEB, Inc.
Through its own suite of proprietary offerings and partnerships with numerous global technology leaders, IceWEB, Inc. delivers high-performance storage solutions, advanced hardware, software, and online services to U.S. government agencies, enterprise companies, small to medium sized businesses (SMB) and tech-savvy consumers. For more information, please visit [ http://www.IceWEB.com ].
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to business conditions and the amount of growth in the computer industry and general economy, competitive factors, and other risks detailed from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q. The Company does not undertake any obligation to update forward-looking statements.