The iWebGate " internet within the Internet " ( my description) is a profound technology heading towards being indispensable for users and devices worldwide.
(" Devices "include phones , tablets and sensors on anything.
The broader market is not yet aware of just how significant the impact can be on their security and systems usage through ( my words again ) the creation of a "separate intervening Internet ".
TSWG the USA Government interagency was absolutely spot on in the Grand Final of the Global Security Challenge in London when they identified the massive future potential in iWebGate's developing technology. Four years later the commercialisation at scale now appears to be kicking off.
Time horizons are important and judging from the last ASX Quarter report it is going to take time to build up sales momentum. What will be important is the case examples of what kind of deployments and usage are taking place. Successful template deployments are reliable foundations for extrapolating achievable market size and value.
The technology is an entirely new category of capability which
majors in the market have generally overlooked.
From a security point of view amongst many benefits is the ability to achieve attributes of a "stand alone ' type of environment.
The new board appointments are timely , seem extremely competent and well connected .
I'm looking forward to seeing results and forecasts
of sales, their time horizons and what the flow on effect for earnings/ value per share
might be.
IWG Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held