Thinspace Technology Inc (OTCMKTS:THNS) Increases Client Base in South America

Thinspace Technology Inc (OTCMKTS:THNS) reported that its strategic associate in Peru, Tecnosys has finalized new deals with two government organizations in Peru. The two partners obtained two government contracts with Sedapal and ANA, the two organizations that look after national water administration and water supply, respectively.

The details

With vast number of government employees, these two entities use Thinspace technologies to manage, deploy, and oversee installed virtual desktops and application in the government infrastructure. The solutions integrated with the professional services of Tecnosys reduce the technical complexities of offering desktop and application virtualization.

The expert comments

Antonio Macchiavello, the General Manager of Tecnosys, said that in the last five years Tecnosys focus has remained on virtualization offerings on government accounts. The company’s clients find that Thinspace offerings enhances value to their daily activities and find it is cost-effective compared to other available solutions in the market, including Citrix and Graphon.

The management view

Thinspace CEO Mr. Chris Bautista said that with a strong virtualization associate like Tecnosys, they are able to reach market and get significant contracts such as the one finalized with government of Peru. The two companies continue to advance with their plans, successfully delivering the advanced solutions to current and new clients throughout the region.

The associate

Tecnosys, established in 1992, is a Peruvian firm specializing in advanced virtualization solutions. It has vast customer base of more than 150 clients utilizing Thinspace offerings ranging from five users to more than 2,000 users. The firm has a strong channel program which works as a strong platform for Thinspace in reaching new clients every year. It clients including Banco de Materiales, Sedapal, Contraloria de la Republica, and others trust Thinspace solutions.


Thinspace Technology Inc (OTCMKTS:THNS) closed unchanged at the end of the last trading session but the intraday price action just reflected the bearish control once again. The final closing price of the day at $0.0050 was close to the low of the day at $0.0045 but almost 26% lower compared to the day high of $0.0068, creating a large bearish candle after the rejection faced at the higher levels. The stock has been finding some support from the area around $0.0040 but after this kind of failure, it remains to be seen if the extreme short term range retains the same shape.

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