RTTNews | Jan 5, 2022 09:58AM EST

09:58 Wednesday, January 5, 2022 (RTTNews.com) - Shares of data protection and disaster recovery solutions provider Data Storage Corporation (DTST) are surging more than 54% in the morning trade on Wednesday after the company announced multi-million dollar contract with one of the nation's most recognized professional sports teams.

As per the deal, which was awarded to Flagship Solutions Group, a unit of Data Storage Corp., the company is expected to provide a modernized and encrypted storage infrastructure to support the team, the stadium and its affiliates.

"While Intel and Windows servers have been undergoing a massive migration to the cloud over the past eight years, the IBM Power server market has only begun this transition and we are clearly at the forefront of this emerging multi-billion-dollar market. We have built a robust proposal pipeline heading into 2022 and remain confident in the outlook for the business," stated Chuck Piluso, CEO of Data Storage Corporation.

DTST, currently at $4.79, has traded in the range of $2.86- $38.8 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3252969/data-storage-corp-soars-on-multi-million-contract-with-a-well-known-sports-team.aspx)

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