GlyEco, Inc. (GLYE) announced today it has completed a preliminary agreement to acquire Antifreeze Recycling, Inc. located in Tea, SD. The transaction is scheduled to close July 31, 2012.

This is the seventh preliminary acquisition agreement GlyEco has announced in 2012—with a target of 12 initial acquisitions for their first year they are AHEAD of plan…and have at least 5 more glycol recyclers in their M&A pipeline.

The stress and strain of building any company…but especially a technology company competing against the tech giants day-after-day… is without question grueling. How ironic it was for his company to be named the best unified storage system the day before he died…some much needed validation and vindication for his IceWeb vision.

Because of the “quiet period” for GlyEco’s $10 Million private placement equity raise, NBT has been restricted from broadcasting our coverage or equity research report of our FAVORITE Economic CleanTech portfolio company.

IceWEB today released additional details supporting its irrefutable position of strength and rapid growth potential in the $100 billion data storage market. As we talked about in our original report, IWEB has made significant advancements in key areas of the business over the past six months, including sales and marketing, hardware and software product development, customer support, strategic partnerships and finance.