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Plurilock Security Inc V.PLUR

Alternate Symbol(s):  PLCKF

Plurilock Security Inc. is a Canada-based identity-centric cybersecurity company. The Company secures workforces in the age of AI through its Plurilock AI platform, delivering advanced identity, data safety and guard rails to safely implement AI solutions to commercial and government customers worldwide. The Company operates through two operating divisions: the Technology Division and the Solutions Division. The Technology Division operates under the Plurilock brand, builds and operates its own proprietary product (DEFEND), as well as the acquired product (CloudCodes). The Technology Division is operated by PSI, PL, PLUS and PSP. The Company's corporate overhead expenses associated with PSI are allocated to the Technology Division. The Solutions division is separately operated by ASC and INC. The Solutions division offers services, cybersecurity industry products and technologies other than its own proprietary products (DEFEND).


TSXV:PLUR - Post by User

Post by Betteryear2on Aug 11, 2021 7:18am
128 Views
Post# 33683640

US$140,000 Order from the National Aeronautics & Space Admin

US$140,000 Order from the National Aeronautics & Space Admin

Victoria, British Columbia--(Newsfile Corp. - August 11, 2021) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an identity-centric cybersecurity solutions provider for workforces, has received a US$140,000 order from the National Aeronautics and Space Administration (NASA) from the Solution for Enterprise-Wide Procurement (SEWP) program, a U.S. Government-Wide Acquisition Contract Vehicle (GWAC).

This order is the latest in a series of new business for Plurilock's Solutions Division, as the Company continues its growth within the government and financial verticals. Since April 1, 2021, Plurilock has announced a total of roughly US$7.78 million in sales from all signed contracts and orders.

NASA is the agency administrator for the entire SEWP V program and for this sale is also the recipient of the contracted order. Per the order, Plurilock will provide NASA with Dell® EMC storage maintenance support renewal. While this order includes the renewal of existing products, this is a new contract between Plurilock and NASA.

The contract establishes a new business relationship between Plurilock and NASA. NASA is the premier U.S. government agency for science and technology related to air and space, with 17,000 employees, nine centers, a Jet Propulsion Laboratory, and seven test and research facilities.1

This order aligns with the Company's planned growth strategy and efforts to acquire additional business within the government vertical.

About SEWP

The SEWP V program, launched by NASA in 2015, is the leading information technology (IT) contract vehicle, with government agencies spending $7.9 billion in fiscal 2020.2 Estimates anticipate that agencies will utilize SEWP V for $8.8 billion in contracted spending in fiscal 2021.3 The contract vehicle provides Plurilock with the opportunity to access downstream customers in the government sector.

About Plurilock

Plurilock provides identity-centric cybersecurity for today's workforces. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers persistent identity assurance with unmatched ease of use.

 
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