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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 Sep 09, 2021 4:37pm
97 Views
Post# 33835506

Secures U.S. Naval Warfare Purchase Order for US$250,000

Secures U.S. Naval Warfare Purchase Order for US$250,000

Victoria, British Columbia--(Newsfile Corp. - September 9, 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$250,000 purchase order from the Naval Surface Warfare Center (NSWC) as part of the National Aeronautics and Space Administration's (NASA) Solution for Enterprise-Wide Procurement (SEWP) program, a U.S. Government-Wide Acquisition Contract Vehicle (GWAC).

The NSWC is part of the Naval Sea Systems Command, the largest of the U.S. Navy's five system commands, and plays a crucial role in providing technical solutions to the U.S. Navy.1 The purchase order is part of a new contract relationship between Plurilock and the NSWC within the SEWP V program and the latest in a series of new business for Plurilock's Solutions Division. All contracts and orders signed by Plurilock since April 2021, including the latest order, represent a combined total of US$10.48 million in sales.

According to the purchase order, Plurilock will provide the NSWC with a renewal of their Dell® EMC Unity maintenance support for existing hardware.

"At a time when data breaches are on the rise, the U.S. administration continues to allocate resources to improve the nation's cyber resiliency, which creates a high demand for cyber defense products," said Ian L. Paterson, CEO of Plurilock. "As a result, we are pleased to be able to fulfill the stringent security requirements of a prominent U.S. government organization such as the Naval Service Warfare Center."

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.

For more information, visit https://www.plurilock.com

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