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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 21, 2021 3:08pm
124 Views
Post# 33893277

Receives Order from U.S. Defense Contractor for US$418,000

Receives Order from U.S. Defense Contractor for US$418,000

Vancouver, British Columbia--(Newsfile Corp. - September 21, 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 multi-year US$418,000 order with a California-based defense contractor.

All contracts and orders announced by Plurilock since April 2021, including the latest order, represent a combined total of roughly US$11.51 million in sales. Plurilock and the defense contractor have a longstanding business relationship, with the Company acting as a cybersecurity advisor for the organization.

In the defense space, organizations are particularly selective in the vendors they entrust to provide them with services, especially with the rise in supply chain attacks engineered by threat actors working with nation-states, such as NotPetya, which caused $10 billion worth of damage and SolarWinds, which had damages worth at least $18 million.1,2

According to the purchase order, this multi-year US$418,000 order is part of a larger three-year agreement for a data governance software suite that includes maintenance support.

"We are pleased to support the defense contractor's mission critical services for several U.S. government and defense agencies," said Ian L. Paterson, CEO of Plurilock. "Given the sensitive nature of their work, it is imperative for them to select trusted, experienced vendors, and we are proud to have met their stringent requirements."

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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