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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 Nov 02, 2021 7:15am
86 Views
Post# 34076130

Receives Purchase Order from U.S. Department of State

Receives Purchase Order from U.S. Department of State

Vancouver, British Columbia--(Newsfile Corp. - November 2, 2021) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an identity-centric cybersecurity solutions provider for workforces, announced today that its wholly owned subsidiary, Aurora Systems Consulting, Inc. ("Aurora"), has received a US$220,000 order from the U.S. Department of State as part 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 U.S. Department of State oversees U.S. foreign policy efforts via diplomacy, advocacy, and aid.1 The order is part of the SEWP V program and aligns with Plurilock's stated goal of expanding within the government vertical. All contracts and orders announced by Plurilock and its subsidiaries since April 2021, including the latest order, represent a combined total of roughly US$12.56 million in sales.

According to Cybersecurity Ventures, global cybercrime will cost the world $10.5 trillion annually by 2021, and with cyber attacks growing in frequency and intensity, the need for government agencies to work with experienced vendors in the cybersecurity and IT support space has increased significantly.2

Under the terms of the purchase order, Aurora will provide the U.S. Department of State with maintenance renewal on change and configuration management software.

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 2020.3 Estimates anticipate that agencies will utilize SEWP V for $8.8 billion in contracted spending in fiscal 2021.4 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 
 

https://www.newsfilecorp.com/release/101614

 
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