PLUR.v receives purchase order from Canadian Government Plurilock (TSXV: PLUR) made a big announcement this week, stating that it has received a purchase order from the Canadian Department of National Defence for DEFEND. This is the company’s first Canadian government customer.
As outlined in Canada's 2021 Federal Budget, the Canadian government proposed to allocate CA$330.6 million and CA$456.3 million over five years to defending taxpayer information against digital breaches and enhancing and protecting its cyber networks, respectively.
Plurilock didn’t release any financial metrics associated with the purchase order, however given this budgetary statement from the Canadian Government, I assume the contract's value is considerable. If nothing else, this purchase shows that Plurilock’s DEFEND solution is gaining serious recognition from big-ticket customers.
PLUR has been performing well over the past 2.5 months and has recovered 60% from all-time lows reached in June. With the company currently focusing its efforts on sales pipeline, I expect that this recovery is just the beginning of a larger trend.
PLUR.v is currently trading at $.225, valued at $16.09 million.
https://ceo.ca/@newsfile/plurilock-announces-defend-product-sale-to-canadian