PLURILOCK SEC INC - PLCKF STOCK NEWS

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and CrowdStrike (NASDAQ: CRWD) have announced a new partnership to secure critical infrastructure in democratic nations and economies against modern threats. Plurilock's Critical Services team will leverage the AI-native CrowdStrike Falcon® cybersecurity platform to provide sales, support, and deployment services to key customers seeking to modernize their security operations.

The collaboration aims to address the surging threat environment faced by enterprise customers of key importance to world democracies. By utilizing the Falcon platform, Plurilock can consolidate point products, reduce complexity, and deliver comprehensive visibility and real-time protection across enterprises.

Both companies bring deep expertise in AI and cybersecurity to this partnership, with Plurilock originating as an AI cybersecurity research spin-out and CrowdStrike offering the world's most advanced AI-native cybersecurity platform.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has secured a US$1.7 million sale with an existing client, a major semiconductor manufacturer. The sale, awarded through Plurilock's Aurora Systems Consulting division, builds on the success of previous work and will enhance the customer's cybersecurity infrastructure. This expansion validates Plurilock's strategy of winning large, high-value customers and growing relationships through consistent, high-quality services.

Additionally, Plurilock announced that as of October 1, 2024, warrants were exercised to purchase 13,627,613 common shares at an average price of $0.26, adding $3,595,644 to the Company's Treasury. This follows a previous warrant exercise announcement on August 28, 2024, for 8,038,946 shares at an average price of $0.27 per share, generating gross proceeds of $2,190,949.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has secured a record-breaking US$19.3 million cybersecurity contract with an S&P 500 semiconductor company. This three-year deal, the largest in Plurilock's history, involves modernizing the customer's security operations stack using an AI-native cybersecurity platform. Plurilock will also provide two dedicated cybersecurity experts for 12 months to support integration and implementation.

The contract was secured through Plurilock's subsidiary, Aurora Systems Consulting, based on the strength of earlier Critical Services contracts. This achievement highlights Plurilock's strategy to expand into non-governmental sectors and demonstrates the successful integration of previous acquisitions. CEO Ian L. Paterson emphasized that this deal reflects the trust world-class organizations are placing in Plurilock's capabilities.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has secured US$1.9 million in new cybersecurity contracts with a prominent S&P 500 semiconductor company. The contracts involve modernizing the customer's cybersecurity and information security platforms, including:

• Identity and Access Management (IAM) stack
• Configuration Management Database (CMDB) infrastructure
• Encryption infrastructure
• Phishing training and reporting infrastructure
• Internal cybersecurity communications

The work aims to enhance the customer's posture in Role-Based Access control (RBAC), Zero Trust, least privilege access management, phishing and ransomware readiness, and security best practices awareness. These contracts were secured through Plurilock's subsidiary, Aurora Systems Consulting, based on the success of previous Critical Services engagements with the customer.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has appointed David Kris to its Industry Advisory Council. Kris, a co-founder of Culper Partners , brings over 30 years of experience in government, private sector, and academia. He previously led the Department of Justice's National Security Division, overseeing federal espionage and terrorism investigations. Kris has also held key positions at Intellectual Ventures and Time Warner, Inc.

Currently, Kris advises the U.S. Intelligence Community and teaches law to Intelligence Community lawyers. His appointment is expected to bring valuable expertise in intelligence, law enforcement, and security to Plurilock. The company has also granted 20,000 stock options to certain consultants with a strike price of $0.65, subject to TSXV approval.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has announced a partnership with TD SYNNEX (NYSE: SNX) to provide AI services in North America. Under this agreement, Plurilock will offer AI-focused critical services and cybersecurity solutions for TD SYNNEX's North American operations. These services may include security operations, offensive security, data protection, Zero Trust architecture, and AI transformation.

This partnership represents the initial phase of a potentially broader collaboration, with the possibility of expanding into TD SYNNEX's global operations. The partnership aims to enhance TD SYNNEX's AI services offerings in the cybersecurity sector, leveraging Plurilock's expertise in AI and cybersecurity developed over eight years.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has announced an integration between its Plurilock AI cybersecurity platform and the Acronis Cyber Protect Cloud Platform. This integration allows managed service providers (MSPs) using Acronis to easily access Plurilock AI's cloud access security broker (CASB) and data loss prevention (DLP) capabilities through their existing Acronis dashboard.

Acronis, a global cyber protection software provider, serves over 20,000 service providers and 750,000 businesses across 150 countries. The integration is expected to significantly expand Plurilock AI's reach, making it available to thousands of MSPs worldwide. Both companies expressed enthusiasm about the partnership, highlighting the potential benefits for MSPs and their customers, particularly those relying on Google or Microsoft ecosystems.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has secured a US$1.1 million contract with the U.S. International Development Finance (DFC) to provide contract lifecycle management (CLM) software. The deal, awarded through Plurilock's Aurora Systems Consulting subsidiary, includes a ~US$221,000 base first year and four subsequent option years for similar amounts.

The contract focuses on cloud-based software, addressing the critical need for robust cybersecurity measures in cloud environments. Plurilock's CEO, Ian L. Paterson, emphasized the company's role in enabling secure cloud solutions for faster collaboration and negotiation. This strategic move aligns with the growing demand for cloud-based security solutions that offer enhanced protection, scalability, and cost-effectiveness.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) reported its Q2 2024 financial results, showing revenue of $12.6 million, up from $12.3 million in Q2 2023. The company's Critical Services segment grew 98% to $1.45 million. Gross margin improved to 15.6% from 11.2% in the previous year, driven by increased Critical Services mix. Adjusted EBITDA loss narrowed to $591,888 from $1,870,054 in Q2 2023. The company is focusing on expanding its high-margin Critical Services offerings and implementing a business transformation plan. Plurilock also completed a $5.5 million private placement and secured several new contracts, including a US$6.16 million deal with the U.S. Treasury.