Plurilock Sec - PLCKF STOCK NEWS

Plurilock Security has secured a US$800,000 contract with a top 10 U.S. hospital in New York through its subsidiary Aurora Systems Consulting. The 11-month contract focuses on providing custom services and highlights the growing demand for cybersecurity solutions in healthcare.

The agreement, set to begin delivery and fulfillment in Q1 2025, addresses the increasing cyber threats facing healthcare institutions. The company expects the expenses and gross margin to align with its historic Professional Services business performance.

CEO Ian L. Paterson emphasized that healthcare providers face challenges in managing sensitive data while maintaining regulatory compliance, positioning Plurilock as a trusted partner for tailored cybersecurity and software solutions.

Plurilock Security has secured three significant government contracts in the U.S. and Canada, totaling CAD$1.3 million. The contracts include a five-year US$227,000 order from U.S. Cyber Command, a US$517,000 order from the U.S. Navy, and a three-year CAD$248,000 order from the Privy Council Office of Canada.

The orders, secured through subsidiaries Aurora Systems Consulting and Integra Networks , are for infrastructure and network security solutions. The company expects delivery and fulfillment to begin during Q1 2025, with expenses and gross margins consistent with historical Solutions Division performance. The contracts were obtained through key federal procurement channels, including the SEWP V contract vehicle, which NASA has extended until at least October 2025.

Plurilock Security announces the extension of its NASA SEWP V contract until October 31, 2025, with potential additional extensions of up to six months. This government-wide acquisition contract enables Plurilock's U.S. subsidiary, Aurora Systems Consulting, to continue providing IT and cybersecurity solutions to federal agencies.

The extension, approved by NASA headquarters on February 3, ensures uninterrupted procurement of critical cybersecurity solutions for federal institutions. CEO Ian L. Paterson emphasizes this reaffirms their commitment to serving U.S. federal agencies.

Additionally, Plurilock has entered into three investor relations agreements: with Fairfax Partners for CAD$5,000 monthly plus a CAD$30,000 setup fee and CAD$140,000 marketing budget; with Think Ink Marketing for up to CAD$300,000 over three months; and with Investment Publishing for CAD$60,000 over six months. All agreements are subject to TSX Venture Exchange approval.

Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) has appointed Elizabeth Sizeland, a former U.K. national security expert, to its Industry Advisory Council. Mrs. Sizeland brings over 20 years of experience in the U.K. government, having served as Deputy National Security Adviser and Prime Minister's Adviser on National Resilience and Security.

Her extensive background includes senior positions at GCHQ, the U.K. Home Office, and Department for Transport. Currently, she serves as a senior advisor at Beacon Global Strategies, a non-resident senior fellow at the Atlantic Council's Scowcroft Center, and an adjunct professor at Georgetown University.

The company also announced an upcoming episode of their Code and Country podcast featuring Mrs. Sizeland, where she will discuss cybersecurity, resilience, and national security, including topics such as state-sponsored cyber threats, quantum computing, and AI.

Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) has launched 'Code and Country', a new cybersecurity podcast focusing on technology, security, and the defense of democratic institutions. The podcast, available at codeandcountry.fm, features discussions with industry leaders, policymakers, and cybersecurity professionals about trends, threats, and solutions.

The series will cover topics including the protection of critical infrastructure, technology's role in national defense, and public-private security collaboration. The first episode is now available, with future episodes planned to explore international cybersecurity policy, democratic institution protection, and emerging security technologies.

Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) has secured a three-year sales order worth US$1.1 million from a Fortune 50 U.S. conglomerate through its subsidiary, Aurora Systems Consulting. The contract, dated November 27, 2024, provides the customer with an IT performance management solution offering centralized visibility into user experience, application, network, infrastructure, and server performance.

The solution integrates network forensics, application analytics, and end-user experience monitoring into a unified platform, streamlining issue diagnosis and resolution across on-premise, virtual, and cloud environments. Revenue will be recognized according to a schedule over 3 years, with delivery and fulfillment expected to begin during Q4 2024.

Plurilock Security has secured a CAD$2.5 million three-year sales order with the Canadian Department of National Defense (DND) through its subsidiary, Integra Networks The contract, dated November 28, 2024, includes a one-year term with two optional renewal years.

The agreement provides advanced software licensing to enhance developer experience, app management, and operations. The solution enables DND to securely manage cloud applications, deploy containerized apps, and support application lifecycle management in their DevOps environment.

The contract was awarded through a competitive bidding process, with expenses and gross margin expected to align with the Company's historic Solutions Division performance. Delivery and fulfillment are scheduled to begin in Q4 2024.

Plurilock Security reports Q3 2024 financial results with total revenue of $38.5 million YTD compared to $48.0 million YTD in 2023. Critical Services grew 70% YTD to $3.3 million. Gross profit improved to $5.4 million (14.2% of sales) from $4.9 million (10.3%) YTD 2023. Adjusted EBITDA loss decreased to $(2.7M) from $(3.8M) YTD 2023.

The company secured significant contracts in Q4, including a US$19.3 million deal with an S&P 500 semiconductor company. Revenue and gross margin for the first 10 months of 2024 have already exceeded total figures for 2023, with Q4 2024 expected to outperform Q4 2023.

Plurilock Security has secured a US$1.2 million contract with a NASDAQ-listed semiconductor client for a 9-month period. The Plurilock Critical Services team will implement Zero Trust Architecture, providing comprehensive cybersecurity services including AI-driven solutions and network infrastructure enhancements. The project includes discovery, solution design, implementation, and support phases, focusing on network security policy, threat mitigation, and disaster recovery planning. The contract aligns with Plurilock's margin expansion and 'land-and-expand' strategy, with expenses and gross margin expected to be consistent with previously reported Professional Services figures. Delivery is scheduled to begin in Q4 2024.