Plurilock Sec - PLCKF STOCK NEWS

Plurilock Security has secured a US$820,000 two-year sales order with a State Law Enforcement Agency through its Aurora Systems Consulting subsidiary. The contract, dated November 13, 2024, will provide Intrusion Detection and Prevention Systems (IDPS) to enhance the agency's cybersecurity infrastructure. The delivery and fulfillment are expected during Q4, 2024, with expenses and gross margin aligning with the Company's historic Solutions Division performance. The IDPS will continuously monitor network traffic to protect against cyber threats like phishing, spam, and viruses by blocking and reporting malicious activities.

Plurilock Security reports strong sales momentum with a record US$19.3 million contract and strategic partnerships with TD SYNNEX and CrowdStrike. The company's Critical Services Division focuses on AI-driven cybersecurity and Zero Trust architecture, achieving $2 million in cost savings through acquisition integration. Notable achievements include over US$22 million in sales within eight months for a major client and US$28.3 million in Q4 contracts to date. The company's seasonal business shows stronger second-half performance, with significant contracts in law enforcement and semiconductor sectors.

Plurilock Security has secured a CAD$5.4 million three-year sales order with a Canadian Law Enforcement Agency through its subsidiary, Integra Networks The contract, won through competitive bidding, includes a one-year term with two optional automatic renewal years. The agreement will provide software licensing for a cloud operating model that combines public cloud flexibility with private cloud security. The solution enables government agencies to maintain data residency requirements and control over their data and applications, ensuring compliance with national data protection laws.

Plurilock Security announces that its subsidiary, Aurora Systems Consulting, has achieved Cybersecurity Maturity Model Certification (CMMC) Level 1 compliance for the United States Department of Defense (DoD). This certification is important for contractors working with the Defense Industrial Base (DIB) and demonstrates the company's ability to safeguard Federal Contract Information. The CMMC program enhances accountability in cybersecurity assessment processes and helps protect sensitive information from cyber threats. This compliance strengthens Plurilock's position in the U.S. federal government business market.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) announces that CEO Ian L. Paterson has been invited to speak at the Vancouver International Security Summit (VISS) on November 25-26, 2024. The summit, titled 'Addressing Foreign Threats and Ensuring Economic & Political Resiliency', will be held at the Coast Coal Harbour Hotel in Vancouver, British Columbia.

Paterson will be a panelist on the 'Enhancing Security and Resilience of Critical Infrastructure' panel on November 25, 2024. The event brings together global security experts, policymakers, and innovators to address urgent security challenges. Paterson emphasizes the importance of effective cybersecurity solutions in protecting digital assets, highlighting Plurilock's commitment to addressing these challenges and their trust from NASDAQ and S&P500-listed enterprises.

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.