Plurilock Announces CAD$5.4 Million Order with a Law Enforcement Agency
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 ha ottenuto un ordine di vendita di 5,4 milioni di CAD della durata di tre anni con una Agenzia di Polizia Canadese attraverso la sua filiale, Integra Networks. Il contratto, vinto tramite gara competitiva, prevede un termine di un anno con due anni di rinnovo automatico opzionale. L'accordo fornirà licenze software per un modello operativo basato su cloud che combina la flessibilità del cloud pubblico con la sicurezza del cloud privato. La soluzione consente alle agenzie governative di rispettare i requisiti di residenza dei dati e di mantenere il controllo sui propri dati e applicazioni, garantendo la conformità alle leggi nazionali sulla protezione dei dati.
Plurilock Security ha asegurado un pedido de ventas de 5,4 millones de CAD por tres años con una Agencia de Aplicación de la Ley Canadiense a través de su filial, Integra Networks. El contrato, ganado a través de una licitación competitiva, incluye un plazo de un año con dos años de renovación automática opcional. El acuerdo proporcionará licencias de software para un modelo operativo en la nube que combina la flexibilidad de la nube pública con la seguridad de la nube privada. La solución permite a las agencias gubernamentales mantener los requisitos de residencia de datos y el control sobre sus datos y aplicaciones, asegurando el cumplimiento de las leyes nacionales de protección de datos.
Plurilock Security는 자회사인 Integra Networks를 통해 캐나다 법 집행 기관과 540만 CAD의 3년 판매 계약을 체결했습니다. 경쟁 입찰을 통해 체결된 이 계약은 1년의 기간과 2년의 선택적 자동 갱신 기간을 포함합니다. 이 계약은 공공 클라우드의 유연성과 사설 클라우드의 보안을 결합한 클라우드 운영 모델에 대한 소프트웨어 라이센스를 제공합니다. 이 솔루션은 정부 기관이 데이터 거주 요건을 준수하고 자신의 데이터 및 애플리케이션에 대한 제어를 유지할 수 있도록 하여 국가 데이터 보호법을 준수하도록 합니다.
Plurilock Security a sécurisé une commande de vente de 5,4 millions CAD pour une durée de trois ans avec une agence canadienne de la loi par l'intermédiaire de sa filiale, Integra Networks. Le contrat, remporté par le biais d'un appel d'offres compétitif, inclut une durée d'un an avec deux années de renouvellement automatique optionnel. L'accord fournira des licences de logiciel pour un modèle d'exploitation cloud qui combine la flexibilité du cloud public avec la sécurité du cloud privé. La solution permet aux agences gouvernementales de maintenir les exigences de résidence des données et le contrôle sur leurs données et applications, garantissant ainsi la conformité avec les lois nationales sur la protection des données.
Plurilock Security hat einen Verkaufsauftrag über 5,4 Millionen CAD für drei Jahre mit einer kanadischen Strafverfolgungsbehörde über ihre Tochtergesellschaft Integra Networks gesichert. Der durch ein Ausschreibungsverfahren gewonnene Vertrag umfasst eine Laufzeit von einem Jahr mit zwei optionalen automatischen Verlängerungen. Die Vereinbarung bietet Softwarelizenzen für ein cloudbasiertes Betriebsmodell, das die Flexibilität der öffentlichen Cloud mit der Sicherheit der privaten Cloud kombiniert. Die Lösung ermöglicht es den Regierungsbehörden, die Anforderungen an den Datenstandort sowie die Kontrolle über ihre Daten und Anwendungen aufrechtzuerhalten und so die Einhaltung der nationalen Datenschutzgesetze sicherzustellen.
- Secured CAD$5.4 million three-year sales order
- Won contract through competitive bidding process
- Strengthens relationship with existing customer, enabling cross-selling opportunities
- Positions company as preferred partner for future projects
- None.
Plurilock won three-year sales order against a competitive market
Sale will provide a cloud operating model that integrates scalability and flexibility of a public cloud with the security and reliability of a private cloud
Engagement strengthens Plurilock's relationship with the agency, setting foundation for 'land and expand' through higher margin Critical Service
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2024) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces that it has received a three-year sales order for a total of CAD
The one-year contract with two optional years automatically renewing over a total of three years was awarded through the Company's subsidiary, Integra Networks Corporation, and will provide the Customer with software licensing to enable a cloud operating model that integrates the scalability and flexibility of a public cloud with the security and reliability of a private cloud. Virtualization Capability solutions allow government agencies to maintain data residency requirements and retain full control over their data and applications, ensuring compliance with national data protection laws.
The contract, achieved through a competitive bid process, highlights Plurilock's capability to deliver specialized, cloud solutions, addressing key infrastructure needs for the Customer at a competitive price. This engagement strengthens Plurilock's relationship with the agency, positioning Plurilock as a preferred partner for future projects, and enabling cross-selling opportunities with services tailored to the Customer's evolving needs.
"This sale is a perfect example of how Plurilock is enabling digital transformation in the public sector," said Ian L. Paterson, CEO of Plurilock. "Given the sensitive nature of federal data, control and sovereignty over where data resides are critical. Federal agencies often have legacy systems that cannot be easily migrated to the public cloud, and we are providing our Customer with the flexibility required to help modernize their IT infrastructure while minimizing disruptions and maintaining control over sensitive data."
About Plurilock
Plurilock sells cybersecurity solutions to the United States and Canadian Federal Governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of Critical Services-aiding clients with our expertise to defend against, detect, and prevent costly data breaches and cyberattacks.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566
Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720
Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229441
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