Plurilock Engages Clear Street to Review U.S. Strategic Options
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), a global cybersecurity services and solutions provider, has engaged Clear Street as its financial advisor to refine U.S. strategic options. The company generated $70.4 million in revenue for 2023, with 89% of its business conducted in the U.S. Plurilock's ecosystem includes U.S. Government customers across various agencies. The company has recently added prominent Americans to its Industry Advisory Council and has American leadership on its board.
This strategic review aims to amplify Plurilock's growth trajectory and market presence in the U.S. technology sector. CEO Ian L. Paterson stated that engaging with Clear Street will help explore avenues to bolster visibility and attract a wider investor base. The company believes that U.S. capital markets and acquisitions strategies better support its growth and proper valuation.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), un fornitore globale di servizi e soluzioni di cybersecurity, ha incaricato Clear Street come suo consulente finanziario per affinare le opzioni strategiche negli Stati Uniti. L'azienda ha generato 70,4 milioni di dollari di fatturato per il 2023, con l'89% del suo business condotto negli Stati Uniti. L'ecosistema di Plurilock include clienti del governo degli Stati Uniti provenienti da diverse agenzie. L'azienda ha recentemente aggiunto americani di spicco al suo Consiglio Consultivo Industriale e ha una leadership americana nel suo consiglio di amministrazione.
Questa revisione strategica mira a rafforzare la traiettoria di crescita e la presenza di Plurilock nel settore tecnologico statunitense. Il CEO Ian L. Paterson ha dichiarato che l’incarico a Clear Street aiuterà ad esplorare opportunità per aumentare la visibilità e attrarre una base di investitori più ampia. L'azienda ritiene che i mercati di capitali e le strategie di acquisizione statunitensi supportino meglio la sua crescita e una valutazione adeguata.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), un proveedor global de servicios y soluciones de ciberseguridad, ha contratado a Clear Street como su asesor financiero para perfeccionar las opciones estratégicas en EE. UU. La empresa generó 70.4 millones de dólares en ingresos para 2023, con el 89% de su negocio realizado en EE. UU. El ecosistema de Plurilock incluye clientes del gobierno de EE. UU. de varias agencias. La empresa ha añadido recientemente a destacados estadounidenses a su Consejo Asesor de la Industria y cuenta con liderazgo estadounidense en su junta directiva.
Esta revisión estratégica tiene como objetivo amplificar la trayectoria de crecimiento y la presencia de Plurilock en el sector tecnológico de EE. UU. El CEO Ian L. Paterson declaró que trabajar con Clear Street ayudará a explorar vías para aumentar la visibilidad y atraer una base de inversionistas más amplia. La empresa cree que los mercados de capital y las estrategias de adquisición en EE. UU. apoyan mejor su crecimiento y una evaluación adecuada.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), 글로벌 사이버 보안 서비스 및 솔루션 제공업체가 Clear Street를 재정 고문으로 임명했습니다 미국의 전략적 옵션을 다듬기 위해. 이 회사는 2023년에 7040만 달러의 수익을 올렸습니다, 비즈니스의 89%가 미국에서 이루어졌습니다. Plurilock의 생태계에는 다양한 기관의 미국 정부 고객이 포함되어 있습니다. 이 회사는 최근 미국의 저명한 인사들을 산업 자문 위원회에 추가했으며, 이사회에도 미국 리더십이 있습니다.
이 전략적 검토는 Plurilock의 성장 궤적과 시장 존재감을 증대시키기 위한 것입니다. CEO Ian L. Paterson은 Clear Street와의 협력이 가시성을 높이고 더 넓은 투자자 기반을 유치하는 방향을 탐색하는 데 도움이 될 것이라고 밝혔습니다. 이 회사는 미국 자본 시장 및 인수 전략이 자사의 성장 및 적절한 평가를 더 잘 지원한다고 믿고 있습니다.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), un fournisseur mondial de services et solutions de cybersécurité, a mandaté Clear Street comme son conseiller financier pour affiner les options stratégiques aux États-Unis. L'entreprise a généré 70,4 millions de dollars de revenus pour 2023, avec 89 % de son activité réalisée aux États-Unis. L'écosystème de Plurilock comprend des clients du gouvernement américain issus de diverses agences. L'entreprise a récemment ajouté des Américains de premier plan à son Conseil consultatif industriel et a une direction américaine dans son conseil d'administration.
Cette révision stratégique vise à renforcer la trajectoire de croissance et la présence de Plurilock dans le secteur technologique américain. Le PDG Ian L. Paterson a déclaré que le partenariat avec Clear Street aiderait à explorer des pistes pour accroître la visibilité et attirer une base d'investisseurs plus large. L'entreprise croit que les marchés de capitaux américains et les stratégies d'acquisition soutiennent mieux sa croissance et une évaluation adéquate.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), ein globaler Anbieter von Cybersecurity-Dienstleistungen und -lösungen, hat Clear Street als seinen Finanzberater beauftragt, um strategische Optionen in den USA zu verfeinern. Das Unternehmen erzielte 70,4 Millionen Dollar Umsatz für 2023, wobei 89 % des Geschäfts in den USA abgewickelt wurden. Das Ökosystem von Plurilock umfasst US-Regierungskunden aus verschiedenen Behörden. Das Unternehmen hat kürzlich prominente Amerikaner in seinen Industriebeirat aufgenommen und führt amerikanische Führungskräfte in seinem Vorstand.
Diese strategische Überprüfung zielt darauf ab, die Wachstumsrichtung und Marktpräsenz von Plurilock im Technologiesektor der USA zu verstärken. CEO Ian L. Paterson erklärte, dass die Zusammenarbeit mit Clear Street dabei helfen wird, Wege zu erforschen, um die Sichtbarkeit zu erhöhen und eine breitere Investorenbasis anzuziehen. Das Unternehmen ist der Ansicht, dass die US-Kapitalmärkte und Übernahmestrategien das Wachstum und die angemessene Bewertung besser unterstützen.
- Generated $70.4 million in revenue for 2023
- 89% of business conducted in the U.S., with U.S. Federal Government as largest customer
- Strong ties with U.S. Government agencies across various sectors
- Added prominent Americans to Industry Advisory Council and board
- Strategic review aims to amplify growth trajectory and market presence in U.S. technology sector
- None.
- Clear Street Investment Banking ("Clear Street") to act as financial advisor
- Plurilock's strong U.S. business ties and operations align with U.S. business and capital markets focus
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces that it has engaged Clear Street as its financial advisor to assist the board and management in refining U.S. strategic options.
Plurilock generated
Plurilock has recently added prominent Americans to the Company's Industry Advisory Council including former CrowdStrike Board Member / AppDynamics President Joe Sexton and former White House Lawyer / Senior CIA Officer Bryan Cunningham. This builds on Plurilock's American leadership, which also includes Company board members: Jennifer Swindell who was formerly Senior Vice President of Booz Allen Hamilton and a Special Operations Officer in the U.S. Navy, and; Ed Hammersla who was formerly head of Raytheon Cyber Products and Chief Strategy Officer of Forcepoint.
This strategic review aims to amplify Plurilock's growth trajectory and market presence by leveraging the robust opportunities available in the U.S. technology sector. With the increasing demand for advanced cybersecurity solutions, Plurilock is strategically positioned to expand its footprint and enhance shareholder value.
"Plurilock Security is at the forefront of protecting organizations against evolving cyber threats. By engaging with Clear Street, we aim to explore avenues that will not only bolster our visibility but also attract a wider investor base," said Ian L. Paterson, CEO of Plurilock Security. "We believe that U.S. capital markets and acquisitions strategies better support Plurilock's growth and valuing the platform properly with growth focused investors who will support it."
There can be no assurance that the exploration of strategic options will result in any agreements or transactions, or as to the timing of any such agreements or transactions. Plurilock does not intend to discuss or disclose further developments regarding the exploration of strategic alternatives unless and until its Board of Directors has approved a specific action or otherwise determined that further disclosure is appropriate or required by law.
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, including statements relating to potential mergers, acquisitions and uplisting. 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/221090
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