Plurilock Provides Corporate Update
Plurilock Security (PLCKF) has provided a corporate update highlighting its strategic progression in the cybersecurity sector. The company is executing a measured shift toward software-driven engagements and commercial business segments to support long-term margin improvement.
The company reports steady engagement with technology and channel partners across government and enterprise channels. According to their Q3 2024 financial statements, gross margins have improved as Plurilock scales its Critical Services business and identifies software-led opportunities.
CEO Ian L. Paterson emphasizes that cybersecurity remains a core requirement, not a discretionary expense. The company's position is strengthened by ongoing regulatory developments, an expanding cyber threat landscape, and increasing adoption of zero trust frameworks. Plurilock maintains stable operations supported by consistent client activity, pipeline strength, and efficient delivery of cybersecurity services.
Plurilock Security (PLCKF) ha fornito un aggiornamento aziendale evidenziando la sua evoluzione strategica nel settore della cybersecurity. L'azienda sta attuando una transizione graduale verso soluzioni software e segmenti commerciali per migliorare i margini a lungo termine.
La società segnala un coinvolgimento costante con partner tecnologici e di canale nei settori governativo e aziendale. Secondo i dati finanziari del terzo trimestre 2024, i margini lordi sono migliorati grazie all'espansione del business dei Servizi Critici e all'individuazione di opportunità basate sul software.
Il CEO Ian L. Paterson sottolinea che la cybersecurity resta una necessità fondamentale, non una spesa discrezionale. La posizione dell'azienda è rafforzata da sviluppi normativi continui, da un panorama di minacce informatiche in crescita e dall'adozione sempre maggiore di framework zero trust. Plurilock mantiene operazioni stabili supportate da attività clienti costanti, una solida pipeline e un'efficiente erogazione dei servizi di cybersecurity.
Plurilock Security (PLCKF) ha proporcionado una actualización corporativa destacando su avance estratégico en el sector de la ciberseguridad. La compañía está llevando a cabo una transición gradual hacia compromisos basados en software y segmentos comerciales para apoyar la mejora de márgenes a largo plazo.
La empresa informa de un compromiso constante con socios tecnológicos y de canal en los sectores gubernamental y empresarial. Según sus estados financieros del tercer trimestre de 2024, los márgenes brutos han mejorado a medida que Plurilock expande su negocio de Servicios Críticos e identifica oportunidades lideradas por software.
El CEO Ian L. Paterson enfatiza que la ciberseguridad sigue siendo un requisito esencial, no un gasto discrecional. La posición de la empresa se fortalece gracias a desarrollos regulatorios continuos, un panorama creciente de amenazas cibernéticas y la adopción creciente de marcos de confianza cero. Plurilock mantiene operaciones estables apoyadas en una actividad constante de clientes, una sólida cartera de proyectos y una entrega eficiente de servicios de ciberseguridad.
Plurilock Security (PLCKF)는 사이버 보안 분야에서의 전략적 발전을 강조하는 기업 업데이트를 제공했습니다. 회사는 장기적인 마진 개선을 지원하기 위해 소프트웨어 중심의 참여 및 상업적 비즈니스 부문으로 점진적인 전환을 실행하고 있습니다.
회사는 정부 및 기업 채널 전반에 걸쳐 기술 및 채널 파트너와의 지속적인 협력을 보고합니다. 2024년 3분기 재무제표에 따르면 Plurilock이 핵심 서비스 사업을 확장하고 소프트웨어 주도의 기회를 발굴함에 따라 총 이익률이 향상되었습니다.
CEO Ian L. Paterson은 사이버 보안이 선택적 비용이 아닌 핵심 필수 요소임을 강조합니다. 회사의 입지는 지속적인 규제 발전, 확대되는 사이버 위협 환경, 그리고 제로 트러스트 프레임워크의 증가하는 채택에 의해 강화되고 있습니다. Plurilock은 꾸준한 고객 활동, 강력한 파이프라인, 효율적인 사이버 보안 서비스 제공을 바탕으로 안정적인 운영을 유지하고 있습니다.
Plurilock Security (PLCKF) a publié une mise à jour d'entreprise mettant en lumière sa progression stratégique dans le secteur de la cybersécurité. L'entreprise effectue une transition mesurée vers des engagements axés sur le logiciel et des segments commerciaux afin de soutenir l'amélioration des marges à long terme.
L'entreprise rapporte un engagement constant avec des partenaires technologiques et des canaux, tant dans le secteur gouvernemental que dans les entreprises. Selon leurs états financiers du troisième trimestre 2024, les marges brutes se sont améliorées à mesure que Plurilock développe son activité de Services Critiques et identifie des opportunités basées sur le logiciel.
Le PDG Ian L. Paterson souligne que la cybersécurité reste une nécessité essentielle, et non une dépense discrétionnaire. La position de l'entreprise est renforcée par les évolutions réglementaires continues, un paysage croissant des menaces cybernétiques et l'adoption accrue des cadres zero trust. Plurilock maintient des opérations stables, soutenues par une activité client constante, une solide pipeline et une prestation efficace des services de cybersécurité.
Plurilock Security (PLCKF) hat ein Unternehmensupdate veröffentlicht, das seinen strategischen Fortschritt im Bereich der Cybersicherheit hervorhebt. Das Unternehmen vollzieht einen kontrollierten Wandel hin zu softwarebasierten Engagements und kommerziellen Geschäftsfeldern, um langfristige Margenverbesserungen zu unterstützen.
Das Unternehmen berichtet von einer stetigen Zusammenarbeit mit Technologie- und Vertriebspartnern in den Regierungs- und Unternehmensbereichen. Laut den Finanzberichten für das dritte Quartal 2024 haben sich die Bruttomargen verbessert, da Plurilock sein Geschäft mit kritischen Diensten ausweitet und softwarebasierte Chancen identifiziert.
CEO Ian L. Paterson betont, dass Cybersicherheit eine Kernanforderung und keine freiwillige Ausgabe bleibt. Die Position des Unternehmens wird durch fortlaufende regulatorische Entwicklungen, eine wachsende Bedrohungslandschaft im Cyberbereich und die zunehmende Einführung von Zero-Trust-Frameworks gestärkt. Plurilock hält stabile Abläufe aufrecht, unterstützt durch konstante Kundenaktivitäten, eine starke Pipeline und eine effiziente Bereitstellung von Cybersicherheitsdiensten.
- Gross margins improved in Q3 2024
- Strategic shift to higher-margin software solutions
- Steady engagement with technology and channel partners
- Strong pipeline and consistent client activity
- Market conditions remain dynamic and challenging
Highlighting Strategic Focus, Sector Strength, and Margin Expansion
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity solutions provider, is providing a corporate update as the Company continues to execute on its business plan.
Strategic Progression Toward Software and Commercial Markets
The cybersecurity sector remains a critical area of focus for both public and private sector organizations. Against this backdrop, Plurilock continues to make progress on its core initiatives, including a measured shift toward software-driven engagements and commercial business segments. These efforts are designed to support longer-term margin improvement by diversifying revenue streams and deepening re-occurring service relationships.
"Cybersecurity is not a discretionary expense, it's a core requirement, and our customers continue to rely on us to deliver," said Ian L. Paterson, CEO of Plurilock. "Our focus on high-margin solutions, strong partner relationships, and strategic expansion into commercial markets positions us well for continued stability and long-term success."
Strong Industry Tailwinds and Active Partner Participation
Plurilock's technology and channel partners continue to play a critical role in market access and service delivery. The Company has seen steady engagement and continues to fulfill a wide range of customer requirements across its government and enterprise channels, contributing to active business development and customer acquisition efforts.
While market conditions remain dynamic, ongoing regulatory developments, an expanding cyber threat landscape, and increasing adoption of zero trust frameworks continue to reinforce the essential nature of cybersecurity. These macro-level trends provide a favorable backdrop for Plurilock's solutions, pointing to sustained demand for solutions that help address evolving risk.
Operational Stability and Performance
Plurilock's operations remain on solid footing, supported by consistent client activity, pipeline strength, and efficient delivery of high-value cybersecurity services. Recent contract wins and project completions demonstrate the resilience of the business across market conditions.
With reference to our most recently published interim unaudited consolidated financial statements for the 9-month period ended September 30, 2024, the Company's gross margins demonstrated improvement from prior periods as Plurilock scales its Critical Services business and identifies additional software-led opportunities. The Company is prioritizing projects and clients that support sustainable, higher-margin growth.
Plurilock remains committed to supporting its customers, building resilient operations, and carefully managing its growth trajectory.
The Company expects to provide further detail and commentary in its upcoming year-end results and conference call.
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/248868
FAQ
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