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Plurilock Recognized for Cybersecurity Excellence with Multiple Industry Awards

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Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) has received multiple prestigious cybersecurity awards, highlighting its leadership in the industry. The company has been named to the Cyber150 List, won the Cybersecurity Excellence Award in Continuous Penetration Testing, and received a Gold Globee Award for Penetration Testing services.

The company's Critical Services business has shown remarkable growth, with a 70% year-over-year increase year-to-date Q3 2024. This growth is driven by increasing cybersecurity threats, regulatory compliance requirements, and Zero Trust security framework adoption. Plurilock's land-and-expand strategy focuses on converting initial security assessments into long-term service contracts.

The Cyber150 List recognition by IT-Harvest evaluates companies based on their Health Score, measuring growth, financial strength, and market impact. The Cybersecurity Excellence Award acknowledges Plurilock's Continuous Penetration Testing solution, while the Gold Globee Award validates their excellence in security services.

Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) ha ricevuto numerosi prestigiosi premi nel campo della cybersecurity, evidenziando la sua leadership nel settore. L'azienda è stata inserita nella Cyber150 List, ha vinto il Cybersecurity Excellence Award per il Continuous Penetration Testing e ha ricevuto un Gold Globee Award per i servizi di Penetration Testing.

Il settore dei Servizi Critici dell'azienda ha mostrato una crescita notevole, con un aumento del 70% anno su anno fino al terzo trimestre del 2024. Questa crescita è alimentata dall'aumento delle minacce informatiche, dai requisiti di conformità normativa e dall'adozione del framework di sicurezza Zero Trust. La strategia di Plurilock, 'land-and-expand', si concentra sulla conversione delle valutazioni di sicurezza iniziali in contratti di servizio a lungo termine.

Il riconoscimento nella Cyber150 List da parte di IT-Harvest valuta le aziende in base al loro Health Score, che misura la crescita, la solidità finanziaria e l'impatto sul mercato. Il Cybersecurity Excellence Award riconosce la soluzione di Continuous Penetration Testing di Plurilock, mentre il Gold Globee Award convalida la loro eccellenza nei servizi di sicurezza.

Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) ha recibido múltiples premios prestigiosos en ciberseguridad, destacando su liderazgo en la industria. La compañía ha sido incluida en la Cyber150 List, ganó el Cybersecurity Excellence Award en Pruebas de Penetración Continuas y recibió un Gold Globee Award por sus servicios de Pruebas de Penetración.

El negocio de Servicios Críticos de la compañía ha mostrado un crecimiento notable, con un aumento del 70% año tras año hasta la fecha en el tercer trimestre de 2024. Este crecimiento es impulsado por el aumento de las amenazas cibernéticas, los requisitos de cumplimiento normativo y la adopción del marco de seguridad Zero Trust. La estrategia de Plurilock, 'land-and-expand', se centra en convertir las evaluaciones de seguridad iniciales en contratos de servicio a largo plazo.

El reconocimiento en la Cyber150 List por parte de IT-Harvest evalúa a las empresas en función de su Health Score, que mide el crecimiento, la solidez financiera y el impacto en el mercado. El Cybersecurity Excellence Award reconoce la solución de Pruebas de Penetración Continuas de Plurilock, mientras que el Gold Globee Award valida su excelencia en los servicios de seguridad.

Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF)는 여러 권위 있는 사이버 보안 상을 수상하여 업계에서의 리더십을 강조하고 있습니다. 이 회사는 Cyber150 List에 이름을 올렸고, 지속적인 침투 테스트에 대한 Cybersecurity Excellence Award를 수상했으며, 침투 테스트 서비스에 대해 Gold Globee Award를 받았습니다.

회사의 Critical Services 사업부는 놀라운 성장을 보여주었으며, 2024년 3분기까지 연간 70% 증가했습니다. 이 성장은 증가하는 사이버 보안 위협, 규제 준수 요구 사항 및 제로 트러스트 보안 프레임워크 채택에 의해 촉진됩니다. Plurilock의 'land-and-expand' 전략은 초기 보안 평가를 장기 서비스 계약으로 전환하는 데 중점을 두고 있습니다.

IT-Harvest에 의한 Cyber150 List의 인식은 기업의 성장, 재무 건전성 및 시장 영향을 측정하는 Health Score를 기반으로 평가합니다. Cybersecurity Excellence Award는 Plurilock의 지속적인 침투 테스트 솔루션을 인정하며, Gold Globee Award는 그들의 보안 서비스에서의 우수성을 검증합니다.

Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) a reçu plusieurs prix prestigieux en cybersécurité, soulignant son leadership dans l'industrie. L'entreprise a été nommée sur la Cyber150 List, a remporté le Cybersecurity Excellence Award pour les tests de pénétration continus, et a reçu un Gold Globee Award pour ses services de tests de pénétration.

Le secteur des Services Critiques de l'entreprise a montré une croissance remarquable, avec une augmentation de 70 % d'une année sur l'autre jusqu'au troisième trimestre 2024. Cette croissance est alimentée par l'augmentation des menaces de cybersécurité, les exigences de conformité réglementaire et l'adoption du cadre de sécurité Zero Trust. La stratégie 'land-and-expand' de Plurilock se concentre sur la conversion des évaluations de sécurité initiales en contrats de service à long terme.

La reconnaissance sur la Cyber150 List par IT-Harvest évalue les entreprises en fonction de leur Health Score, mesurant la croissance, la solidité financière et l'impact sur le marché. Le Cybersecurity Excellence Award reconnaît la solution de tests de pénétration continus de Plurilock, tandis que le Gold Globee Award valide leur excellence dans les services de sécurité.

Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) hat mehrere angesehene Auszeichnungen im Bereich der Cybersicherheit erhalten, die ihre Führungsposition in der Branche hervorheben. Das Unternehmen wurde in die Cyber150 List aufgenommen, gewann den Cybersecurity Excellence Award für kontinuierliche Penetrationstests und erhielt einen Gold Globee Award für Penetrationstest-Dienste.

Das Geschäft mit Kritischen Dienstleistungen des Unternehmens hat ein bemerkenswertes Wachstum gezeigt, mit einem Anstieg von 70 % im Jahresvergleich bis zum dritten Quartal 2024. Dieses Wachstum wird durch zunehmende Cyberbedrohungen, Anforderungen an die Einhaltung von Vorschriften und die Einführung des Zero Trust-Sicherheitsrahmens vorangetrieben. Die 'Land-and-Expand'-Strategie von Plurilock konzentriert sich darauf, anfängliche Sicherheitsbewertungen in langfristige Dienstleistungsverträge umzuwandeln.

Die Anerkennung in der Cyber150 List durch IT-Harvest bewertet Unternehmen anhand ihres Health Scores, der Wachstum, finanzielle Stärke und Markteinfluss misst. Der Cybersecurity Excellence Award würdigt die Lösung von Plurilock für kontinuierliche Penetrationstests, während der Gold Globee Award ihre Exzellenz im Bereich der Sicherheitsdienste validiert.

Positive
  • Recognition through multiple prestigious industry awards
  • Strong 70% year-over-year growth in Critical Services
  • Successful land-and-expand strategy implementation
  • Growing market presence in high-margin services
Negative
  • Highly competitive cybersecurity market
  • Dependent on continuous market adoption of security services
  • Plurilock's Critical Services business continues to gain market recognition and drive growth.

  • These honours highlight Plurilock's expanding presence in cybersecurity services and reinforce the strong demand for its high-margin Critical Services business.

  • Awards underscore Plurilock's position as a trusted provider of advanced solutions and commitment to securing critical infrastructure for enterprises and government clients.

Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces that it has received multiple industry awards recognizing its leadership in cybersecurity innovation and service excellence.

Plurilock has been named to the Cyber150 List, received the Cybersecurity Excellence Award in Continuous Penetration Testing, and won a Gold Globee Award for its Penetration Testing services. Plurilock's award-winning penetration testing services fall under its Critical Services business, which has become an increasingly important component of the Company's business model.

These honours highlight Plurilock's expanding presence in cybersecurity services and reinforce the strong market demand for its high-margin Critical Services business. As of the Company's latest reported financial results, Critical Services had experienced 70% year-over-year growth year-to-date Q3 2024.

The Company expects this momentum to continue, driven by heightened cybersecurity threats, increasing regulatory compliance requirements, and the growing adoption of Zero Trust security frameworks. Plurilock's land-and-expand strategy enables it to convert initial security assessments into long-term service contracts, enhancing customer lifetime value and driving positive operating leverage.

"Cybersecurity is evolving rapidly, and organizations need more than just one-time security solutions-they require continuous monitoring, proactive risk assessment, and expert guidance," said Ian L. Paterson, CEO of Plurilock. "These industry recognitions affirm the value of our Critical Services offerings and highlight our ability to help clients navigate today's complex security landscape. With demand for security services at an all-time high, we are well-positioned to sustain our growth and drive shareholder value."

Plurilock's recent industry accolades underscore its position as a trusted provider of advanced cybersecurity solutions and its commitment to securing critical infrastructure for enterprises and government clients.

Cyber150 List - Recognizing the World's Fastest-Growing Cybersecurity Companies

Plurilock has been selected for the Cyber150 List, a ranking curated by IT-Harvest, recognizing the fastest-growing cybersecurity vendors globally. Companies selected for this list are evaluated based on IT-Harvest's proprietary Health Score, which measures company growth, financial strength, and market impact.

The Cyber150 highlights the most innovative cybersecurity firms with strong revenue growth and a proven track record of delivering security solutions to global markets. Plurilock's inclusion in this list reflects the Company's expanding presence in cybersecurity services and its ability to execute on high-value contracts.

Cybersecurity Excellence Awards - Continuous Penetration Testing Leader

Plurilock was recognized for its Continuous Penetration Testing (CPT) solution, winning a Cybersecurity Excellence Award in the Continuous Penetration Testing category. This award acknowledges Plurilock's ability to provide ongoing, real-time security assessments that help organizations identify and remediate vulnerabilities before they can be exploited.

Holger Schulze, founder of Cybersecurity Insiders and organizer of the Cybersecurity Excellence Awards, commented: "We congratulate Plurilock Security Inc. on this outstanding achievement in the 'Continuous Penetration Testing' category of the 2025 Cybersecurity Excellence Awards. As we celebrate 10 years of recognizing excellence in cybersecurity, your innovation, commitment, and leadership set a powerful example for the entire industry."

Plurilock's penetration testing services are a key part of its Critical Services business, providing enterprises and government agencies with proactive security solutions to defend against evolving cyber threats.

Gold Globee Award - Excellence in Cybersecurity Services

Plurilock also received a Gold Globee Award, a highly competitive international recognition celebrating innovation and excellence in cybersecurity. This award further validates the Company's growing reputation as a leader in security services, particularly in penetration testing and risk assessment solutions.

San Madan, President of the Globee Awards, stated: "Congratulations to the 2025 winners for their exceptional contributions to strengthening our digital world. Your dedication, innovation, and leadership are not only driving cybersecurity forward but also inspiring the industry to reach new heights. We are proud to recognize and celebrate your success."

For more information about Plurilock's award-winning cybersecurity services, visit Plurilock Critical Services.

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/244975

FAQ

What awards did Plurilock Security (PLCKF) receive in March 2025?

Plurilock received three major awards: inclusion in the Cyber150 List, Cybersecurity Excellence Award for Continuous Penetration Testing, and a Gold Globee Award for Penetration Testing services.

How much growth did Plurilock's Critical Services business achieve in Q3 2024?

Plurilock's Critical Services business experienced 70% year-over-year growth year-to-date Q3 2024.

What is Plurilock's (PLCKF) business strategy for customer retention?

Plurilock employs a land-and-expand strategy, converting initial security assessments into long-term service contracts to enhance customer lifetime value and drive positive operating leverage.

What factors are driving Plurilock's (PLCKF) market growth in 2025?

Growth is driven by heightened cybersecurity threats, increasing regulatory compliance requirements, and growing adoption of Zero Trust security frameworks.

How does IT-Harvest evaluate companies for the Cyber150 List inclusion?

IT-Harvest evaluates companies using their proprietary Health Score, which measures company growth, financial strength, and market impact.
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