Plurilock Secures CAD$1.4 Million Contract with Canadian Federal Government
Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) has secured a CAD$1.478 million contract with the Treasury Board of Canada Secretariat for secure IT solutions. The three-year contract, awarded through competitive bidding to Plurilock's subsidiary Integra Networks , includes a one-year initial term with two optional renewal years.
The contract focuses on providing secure deployment and operational integrity within key federal programs, leveraging Plurilock's expertise in cybersecurity, IT infrastructure, and compliance-driven technology solutions. The company expects to begin delivery and fulfillment in Q1 2025, with expenses and gross margin projected to align with its historic Solutions Division hardware and system sales business.
Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) ha ottenuto un contratto di 1,478 milioni di CAD con il Segretariato del Consiglio del Tesoro del Canada per soluzioni IT sicure. Il contratto triennale, assegnato tramite gara competitiva alla sussidiaria di Plurilock, Integra Networks, include un termine iniziale di un anno con due anni di rinnovo opzionali.
Il contratto si concentra sulla fornitura di un'implementazione sicura e sull'integrità operativa all'interno di programmi federali chiave, sfruttando l'esperienza di Plurilock nella cybersecurity, nell'infrastruttura IT e nelle soluzioni tecnologiche orientate alla conformità. L'azienda prevede di iniziare la consegna e l'adempimento nel primo trimestre del 2025, con spese e margine lordo previsti in linea con la sua storica attività di vendita di hardware e sistemi della Divisione Soluzioni.
Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) ha asegurado un contrato de 1.478 millones de CAD con la Secretaría del Consejo del Tesoro de Canadá para soluciones informáticas seguras. El contrato de tres años, otorgado mediante licitación competitiva a la subsidiaria de Plurilock, Integra Networks, incluye un plazo inicial de un año con dos años de renovación opcionales.
El contrato se centra en proporcionar un despliegue seguro y la integridad operativa dentro de programas federales clave, aprovechando la experiencia de Plurilock en ciberseguridad, infraestructura de TI y soluciones tecnológicas impulsadas por el cumplimiento. La empresa espera comenzar la entrega y el cumplimiento en el primer trimestre de 2025, con gastos y margen bruto proyectados para alinearse con su negocio histórico de ventas de hardware y sistemas de la División de Soluciones.
Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF)는 캐나다 재무부 비서실과 함께 1478만 CAD 규모의 계약을 체결했습니다. 이 3년 계약은 Plurilock의 자회사인 Integra Networks에 경쟁 입찰을 통해 수여되었으며, 1년의 초기 기간과 2년의 선택적 갱신 기간을 포함합니다.
이 계약은 주요 연방 프로그램 내에서 안전한 배포와 운영 무결성을 제공하는 데 중점을 두고 있으며, Plurilock의 사이버 보안, IT 인프라 및 규정 준수 중심의 기술 솔루션에 대한 전문성을 활용합니다. 회사는 2025년 1분기부터 배송 및 이행을 시작할 것으로 예상하며, 비용과 총 마진은 솔루션 부서의 하드웨어 및 시스템 판매 비즈니스와 일치할 것으로 예상됩니다.
Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) a obtenu un contrat de 1,478 million CAD avec le Secrétariat du Conseil du Trésor du Canada pour des solutions informatiques sécurisées. Le contrat de trois ans, attribué par le biais d'un appel d'offres compétitif à la filiale de Plurilock, Integra Networks, comprend une période initiale d'un an avec deux années de renouvellement optionnelles.
Le contrat se concentre sur la fourniture d'un déploiement sécurisé et de l'intégrité opérationnelle au sein de programmes fédéraux clés, tirant parti de l'expertise de Plurilock en matière de cybersécurité, d'infrastructure informatique et de solutions technologiques axées sur la conformité. L'entreprise prévoit de commencer la livraison et l'exécution au premier trimestre 2025, avec des dépenses et une marge brute projetées en ligne avec son activité historique de vente de matériel et de systèmes de la Division des Solutions.
Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) hat einen Vertrag über 1,478 Millionen CAD mit dem Schatzamt des kanadischen Sekretariats für sichere IT-Lösungen gesichert. Der dreijährige Vertrag, der durch ein wettbewerbliches Ausschreibungsverfahren an die Tochtergesellschaft von Plurilock, Integra Networks, vergeben wurde, umfasst eine einjährige Anfangsfrist mit zwei optionalen Verlängerungsjahren.
Der Vertrag konzentriert sich auf die Bereitstellung einer sicheren Implementierung und operationale Integrität innerhalb wichtiger Bundesprogramme und nutzt Plurilocks Expertise in den Bereichen Cybersicherheit, IT-Infrastruktur und compliance-orientierte Technologielösungen. Das Unternehmen erwartet, dass die Lieferung und Erfüllung im ersten Quartal 2025 beginnt, wobei die Kosten und die Bruttomarge voraussichtlich im Einklang mit dem historischen Geschäft der Verkaufsabteilung für Hardware und Systeme stehen.
- Secured CAD$1.478 million contract with Canadian federal government
- Three-year contract term with potential renewals
- Won through competitive bidding, demonstrating market competitiveness
- Strengthens company's position in Canadian federal market
- None.
- Strengthens Plurilock's footprint in the Canadian federal market, reinforcing its reputation as a trusted vendor for critical government initiatives.
- Plurilock continues to leverage its deep expertise in cybersecurity, IT infrastructure, and compliance-driven technology solutions.
- Secured via a competitive bid process, the contract reinforces Plurilock's reputation for cost-effective solutions.
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces it has been awarded a three-year sales order for a total of CAD
Federal agencies require robust security and compliance frameworks for IT implementations, and the Treasury Board Secretariat has selected Plurilock to ensure secure deployment and operational integrity within key federal programs. The one-year contract, with two optional renewal years for a total potential duration of three years, was secured through the Company's subsidiary Integra Networks Corporation.
"Winning this contract with the Treasury Board Secretariat is another testament to Plurilock's ability to deliver secure, enterprise-grade IT solutions to government agencies," said Ian L. Paterson, CEO of Plurilock. "As cybersecurity and digital transformation remain top priorities for federal organizations, we look forward to supporting Canada's government with technology that enhances operational efficiency while maintaining the highest security standards."
The contract, awarded through a competitive bidding process, highlights Plurilock's expertise in IT infrastructure and compliance-driven technology designed to meet essential infrastructure needs at a competitive price. In connection with this CAD
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/243816
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