Plurilock Secures CAD$2.5 Million Order from the Department of National Defense
Plurilock Security has secured a CAD$2.5 million three-year sales order with the Canadian Department of National Defense (DND) through its subsidiary, Integra Networks The contract, dated November 28, 2024, includes a one-year term with two optional renewal years.
The agreement provides advanced software licensing to enhance developer experience, app management, and operations. The solution enables DND to securely manage cloud applications, deploy containerized apps, and support application lifecycle management in their DevOps environment.
The contract was awarded through a competitive bidding process, with expenses and gross margin expected to align with the Company's historic Solutions Division performance. Delivery and fulfillment are scheduled to begin in Q4 2024.
Plurilock Security ha ottenuto un ordine di vendita di 2,5 milioni di CAD della durata di tre anni con il Dipartimento della Difesa Nazionale canadese (DND) attraverso la sua sussidiaria, Integra Networks. Il contratto, datato 28 novembre 2024, include un termine di un anno con due anni di rinnovo opzionali.
L'accordo prevede la fornitura di licenze software avanzate per migliorare l'esperienza degli sviluppatori, la gestione delle app e le operazioni. La soluzione consente al DND di gestire in modo sicuro le applicazioni cloud, distribuire app containerizzate e supportare la gestione del ciclo di vita delle applicazioni nel loro ambiente DevOps.
Il contratto è stato assegnato attraverso un processo di offerta competitiva, con spese e margine lordo previsti in linea con le performance storiche della Divisione Soluzioni dell'azienda. La consegna e l'adempimento sono programmati per iniziare nel quarto trimestre del 2024.
Plurilock Security ha conseguido un pedido de ventas de 2,5 millones de CAD con el Departamento de Defensa Nacional de Canadá (DND) a través de su filial, Integra Networks. El contrato, fechado el 28 de noviembre de 2024, incluye un período de un año con dos años adicionales de renovación opcional.
El acuerdo proporciona licencias de software avanzadas para mejorar la experiencia de los desarrolladores, la gestión de aplicaciones y las operaciones. La solución permite al DND gestionar de forma segura aplicaciones en la nube, desplegar aplicaciones en contenedores y apoyar la gestión del ciclo de vida de las aplicaciones en su entorno DevOps.
El contrato se otorgó a través de un proceso de licitación competitiva, y se espera que los gastos y el margen bruto se alineen con el desempeño histórico de la División de Soluciones de la empresa. La entrega y cumplimiento están programados para comenzar en el cuarto trimestre de 2024.
Plurilock Security는 캐나다 국방부(DND)와 함께 250만 캐나다 달러의 3년 판매 계약을 체결했습니다. 이 계약은 2024년 11월 28일 날짜로, 1년 기간과 2년의 선택적 갱신 옵션이 포함되어 있습니다.
이번 계약은 개발자 경험, 앱 관리 및 운영을 향상시키기 위한 고급 소프트웨어 라이선스를 제공합니다. 이 솔루션은 DND가 클라우드 애플리케이션을 안전하게 관리하고, 컨테이너화된 애플리케이션을 배포하며, DevOps 환경에서 애플리케이션 수명 주기 관리를 지원할 수 있도록 합니다.
계약은 경쟁 입찰 과정을 통해 수여되었으며, 비용 및 총 마진은 회사의 기존 솔루션 부서 성과에 맞춰질 것으로 예상됩니다. 납품 및 이행은 2024년 4분기부터 시작될 예정입니다.
Plurilock Security a sécurisé un contrat de vente de 2,5 millions de CAD d'une durée de trois ans avec le Ministère de la Défense nationale du Canada (DND) par l'intermédiaire de sa filiale, Integra Networks. Le contrat, daté du 28 novembre 2024, comprend une durée d'un an avec deux années de renouvellement optionnel.
L'accord prévoit des licences logicielles avancées pour améliorer l'expérience des développeurs, la gestion des applications et les opérations. La solution permet au DND de gérer en toute sécurité les applications cloud, de déployer des applications conteneurisées et de soutenir la gestion du cycle de vie des applications dans leur environnement DevOps.
Le contrat a été attribué par le biais d'un processus d'appel d'offres compétitif, et les dépenses ainsi que la marge brute devraient être alignées sur la performance historique de la division Solutions de l'entreprise. La livraison et l'exécution devraient commencer au quatrième trimestre 2024.
Plurilock Security hat einen 2,5 Millionen CAD Verkaufsauftrag über drei Jahre mit dem kanadischen Verteidigungsministerium (DND) über seine Tochtergesellschaft Integra Networks gesichert. Der Vertrag, datiert auf den 28. November 2024, umfasst einen einjährigen Zeitraum mit zwei optionalen Verlängerungsjahren.
Die Vereinbarung umfasst fortschrittliche Softwarelizenzen zur Verbesserung der Entwicklererfahrung, des Anwendungsmanagements und der Betriebsabläufe. Die Lösung ermöglicht es dem DND, Cloud-Anwendungen sicher zu verwalten, containerisierte Apps bereitzustellen und das Anwendungslebenszyklusmanagement in ihrer DevOps-Umgebung zu unterstützen.
Der Vertrag wurde durch ein wettbewerbsorientiertes Ausschreibungsverfahren vergeben, wobei die Ausgaben und die Bruttomarge voraussichtlich mit der historischen Leistung der Solutions Division des Unternehmens übereinstimmen werden. Lieferung und Erfüllung sind für das vierte Quartal 2024 geplant.
- Secured CAD$2.5 million contract with Department of National Defense
- Three-year potential duration provides steady revenue stream
- Contract won through competitive bidding process demonstrates market competitiveness
- Strengthens existing two-decade relationship with DND, enabling cross-selling opportunities
- None.
- Three-year contract deepens Plurilock's two-decade relationship with the DND
- Engagement enables the DND to manage cloud applications, deploy containerized apps, and support application lifecycle management
- Secured via a competitive bid process, the contract reinforces Plurilock's reputation for cost-effective solutions
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces it received a three-year sales order for a total of CAD
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. The agreement provides the client with advanced software licensing to streamline developer experience, app management and operations. This solution is critical for the Customer, as it enables the DND to securely manage and deploy cloud applications within their DevOps environment, as well as facilitate the safe containerization of applications for testing, to support efficient and secure application lifecycle management.
"App development teams face pressure to innovate quickly but often lack the automation and services needed to streamline the process, while IT teams struggle with variability from supporting multiple application runtimes," said Plurilock CEO, Ian L. Paterson. "The unified platform provided by Plurilock simplifies development and operations by reducing complexity, increasing consistency, and enabling faster, safer software delivery. This engagement strengthens Plurilock's two-decade long relationship with the DND, further entrenching as a trusted partner for future initiatives and creating cross-selling opportunities for additional services aligned with the Customer's evolving needs."
The contract, awarded through a competitive bidding process, highlights Plurilock's expertise in customized cloud solutions 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/232552
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