Plurilock Secures Multiple High-Profile Government Sales in The U.S. and Canada
Plurilock Security has secured three significant government contracts in the U.S. and Canada, totaling CAD$1.3 million. The contracts include a five-year US$227,000 order from U.S. Cyber Command, a US$517,000 order from the U.S. Navy, and a three-year CAD$248,000 order from the Privy Council Office of Canada.
The orders, secured through subsidiaries Aurora Systems Consulting and Integra Networks , are for infrastructure and network security solutions. The company expects delivery and fulfillment to begin during Q1 2025, with expenses and gross margins consistent with historical Solutions Division performance. The contracts were obtained through key federal procurement channels, including the SEWP V contract vehicle, which NASA has extended until at least October 2025.
Plurilock Security ha ottenuto tre contratti significativi con il governo negli Stati Uniti e in Canada, per un totale di CAD$1,3 milioni. I contratti includono un ordine di cinque anni da U.S. Cyber Command del valore di US$227.000, un ordine da U.S. Navy del valore di US$517.000 e un ordine di tre anni da Privy Council Office of Canada del valore di CAD$248.000.
Gli ordini, ottenuti attraverso le sussidiarie Aurora Systems Consulting e Integra Networks, riguardano soluzioni per la sicurezza delle infrastrutture e delle reti. L'azienda prevede che la consegna e l'adempimento inizino nel primo trimestre del 2025, con spese e margini lordi coerenti con le performance storiche della Divisione Soluzioni. I contratti sono stati ottenuti tramite canali chiave di approvvigionamento federale, incluso il veicolo contrattuale SEWP V, che la NASA ha esteso almeno fino a ottobre 2025.
Plurilock Security ha asegurado tres contratos significativos con el gobierno de EE. UU. y Canadá, por un total de CAD$1.3 millones. Los contratos incluyen un pedido de cinco años de U.S. Cyber Command por un valor de US$227,000, un pedido de U.S. Navy de US$517,000 y un pedido de tres años de Privy Council Office of Canada por un valor de CAD$248,000.
Los pedidos, asegurados a través de las subsidiarias Aurora Systems Consulting e Integra Networks, son para soluciones de seguridad de infraestructura y redes. La empresa espera que la entrega y cumplimiento comiencen durante el primer trimestre de 2025, con gastos y márgenes brutos consistentes con el rendimiento histórico de la División de Soluciones. Los contratos se obtuvieron a través de canales clave de adquisición federal, incluido el vehículo de contrato SEWP V, que NASA ha extendido hasta al menos octubre de 2025.
Plurilock Security는 미국과 캐나다에서 총 CAD$1.3 백만의 세 가지 주요 정부 계약을 체결했습니다. 이 계약에는 U.S. Cyber Command로부터의 5년간 US$227,000 주문, U.S. Navy로부터의 US$517,000 주문, 그리고 Privy Council Office of Canada로부터의 3년간 CAD$248,000 주문이 포함됩니다.
이 주문은 자회사인 Aurora Systems Consulting과 Integra Networks를 통해 확보된 것으로, 인프라 및 네트워크 보안 솔루션을 위한 것입니다. 회사는 2025년 1분기부터 배송 및 이행이 시작될 것으로 예상하며, 비용과 총 마진은 역사적인 솔루션 부서의 성과와 일치할 것입니다. 계약은 NASA가 2025년 10월까지 연장한 SEWP V 계약 수단을 포함하여 주요 연방 조달 채널을 통해 확보되었습니다.
Plurilock Security a sécurisé trois contrats gouvernementaux significatifs aux États-Unis et au Canada, totalisant CAD$1,3 million. Les contrats comprennent une commande de cinq ans de U.S. Cyber Command d'un montant de US$227,000, une commande de US$517,000 de la U.S. Navy et une commande de trois ans de CAD$248,000 du Privy Council Office of Canada.
Les commandes, obtenues par l'intermédiaire des filiales Aurora Systems Consulting et Integra Networks, concernent des solutions de sécurité pour les infrastructures et les réseaux. L'entreprise prévoit que la livraison et l'exécution commencent au cours du premier trimestre 2025, avec des dépenses et des marges brutes conformes aux performances historiques de la Division des Solutions. Les contrats ont été obtenus par le biais de canaux d'approvisionnement fédéraux clés, y compris le véhicule contractuel SEWP V, qui a été prolongé par la NASA jusqu'à au moins octobre 2025.
Plurilock Security hat drei bedeutende Regierungsverträge in den USA und Kanada im Gesamtwert von CAD$1,3 Millionen gesichert. Die Verträge umfassen eine fünfjährige Bestellung über US$227.000 von U.S. Cyber Command, eine Bestellung über US$517.000 von der U.S. Navy und eine dreijährige Bestellung über CAD$248.000 vom Privy Council Office of Canada.
Die Aufträge, die über die Tochtergesellschaften Aurora Systems Consulting und Integra Networks gesichert wurden, betreffen Infrastruktur- und Netzwerksicherheitslösungen. Das Unternehmen erwartet, dass die Lieferung und Erfüllung im ersten Quartal 2025 beginnen, wobei die Kosten und Bruttomargen mit der historischen Leistung der Solutions Division übereinstimmen. Die Verträge wurden über wichtige staatliche Beschaffungswege, einschließlich des SEWP V Vertragsmodells, das NASA bis mindestens Oktober 2025 verlängert hat, erworben.
- Secured multiple government contracts worth CAD$1.3 million total
- Obtained long-term contracts: 5-year deal with U.S. Cyber Command, 3-year deal with Privy Council Office
- Expanded presence in high-security government sector
- SEWP V procurement vehicle extended until October 2025, ensuring continued access to federal contracts
- None.
- Reinforces Plurilock's position as a trusted provider to the public sector
- Customers include U.S. Cyber Command, the U.S. Navy, and the Privy Council Office of Canada
- Total contract value of the three sales combined is CAD
$1.3 million
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces multiple government contracts across the U.S. and Canada. Plurilock has been awarded three sales through key federal procurement channels, including the U.S. federal government's SEWP V contract vehicle and Canadian federal procurement initiatives.
The sales include a five-year (base plus four option years) US
Plurilock anticipates that the expenses associated with fulfillment of these sales and the gross margin will be consistent with the Company's historic Solutions Division hardware and system sales business as previously reported in the Company's most recent MD&A. Plurilock expects delivery and fulfillment to begin during Q1 2025. Further details with respect to the terms of the contract are subject to confidentiality and non-disclosure.
"Plurilock continues to demonstrate resilience and momentum for our public sector customers," said Ian L. Paterson, CEO of Plurilock. "These wins reinforce our role as a key cybersecurity and IT supplier to some of the most security-conscious government entities in North America."
Continued Success in Federal Government Procurement
These contracts were secured through key government procurement vehicles, including SEWP V, which was recently extended by NASA until at least October 2025, with optional extensions through 2026. SEWP V enables streamlined procurement of IT and cybersecurity solutions for federal agencies, ensuring compliance and reducing procurement delays. Plurilock remains committed to supporting government agencies in their cybersecurity and IT modernization efforts, ensuring uninterrupted access to advanced security solutions.
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/240851
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