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Plurilock Secures US$800,000 Services Contract with Leading U.S. Hospital

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Plurilock Security has secured a US$800,000 contract with a top 10 U.S. hospital in New York through its subsidiary Aurora Systems Consulting. The 11-month contract focuses on providing custom services and highlights the growing demand for cybersecurity solutions in healthcare.

The agreement, set to begin delivery and fulfillment in Q1 2025, addresses the increasing cyber threats facing healthcare institutions. The company expects the expenses and gross margin to align with its historic Professional Services business performance.

CEO Ian L. Paterson emphasized that healthcare providers face challenges in managing sensitive data while maintaining regulatory compliance, positioning Plurilock as a trusted partner for tailored cybersecurity and software solutions.

Plurilock Security ha ottenuto un contratto del valore di 800.000 USD con uno dei primi 10 ospedali degli Stati Uniti a New York attraverso la sua sussidiaria Aurora Systems Consulting. Il contratto di 11 mesi si concentra sulla fornitura di servizi su misura e mette in evidenza la crescente domanda di soluzioni di cybersicurezza nel settore sanitario.

L'accordo, che inizierà a essere attuato nel primo trimestre del 2025, affronta le crescenti minacce informatiche che affrontano le istituzioni sanitarie. L'azienda si aspetta che le spese e il margine lordo siano in linea con le prestazioni storiche del suo business di Servizi Professionali.

Il CEO Ian L. Paterson ha sottolineato che i fornitori di servizi sanitari affrontano sfide nella gestione dei dati sensibili mantenendo la conformità normativa, posizionando Plurilock come partner affidabile per soluzioni personalizzate di cybersicurezza e software.

Plurilock Security ha asegurado un contrato de 800,000 USD con uno de los 10 principales hospitales de EE. UU. en Nueva York a través de su subsidiaria Aurora Systems Consulting. El contrato de 11 meses se centra en proporcionar servicios personalizados y destaca la creciente demanda de soluciones de ciberseguridad en el sector de la salud.

El acuerdo, que comenzará a ejecutarse en el primer trimestre de 2025, aborda las crecientes amenazas cibernéticas que enfrentan las instituciones de salud. La empresa espera que los gastos y el margen bruto se alineen con el rendimiento histórico de su negocio de Servicios Profesionales.

El CEO Ian L. Paterson enfatizó que los proveedores de atención médica enfrentan desafíos para gestionar datos sensibles mientras mantienen el cumplimiento regulatorio, posicionando a Plurilock como un socio confiable para soluciones personalizadas de ciberseguridad y software.

Plurilock Security는 뉴욕의 미국 상위 10개 병원과 800,000 USD 계약을 체결했습니다. 이 계약은 자회사인 Aurora Systems Consulting을 통해 이루어졌으며, 11개월 동안 맞춤형 서비스 제공에 중점을 두고 있으며, 의료 분야에서 사이버 보안 솔루션에 대한 수요가 증가하고 있음을 강조합니다.

2025년 1분기부터 시행될 이 계약은 의료 기관이 직면한 사이버 위협 증가에 대응합니다. 회사는 비용과 총 마진이 기존 전문 서비스 비즈니스 성과와 일치할 것으로 예상하고 있습니다.

CEO Ian L. Paterson은 의료 제공자들이 규제 준수를 유지하면서 민감한 데이터를 관리하는 데 어려움을 겪고 있다고 강조하며, Plurilock을 맞춤형 사이버 보안 및 소프트웨어 솔루션의 신뢰할 수 있는 파트너로 자리 매김하고 있습니다.

Plurilock Security a signé un contrat de 800 000 USD avec un des 10 meilleurs hôpitaux des États-Unis à New York via sa filiale Aurora Systems Consulting. Le contrat de 11 mois se concentre sur la fourniture de services personnalisés et souligne la demande croissante de solutions de cybersécurité dans le secteur de la santé.

L'accord, qui doit débuter au premier trimestre 2025, répond à l'augmentation des menaces informatiques auxquelles sont confrontées les institutions de santé. L'entreprise s'attend à ce que les dépenses et la marge brute soient en adéquation avec les performances historiques de son activité de services professionnels.

Le PDG Ian L. Paterson a souligné que les fournisseurs de soins de santé font face à des défis pour gérer des données sensibles tout en maintenant la conformité réglementaire, positionnant Plurilock comme un partenaire de confiance pour des solutions de cybersécurité et de logiciels sur mesure.

Plurilock Security hat einen Vertrag über 800.000 USD mit einem der 10 größten Krankenhäuser in den USA in New York über seine Tochtergesellschaft Aurora Systems Consulting gesichert. Der 11-monatige Vertrag konzentriert sich auf die Bereitstellung maßgeschneiderter Dienstleistungen und hebt die wachsende Nachfrage nach Cybersicherheitslösungen im Gesundheitswesen hervor.

Die Vereinbarung, die im ersten Quartal 2025 in Kraft treten soll, befasst sich mit den zunehmenden Cyberbedrohungen, denen Gesundheitseinrichtungen ausgesetzt sind. Das Unternehmen erwartet, dass die Ausgaben und die Bruttomarge im Einklang mit der historischen Leistung seines Geschäftsbereichs für professionelle Dienstleistungen stehen.

CEO Ian L. Paterson betonte, dass Gesundheitsdienstleister vor Herausforderungen stehen, wenn es darum geht, sensible Daten zu verwalten und gleichzeitig die regulatorischen Anforderungen einzuhalten, und positionierte Plurilock als vertrauenswürdigen Partner für maßgeschneiderte Cybersecurity- und Softwarelösungen.

Positive
  • Secured significant US$800,000 contract with prestigious healthcare institution
  • Contract duration of 11 months provides stable revenue stream
  • Expands presence in healthcare cybersecurity market
  • Gross margins expected to align with historical performance
Negative
  • None.
  • Customer is a Top 10 U.S. Hospital based in New York
  • Contract expands Plurilock's presence in healthcare cybersecurity amid rising cyber threats and regulatory changes

Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces a US$800,000, 11-month contract with a top 10 U.S. hospital in New York to provide custom services.

The contract, obtained through Plurilock's subsidiary Aurora Systems Consulting, highlights the growing need for secure, customized technology solutions in the healthcare sector. As cyber risks continue to escalate across industries, healthcare remains a top target, making advanced cybersecurity solutions more critical than ever. Plurilock ensures that healthcare institutions can modernize their systems while maintaining strict security standards.

"Many healthcare providers struggle to manage vast amounts of sensitive data while maintaining regulatory compliance. Our engagement with this leading hospital demonstrates the increasing demand for secure and customized technology solutions in the healthcare sector," said Ian L. Paterson, CEO of Plurilock. "As cyber threats evolve and regulatory requirements tighten, organizations are turning to trusted partners like Plurilock to provide tailored cybersecurity and software solutions that align with their operational and compliance needs."

Plurilock expects delivery and fulfillment to begin during Q1 2025. Plurilock anticipates that the expenses associated with fulfillment of these sales and the gross margin will be consistent with the Company's historic Professional Services business as previously reported in the Company's most recent MD&A. Further details with respect to the terms of the contract are subject to confidentiality and non-disclosure.

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/241554

FAQ

What is the value and duration of Plurilock's (PLCKF) new hospital contract?

Plurilock secured a US$800,000 contract with an 11-month duration through its subsidiary Aurora Systems Consulting.

When will Plurilock (PLCKF) begin delivering services for the new hospital contract?

Plurilock expects to begin delivery and fulfillment during Q1 2025.

Which healthcare institution awarded the contract to Plurilock (PLCKF)?

The contract was awarded by a top 10 U.S. hospital based in New York, though specific details are subject to confidentiality.

What type of services will Plurilock (PLCKF) provide under the new hospital contract?

Plurilock will provide custom services focusing on cybersecurity and software solutions that align with operational and compliance needs in healthcare.

How will the new contract affect Plurilock's (PLCKF) financial performance?

The expenses and gross margin are expected to be consistent with the Company's historic Professional Services business performance.

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