Plurilock Security Announces Corporate Streamlining
Plurilock Security (OTCQB: PLCKF) has announced the completion of efficiency initiatives expected to generate $2.7 million in annual cost savings. The cybersecurity services provider has implemented corporate streamlining measures following the divestiture of its CloudCodes business.
The company is adopting an AI-first approach in select departments and leveraging global talent in offshore delivery centers to improve efficiency. These measures, effective September 1, 2025, aim to reduce operating expenses, strengthen the balance sheet, and accelerate profitability while maintaining focus on its higher-margin Critical Services business.
Plurilock Security (OTCQB: PLCKF) ha annunciato l’完成 delle iniziative di efficienza previste per generare 2,7 milioni di dollari di risparmi annui sui costi. Il fornitore di servizi di cybersecurity ha implementato misure di razionalizzazione aziendale dopo la cessione dell’attività CloudCodes. L’azienda adotta un approccio AI-first in alcuni dipartimenti e sfrutta talenti globali nei centri di erogazione offshore per migliorare l’efficienza. Tali misure, efficaci dal 1 settembre 2025, mirano a ridurre i costi operativi, rafforzare il bilancio e accelerare la redditività mantenendo l’attenzione sul business ad alto margine di Critical Services.
Plurilock Security (OTCQB: PLCKF) ha anunciado la finalización de las iniciativas de eficiencia que se espera generen 2,7 millones de dólares en ahorros de costos anuales. El proveedor de servicios de ciberseguridad ha puesto en marcha medidas de simplificación corporativa tras la desinversión de su negocio CloudCodes. La empresa adopta un enfoque AI-first en departamentos selectos y aprovecha el talento global en centros de entrega offshore para mejorar la eficiencia. Estas medidas, vigentes a partir del 1 de septiembre de 2025, buscan reducir gastos operativos, fortalecer el balance y acelerar la rentabilidad, manteniendo el enfoque en su negocio de Servicios Críticos de mayor margen.
Plurilock Security (OTCQB: PLCKF)가 연간 비용 절감을 270만 달러로 예상하는 효율성 이니셔티브의 완료를 발표했습니다. 사이버 보안 서비스 제공업체는 CloudCodes 사업 매각 후 기업 간소화를 시행했습니다. 회사는 선택된 부서에서 AI-first 접근 방식을 채택하고 offshore 전달 센터의 글로벌 인재를 활용해 효율성을 높이고 있습니다. 이러한 조치는 2025년 9월 1일 부로 발효되어 운영비를 줄이고 대차대조표를 강화하며 수익성을 가속화하는 것을 목표로 하며, 고마진의 Critical Services 사업에 대한 초점을 유지합니다.
Plurilock Security (OTCQB: PLCKF) a annoncé l’achèvement des initiatives d’efficacité qui devraient générer 2,7 millions de dollars d’économies annuelles. Le prestataire de services de cybersécurité a mis en œuvre des mesures de rationalisation après la cession de son activité CloudCodes. L’entreprise adopte une approche AI-first dans certains départements et s’appuie sur des talents mondiaux dans des centres de prestation offshore pour améliorer l’efficacité. Ces mesures, en vigueur à partir du 1er septembre 2025, visent à réduire les dépenses d’exploitation, renforcer le bilan et accélérer la rentabilité tout en restant axées sur le secteur à marge élevée des Services Critiques.
Plurilock Security (OTCQB: PLCKF) hat den Abschluss der Effizienzinitiativen bekannt gegeben, die voraussichtlich 2,7 Mio. USD an jährlichen Kosteneinsparungen ermöglichen. Der Anbieter von Cybersicherheitsdiensten hat nach dem Verkauf des CloudCodes-Geschäfts Maßnahmen zur Unternehmensvereinfachung umgesetzt. Das Unternehmen verfolgt in ausgewählten Abteilungen einen AI-first-Ansatz und nutzt globale Talente in Offshore-Deliver-Centern, um die Effizienz zu steigern. Diese Maßnahmen, die ab dem 1. September 2025 wirksam sind, zielen darauf ab, Betriebskosten zu senken, die Bilanz zu stärken und die Rentabilität zu beschleunigen, während der Fokus auf dem margenstärkeren Critical Services-Geschäft bleibt.
Plurilock Security (OTCQB: PLCKF) أعلنت عن إتمام مبادرات الكفاءة المتوقعة أن تولّد وفراً سنوياً في التكاليف قدره 2.7 مليون دولار. مقدّم خدمات الأمن السيبراني نفّذ إجراءات لتبسيط العمل بعد بيع أعمال CloudCodes. تتبنّى الشركة نهجاً يعتمد على الذكاء الاصطناعي أولاً في بعض الأقسام وتستفيد من المواهب العالمية في مراكز التقديم الخارجية لتحسين الكفاءة. هذه الإجراءات، التي تكون سارية اعتباراً من 1 سبتمبر 2025، تهدف إلى تقليل النفقات التشغيلية، تعزيز الميزانية العمومية، وتسريع الربحية مع الحفاظ على التركيز على أعمال الخدمات الحيوية ذات الهوامش الأعلى.
Plurilock Security（OTCQB: PLCKF）宣布完成预计将带来每年270万美元成本节省的效率提升计划。该网络安全服务提供商在 CloudCodes 业务出售后实施了企业精简措施。公司在部分部门采用 AI-first 策略，并利用离岸交付中心的全球人才以提高效率。这些措施自 2025年9月1日 生效，旨在降低运营开支、加强资产负债表并加速盈利能力，同时保持对高利润的关键服务业务的关注。
- None.
- Significant operational restructuring and potential workforce reductions
- Divestiture of CloudCodes business segment
Operational Optimization Expected to Deliver
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services provider, announces the completion of efficiency initiatives that are expected to deliver approximately
This announcement follows the recently completed divestiture of Plurilock's CloudCodes business, a transaction that sharpened the Company's focus on its core strategy of scaling its higher-margin Critical Services business. Together, these actions reflect a broader effort to strategically reduce operating expenses, strengthen the balance sheet, and accelerate the path to profitability.
As a services-led, product-enabled, AI-native cybersecurity company, Plurilock continues to evolve its operating model to support growth efficiently while improving margins. The corporate streamlining leverages global talent in offshore delivery centers, introduces an "AI-first" approach in select departments to improve efficiency and scalability, and reduces overhead expenses through disciplined cost management. These measures are designed to enhance Plurilock's financial position while ensuring that its solutions remain aligned with the most pressing needs of enterprise, defense, and public sector clients.
"These actions represent an important step in aligning our operations with our strategic focus on higher-margin Critical Services and shortening the path to profitability," said Ian L. Paterson, CEO of Plurilock. "We are continuing to reduce costs while investing in Critical Services, and we're already seeing the results of these efforts. By embedding AI-driven efficiencies and realizing staff synergies to enhance productivity, we are building a leaner, more resilient organization capable of delivering greater value to our clients and shareholders."
The Company expects these annualized savings to take effect beginning September 1, 2025, strengthening the balance sheet, reducing cash burn, while enabling continued investment in key growth areas such as Critical Services and international expansion.
About Plurilock
Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure isn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises, we defend critical infrastructure and safeguard the systems that power modern life. Our Critical Services division delivers operational resilience through unmatched expertise, proprietary IP, and AI-driven playbooks.
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) accept 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/266561
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