Plurilock Security Appoints Former White House Lawyer/Senior CIA Officer to Industry Advisory Council

Rhea-AI Summary

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has appointed Bryan Cunningham, a former White House cyber and national security lawyer, to its Industry Advisory Council. Cunningham, who served under Condoleezza Rice and was a career CIA officer, brings extensive experience in cybersecurity, national security, and privacy. He played a key role in developing the first U.S. National Strategy to Secure Cyberspace and contributed to the Homeland Security Act.

Plurilock CEO Ian L. Paterson welcomed Cunningham, highlighting his expertise and advisory experience with startups and Fortune 500 companies. Cunningham emphasized the ongoing global cyber conflict and Plurilock's role in protecting critical infrastructure. The company also announced a grant of 280,000 stock options to consultants and an upcoming corporate update webinar on July 23, 2024.

Positive

• Appointment of Bryan Cunningham, a highly experienced cybersecurity expert, to the Industry Advisory Council
• Cunningham's extensive background in national security and cyber policy could enhance Plurilock's strategic positioning
• Upcoming corporate update webinar on July 23, 2024, indicating transparency and communication with investors

Negative

• Grant of 280,000 stock options to consultants, potentially diluting existing shareholders

• Bryan Cunningham served as cyber and national security lawyer under Condoleezza Rice, and early advisor to Palantir
• Plurilock will host a webinar to provide a corporate update on Tuesday July 23, 2024

Vancouver, British Columbia--(Newsfile Corp. - July 15, 2024) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces the appointment of former White House cyber and national security lawyer, and longtime Palantir Senior Advisor Bryan Cunningham to the Company's Industry Advisory Council.

Mr. Cunningham served as Deputy Legal Adviser to the National Security Council under Condoleezza Rice and was a career CIA officer. He was a principal contributor to the first U.S. National Strategy to Secure Cyberspace and drafted significant portions of the Homeland Security Act and related legislation, helping to shepherd them through Congress.

He is the current Executive Director of the University of California, Irvine's Cybersecurity Policy & Research Institute, was founding vice-chair of the American Bar Association Cyber Security Privacy Task Force and was awarded the National Intelligence Medal of Achievement for his work on information issues. As the principal author of legal and ethics chapters in authoritative cybersecurity textbooks, Mr. Cunnigham is also a frequent media commentator on intelligence, cyber, and national security issues.

"For more than two decades, Bryan has been deeply involved in all aspects of cybersecurity, national security, and privacy and data protection," said Plurilock CEO Ian L. Paterson. "He is an expert in the laws of war and how future warfare will impact both government and private sector security and continuity of operations. Beyond serving his country, Bryan has advised numerous startups and Fortune 500 companies. On behalf of Plurilock and our shareholders, I'd like to welcome Bryan to the Company."

"A global cyber conflict between democracy and authoritarianism is already under way and, make no mistake, government and private-sector critical infrastructure is in our enemies' crosshairs. Cybersecurity now is national security," said Bryan Cunningham. "Plurilock's comprehensive platform, coupled with their unwavering commitment to protecting sensitive systems and information, aligns with my own devotion to safeguarding national security. Their unique ability to offer a scalable platform catering to any organization's needs sets them apart, and their trusted relationships set them up for success. I'm thrilled to join the Industry Advisory Council and contribute to securing our cyber future."

A total of 280,000 options will be granted to certain consultants of the Company pursuant to the Omnibus Plan (which plan is subject to disinterested shareholder and TSXV approvals) with a strike price of $1.03. The stock options are granted for a five-year term from July 12, 2024, and vesting will commence immediately upon obtaining disinterested shareholder approval to the Omnibus Plan.

Plurilock Announces Corporate Update Webinar

Plurilock Security CEO Ian L. Paterson will host a webinar to provide a business update and discuss industry developments followed by a live Q&A. Interested investors and industry professionals can register using the link below.

When: Tuesday July 23, 2024, at 1pm ET / 10am PT

Register: Register for the webinar by clicking on this link here.

A video replay will be available on the Plurilock website in the Investor section.

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/216464

FAQ

Who is Bryan Cunningham and why was he appointed to Plurilock Security's Industry Advisory Council?

Bryan Cunningham is a former White House cyber and national security lawyer who served under Condoleezza Rice and was a career CIA officer. He was appointed to Plurilock Security's Industry Advisory Council due to his extensive experience in cybersecurity, national security, and privacy, which aligns with Plurilock's mission to protect sensitive systems and information.

What is the significance of Bryan Cunningham's appointment for Plurilock Security (PLCKF)?

Bryan Cunningham's appointment to Plurilock Security's Industry Advisory Council is significant because his expertise in cybersecurity and national security can potentially enhance the company's strategic positioning and credibility in the market. His experience with both government and private sector security could help Plurilock develop more effective solutions and expand its market reach.

When is Plurilock Security (PLCKF) hosting its corporate update webinar?

Plurilock Security is hosting its corporate update webinar on Tuesday, July 23, 2024, at 1pm ET / 10am PT. The webinar will feature CEO Ian L. Paterson providing a business update and discussing industry developments, followed by a live Q&A session.

What stock options did Plurilock Security (PLCKF) grant and to whom?

Plurilock Security granted a total of 280,000 stock options to certain consultants of the company. These options have a strike price of $1.03 and are granted for a five-year term from July 12, 2024. The vesting will commence upon obtaining disinterested shareholder approval to the Omnibus Plan.