Plurilock Signs US$19.3 Million Contract with S&P 500 Semiconductor Company
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has secured a record-breaking US$19.3 million cybersecurity contract with an S&P 500 semiconductor company. This three-year deal, the largest in Plurilock's history, involves modernizing the customer's security operations stack using an AI-native cybersecurity platform. Plurilock will also provide two dedicated cybersecurity experts for 12 months to support integration and implementation.
The contract was secured through Plurilock's subsidiary, Aurora Systems Consulting, based on the strength of earlier Critical Services contracts. This achievement highlights Plurilock's strategy to expand into non-governmental sectors and demonstrates the successful integration of previous acquisitions. CEO Ian L. Paterson emphasized that this deal reflects the trust world-class organizations are placing in Plurilock's capabilities.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ha ottenuto un contratto per la cybersicurezza record di 19,3 milioni di dollari USA con un'azienda di semiconduttori appartenente all'S&P 500. Questo accordo triennale, il più grande nella storia di Plurilock, prevede la modernizzazione del sistema di operazioni di sicurezza del cliente utilizzando una piattaforma di cybersicurezza nativa AI. Plurilock fornirà inoltre due esperti di cybersicurezza dedicati per 12 mesi per supportare l'integrazione e l'implementazione.
Il contratto è stato ottenuto attraverso la filiale di Plurilock, Aurora Systems Consulting, sulla base della solidità dei contratti per Servizi Critici precedenti. Questo traguardo evidenzia la strategia di Plurilock di espandersi in settori non governativi e dimostra l'integrazione riuscita delle precedenti acquisizioni. Il CEO Ian L. Paterson ha sottolineato che questo accordo riflette la fiducia che le organizzazioni di livello mondiale ripongono nelle capacità di Plurilock.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ha asegurado un contrato de ciberseguridad récord de 19,3 millones de dólares estadounidenses con una empresa de semiconductores del S&P 500. Este acuerdo de tres años, el más grande en la historia de Plurilock, implica la modernización de la pila de operaciones de seguridad del cliente utilizando una plataforma de ciberseguridad nativa de IA. Plurilock también proporcionará dos expertos en ciberseguridad dedicados durante 12 meses para apoyar la integración y la implementación.
El contrato se obtuvo a través de la subsidiaria de Plurilock, Aurora Systems Consulting, basado en la solidez de contratos anteriores de Servicios Críticos. Este logro destaca la estrategia de Plurilock de expandirse en sectores no gubernamentales y demuestra la integración exitosa de adquisiciones previas. El CEO Ian L. Paterson enfatizó que este acuerdo refleja la confianza que las organizaciones de clase mundial están depositando en las capacidades de Plurilock.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF)는 S&P 500 반도체 회사와 미국 달러 1,930만 달러 규모의 사이버 보안 계약을 체결했습니다. 이 3년 계약은 Plurilock의 역사상 가장 큰 계약으로, 고객의 보안 운영 스택을 AI 기반 사이버 보안 플랫폼을 사용하여 현대화하는 내용을 포함합니다. Plurilock은 또한 통합 및 구현을 지원하기 위해 12개월 동안 두 명의 전담 사이버 보안 전문가를 제공할 예정입니다.
이 계약은 Plurilock의 자회사인 Aurora Systems Consulting을 통해 확보되었으며, 이전의 핵심 서비스 계약의 강점을 바탕으로 체결되었습니다. 이 성취는 Plurilock의 비정부 부문으로의 확장 전략을 강조하며, 이전 인수의 성공적인 통합을 보여줍니다. CEO Ian L. Paterson은 이 계약이 세계적 수준의 조직들이 Plurilock의 능력을 신뢰하고 있다는 것을 반영한다고 강조했습니다.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) a sécurisé un contrat de cybersécurité record de 19,3 millions de dollars américains avec une entreprise de semi-conducteurs de l'S&P 500. Ce contrat de trois ans, le plus important de l'histoire de Plurilock, implique la modernisation de la pile d'opérations de sécurité du client en utilisant une plateforme de cybersécurité native à l'IA. Plurilock fournira également deux experts en cybersécurité dédiés pendant 12 mois pour soutenir l'intégration et la mise en œuvre.
Le contrat a été obtenu par l'intermédiaire de la filiale de Plurilock, Aurora Systems Consulting, sur la base de la force de contrats de Services Critiques antérieurs. Cet accomplissement met en évidence la stratégie de Plurilock d'expansion dans des secteurs non gouvernementaux et démontre l'intégration réussie des acquisitions précédentes. Le PDG Ian L. Paterson a souligné que cet accord reflète la confiance que des organisations de classe mondiale placent dans les capacités de Plurilock.
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) hat einen Rekordvertrag über 19,3 Millionen US-Dollar im Bereich Cybersicherheit mit einem S&P 500-Halbleiterunternehmen gesichert. Diese dreijährige Vereinbarung, die größte in der Geschichte von Plurilock, umfasst die Modernisierung der Sicherheitsoperationen des Kunden mithilfe einer KI-nativen Cybersicherheitsplattform. Plurilock wird außerdem zwei dedizierte Cybersicherheitsexperten für 12 Monate bereitstellen, um die Integration und Implementierung zu unterstützen.
Der Vertrag wurde über die Tochtergesellschaft von Plurilock, Aurora Systems Consulting, auf der Grundlage der Stärke früherer Kritischer Dienstleistungen gesichert. Dieser Erfolg hebt Plurilocks Strategie hervor, in nichtstaatliche Sektoren zu expandieren, und zeigt die erfolgreiche Integration früherer Akquisitionen. CEO Ian L. Paterson betonte, dass dieser Vertrag das Vertrauen widerspiegelt, das weltklasse Organisationen in die Fähigkeiten von Plurilock setzen.
- Record-breaking US$19.3 million contract over three years
- Largest single transaction in company history
- Expansion into non-governmental sectors
- Demonstrates successful integration of previous acquisitions
- Provides dedicated cybersecurity experts for 12 months
- Contract with S&P 500 semiconductor company enhances credibility
- None.
Largest Sale in Company History to Modernize Security Stack for Global Enterprise Customer
Record-breaking US
$19.3 million contract over three years with S&P 500 semiconductor companyPlurilock to re-platform the customer's security operations stack using leading AI-native cybersecurity platform and provide dedicated Critical Services team members for a 12-month period
Largest single transaction in Plurilock's history, underscoring Company's strategy to expand into non-governmental sectors
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2024) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces a record US
Under the terms of the contract, Plurilock will modernize and re-platform the Customer's security operations stack, leveraging the industry's leading AI-native cybersecurity platform to replace an aging array of partially integrated, high-overhead security solutions. The Company will also provide two dedicated cybersecurity experts from the Security Operations ("SecOps") practice of its Critical Services business unit for a 12-month period, to support the integration and smooth implementation of the new platform.
The contract was secured through Plurilock's subsidiary, Aurora Systems Consulting, and was awarded based on the strength of earlier Critical Services contracts, underscoring the synergies across Plurilock's businesses. The Company received the purchase order from the client on October 2, 2024.
"This record-breaking deal reflects Plurilock's strategy to expand revenue and margins from non-government clients and demonstrates that the integration of our previous acquisitions is delivering results," said Ian L. Paterson, CEO of Plurilock. "Being chosen to transform the security operations of a leading S&P 500 enterprise underscores the trust that world-class organizations are placing in our capabilities."
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/225410
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