VANCOUVER, British Columbia—(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
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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.
