Vancouver, British Columbia—(September 3, 2024)—Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) (“Plurilock” or the “Company”), a global cybersecurity services and solutions provider, announces that it has been awarded a contract to deliver contract lifecycle management (“CLM”) software to the U.S. International Development Finance Corporation (“DFC” or the “Customer”).
The contract, which includes a ~US$221,000 base first year and four subsequent option years for similar amounts, is for cloud software. Organizations face significant risks if their cloud data is compromised. These risks include financial losses, damage to their reputation, and disruptions to business operations. Adopting cloud technology is a strategic imperative for organizations seeking to improve cybersecurity and efficiency. Cloud-based security solutions offer robust protection, scalability, and cost-effectiveness. By using the cloud, organizations can better defend against data breaches, compliance issues, and data loss. The contract was awarded through Aurora Systems Consulting subsidiary.
“Plurilock is enabling the adoption of secure cloud solutions so organizations can collaborate and negotiate faster,” said Ian L. Paterson, CEO of Plurilock. “A cloud-centric cybersecurity strategy demonstrates a commitment to client confidentiality, legal integrity, and business success. The shift towards cloud-based technologies can introduce new complexities that IT teams may not be equipped to handle, and these complexities can create vulnerabilities if not properly addressed. Our customers trust us with their cybersecurity needs, and Plurilock will continue to provide the cloud architecture required for data protection, data privacy, and corporate survival.”
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.
