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Plurilock's Aurora Systems Receives Purchase Order from U.S. Department of the Air Force for US$972,000
Thursday, October 20, 2022Company Profile | Follow Company
Victoria, BC, October 20, 2022--(T-Net)--Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries, an identity-centric cybersecurity solutions provider for workforces, announced that its wholly owned subsidiary, Aurora Systems Consulting, Inc., has received a US$972,000 purchase order from the U.S. Department of the Air Force as part of the National Aeronautics and Space Administration's (NASA) Solution for Enterprise-Wide Procurement (SEWP) program, a U.S. Government-Wide Acquisition Contract Vehicle (GWAC).
The U.S. Department of the Air Force is a branch of the U.S. military, protecting air, space, and cyberspace. The order is part of the SEWP V program and aligns with Plurilock's stated goal of expanding within the government and defense verticals. All contracts and orders announced by PlurilockTM and its subsidiaries since January 1, 2022, including the latest orders, represent a combined total of roughly US$25.3 million in disclosed sales.
The Company also announced that in connection with the services provided by AGORA Internet Relations Corp. under the online marketing agreement entered into on December 30, 2021 between the Company and AGORA, the Company has issued 237,895 common shares of the Company at a deemed price of $0.19 per share to AGORA as the second and third (final) installment payment of $40,000 plus applicable taxes. The parties have agreed to terminate the AGORA Agreement as of September 30, 2022.
About SEWP
The SEWP V program, launched by NASA in 2015, is the leading information technology (IT) contract vehicle, with government agencies spending $7.9 billion in fiscal 2020.2 Estimates anticipate that agencies will utilize SEWP V for $8.8 billion in contracted spending in fiscal 2021.3 The contract vehicle provides Plurilock with the opportunity to access downstream customers in the government sector.
About Plurilock
Plurilock provides identity-centric cybersecurity for today's workforces. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers persistent identity assurance with unmatched ease of use.
Plurilock's Base Shelf Prospectus, Prospectus Supplement, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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. [ MORE ] |
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Plurilock Security Solutions Inc.
Victoria (InfoTech)
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