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Plurilock's Aurora Systems Receives US$2.8 Million 3-year Purchase Order from a U.S. Food, Facilities, and Uniform Services Provider
Tuesday, November 8, 2022Company Profile | Follow Company
Purchase order was secured through Aurora's expanded operations as a result of its recently announced asset purchase agreement with Atrion Communication, Inc.
Victoria, BC, November 8, 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$2.8 million 3-year purchase order from a leading U.S. food, facilities and uniform services provider.
According to the terms of the order, Aurora will provide the Customer with Fortinet's global firewall solutions. This order includes a fixed renewal price and enables the Customer to make a total of three annualized payments. In addition, this order offers up-selling opportunities as the Customer can purchase up to 15% of additional equipment over the 3-year period.
The purchase order was secured through Aurora's expanded operations as a result of its acquisition of certain assets and business of Atrion Communications, Inc., which was previously announced on September 26, 2022.
Ian Paterson, CEO, Plurilock Security Solutions Inc.
"We are delighted to receive this multi-year purchase order from a top-tier U.S. customer, which bodes well for our sales pipeline," said Ian L. Paterson, CEO of Plurilock.
"This order was received as a result of Aurora's asset purchase agreement with Atrion, which has enabled Plurilock to expand its customer base across the East Coast of the United States. Moving forward, we intend to not only secure new clients through Aurora but also, continue capitalizing on new cross-selling opportunities for our high-margin proprietary software solutions."
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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