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Plurilock's Aurora Systems Receives Purchase Order from U.S. Department of the Navy
Tuesday, March 22, 2022Company Profile | Follow Company
Victoria, BC, March 22, 2022--(T-Net)--Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), an identity-centric cybersecurity solutions provider for workforces, announced that its wholly owned subsidiary, Aurora Systems Consulting, Inc., has received a US$284,000 purchase order from the U.S. Department of the Navy.
The contract received was 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 Navy is a military defense agency that works to keep the seas open and free, and to protect and defend America's interests.1 In February 2022 alone, there were 83 data breaches and cyber attacks reported, underscoring the importance of working with experienced cybersecurity and IT vendors to protect against the growing cyber threat.2
These orders are a part of the SEWP V program and align with Plurilock's stated goal of expanding within the government and defense verticals. All contracts and orders announced by Plurilock and its subsidiaries since January 1, 2022, including the latest orders, represent a combined total of roughly US$1.44 million in sales.
Per the terms of the purchase order, Aurora will provide the U.S. Department of the Navy with software renewal and maintenance support services.
The Company also announces that further to its news release dated March 7, 2022, with respect to its acquisition of Integra Networks Corporation, the Company has issued 42,647 common shares at a deemed price of $0.34 to a strategic consultant of the Company for services provided by the Consultant to the Company in connection with the Acquisition.
The Consulting Fee Shares were issued pursuant to a consulting agreement dated August 1, 2020 between the Company and the Consultant. The Consulting Fee Shares are subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities law, ending July 12, 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 2020.3 Estimates anticipate that agencies will utilize SEWP V for $8.8 billion in contracted spending in fiscal 2021.4 The contract vehicle provides Plurilock with the opportunity to access downstream customers in the government sector.
About Plurilock
PlurilockTM 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.
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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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