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Plurilock Lands $7M Sale from U.S. Department of the Treasury and $5.7M Order from U.S. Department of Health and Human Services
Wednesday, October 25, 2023Company Profile | Follow Company
Victoria, BC, October 25, 2023--(T-Net)--Plurilock Security Inc. (TSXV: PLUR) and related subsidiaries, an AI-driven cybersecurity solutions provider for workforces, announced that the Company has received a $7 million (US$5.1 million) five-year sale order from the U.S. Department of the Treasury.
Plurilock also announced that the Company has received a $5.7 million (US$4.2 million) two-year sale order from the U.S. Department of Health and Human Services.
The two sales represent the latest transactions in a series of orders between Plurilock and U.S. government customers in recent months and the Company says it intends to secure more contracts with organizations within the North American public sector.
According to the terms of the order, the Company will deliver professional services solutions to the Customer in the first order, and data analytics software and professional services solutions to the Customer in the second order.
Ian Paterson, CEO, Plurilock Security Solutions Inc.
"We are delighted to sign a five-year sale order that is worth over US$5 million with a leading U.S. federal agency," said Ian L. Paterson, CEO of Plurilock. "Growing our sales pipelines remains as a key objective for Plurilock and we intend to secure more sale orders with North American government organizations, which will enable us to unlock the opportunity to upsell additional offerings in the future."
"We also announced a US$4.2 million sale order with a U.S. federal customer," said Mr. Paterson. "Our focus is to continue growing our customer pipeline in North America and we intend to build stronger business relationships with organizations across key industry verticals as part of our sales strategy."
About Plurilock
Plurilock secures workforces in the age of AI through its Plurilock AI platform, delivering advanced identity, data safety, and guard rails to safely implement AI solutions to commercial and government customers worldwide.
With patented artificial intelligence and patented real-time identity confirmation technology, Plurilock AI enables zero-trust architecture and identity threat detection and response capabilities for regulated organizations with remote workforces.
Through its Solutions Division, Plurilock aggregates world-class IT services and brings a comprehensive line of products that enable teams across North America and the globe to compute safely in a remote work world.
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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. [ MORE ] |
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Plurilock Security Solutions Inc.
Victoria (InfoTech)
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