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Plurilock Signs US $2.2 Million Contract with U.S. Department of Defense
Tuesday, August 29, 2023Company Profile | Follow Company
Victoria, BC, August 29, 2023--(T-Net)--Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries, an identity-centric cybersecurity solutions provider for workforces, announced that the Company has signed a US$2.2 million contract with the U.S. Department of Defense for a period of 1 year.
The Customer has previously signed multiple contracts with Plurilock and represents one of the Company's existing customers within the government vertical in North America.
The Company says it intends to continue strengthening the relationship with the Customer as well as other existing customers within the public sector.
Ian Paterson, CEO, Plurilock Security Solutions Inc.
"We are pleased to sign a new contract with the U.S. Department of Defense," said Ian L. Paterson, CEO of Plurilock. "As part of our sales strategy, we aim to maintain a strong business relationship with existing customers across various sectors. This bodes well for our ongoing efforts to drive revenue growth and improve gross margins as a result of an increase in cross-sell opportunities within our customer base."
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.
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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