PriceSensitive

Plurilock (TSXV:PLUR) receives US$185,000 order from the IRS

Technology
TSXV:PLUR
23 September 2021 09:00 (EDT)

Source: Plurilock

Plurilock Security (PLUR) has received a US$185,000 order from the Internal Revenue Service (IRS) bureau of the U.S. Department of the Treasury.

This order is 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).

This order is part of a new contract established between the U.S. Department of the Treasury and Plurilock through the SEWP V program. All contracts and orders announced by Plurilock since April 2021, including the latest order, represent a combined total of roughly US$11.70 million in sales.

Experienced cybersecurity and IT support vendors represent a crucial component of a strong cybersecurity posture for government agencies, particularly those in the financial sector.

Plurilock will provide on-site residency professional services to support the government’s data protection solutions. This latest contract aligns with Plurilock’s stated goal to expand within the government and financial verticals.

The Solution for Enterprise-Wide Procurement (SEWP) program, launched by NASA in 2015, is the leading information technology (IT) contract vehicle, with government agencies spending $7.9 billion in fiscal 2020. It’s estimated that agencies will utilize SEWP V for $8.8 billion in contracted spending in fiscal 2021. The contract vehicle provides Plurilock with the opportunity to access downstream customers in the government sector.

Plurilock is an innovative, identity-centric cybersecurity company that provides identity-centric cybersecurity for today’s workforces.

Plurilock Security Inc. (PLUR) opened trading at C$0.58 per share.

Related News