- Plurilock Security (TSXV:PLUR) announced the acquisition of multiple government contracts across the U.S. and Canada
- The global cybersecurity services and solutions provider secured three significant sales through federal procurement initiatives, including the U.S. federal government’s SEWP V contract vehicle and Canadian federal procurement channels
- The total value of these contracts is C$1.3 million
- Plurilock Security stock (TSXV:PLUR) last traded at C$0.36
Plurilock Security (TSXV:PLUR) announced the acquisition of multiple government contracts across the U.S. and Canada.
The global cybersecurity services and solutions provider secured three significant sales through federal procurement initiatives, including the U.S. federal government’s SEWP V contract vehicle and Canadian federal procurement channels. The contracts include:
- A five-year (base plus four option years) US$227,000 order from U.S. Cyber Command, signed on January 31, 2025.
- A single order for US$517,000 from the U.S. Navy, signed on February 11, 2024.
- A three-year C$248,000 order from the Privy Council Office of Canada, signed on February 7, 2025.
These contracts, secured through Plurilock’s subsidiaries Aurora Systems Consulting and Integra Networks Corporation, encompass infrastructure and network security solutions. The total value of these contracts is C$1.3 million.
Plurilock anticipates that the expenses associated with fulfilling these contracts and the gross margin will align with the Company’s historic Solutions Division hardware and system sales business. Delivery and fulfillment are expected to commence in Q1 2025.
“Plurilock continues to demonstrate resilience and momentum for our public sector customers,” Plurilock’s CEO, Ian Paterson said in a news release. “These wins reinforce our role as a key cybersecurity and IT supplier to some of the most security-conscious government entities in North America.”
The contracts were secured through key government procurement vehicles, including SEWP V, which was recently extended by NASA until at least October 2025, with optional extensions through 2026. SEWP V facilitates the streamlined procurement of IT and cybersecurity solutions for federal agencies, ensuring compliance and reducing procurement delays. Plurilock remains committed to supporting government agencies in their cybersecurity and IT modernization efforts, ensuring uninterrupted access to advanced security solutions.
Plurilock is a global cybersecurity company dedicated to detecting, preventing and defending against data breaches and cyberattacks.
Plurilock Security stock (TSXV:PLUR) last traded at C$0.36. The stock has given back 28.09 per cent since this time last year.
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(Top image: Plurilock Security)
