Plurilock Security receives $445,000 contract renewal

Executive Summary

• Plurilock Security Inc. secured a $445,000 recurring software renewal with a U.S. Department of Defense agency (Option Year 1 of a multiyear agreement).
• The total potential value of the engagement is up to $2.5 million across five option years.
• The contract is administered through NASA’s SEWP procurement vehicle; fulfillment costs and gross margins are expected to align with historical government software sales.

Key Details

• Contract Value – Year 1: $445,000 recurring purchase for security software solutions.
• Total Potential Value: Up to $2.5 million covering the initial year plus four additional option years.
• Agency: Unnamed U.S. Department of Defense agency; contract supports critical defence communications infrastructure.
• Procurement Vehicle: NASA SEWP (Solutions for Enterprise‑Wide Procurement) contract vehicle, facilitating federal procurement.
• Product/Service Delivered: Plurilock’s AI‑native cybersecurity software solutions providing protection for sensitive communications.
• Financial Expectations: Fulfilment costs and gross margins anticipated to be consistent with the company’s historical government software sales profile.

Notable Quotes

(No direct quotes were provided in the release.)