Plurilock wins $868,600 (U.S.) follow-on contracts

Executive Summary

• Plurilock Security Inc. secured follow‑on contracts worth US$868,600 with an existing Nasdaq‑listed semiconductor manufacturer.
• The agreements comprise a 8‑month direct services engagement ($676,000) and a 6‑month resell services expansion ($192,600) to provide 24/7 security operations centre (SOC) services.
• The contracts expand Plurilock’s footprint in the high‑technology manufacturing sector and are expected to generate fulfillment costs and gross margin profiles consistent with historical performance.

Key Details

• Total contract value: US$868,600.
• Direct services component: 8‑month engagement valued at US$676,000 for design, implementation, and operation of a 24/7 SOC.
• Resell services component: 6‑month expansion valued at US$192,600 to broaden service offerings to the client.
• Service scope: Continuous threat detection, proactive defence, rapid incident response, and ongoing SOC management by Plurilock’s Critical Services (PLCS) and SecOps teams.
• Client sector: Semiconductor and high‑technology manufacturing, a segment with heightened cyber risk due to its strategic importance.
• Technology partnership: Integration of advanced endpoint detection and response (EDR) capabilities from a leading cybersecurity technology partner to enhance detection speed and accuracy.
• Financial expectations: Fulfilment costs and gross margin profile anticipated to align with historical performance as disclosed in Plurilock’s latest MD&A.
• Confidentiality: Detailed contract terms remain confidential under non‑disclosure agreements.

Notable Quotes

“Our critical services business continues to deliver for enterprise clients that demand trusted, always‑on cybersecurity operations,” – Ian L. Paterson, CEO, Plurilock Security Inc.

“This engagement exemplifies how we build long‑term client relationships, earning trust through performance and expanding into larger, reoccurring service opportunities over time.” – Ian L. Paterson, CEO, Plurilock Security Inc.