Plurilock Security launches cybersecurity program

• Plurilock Security Inc. announced the launch of a new compliance readiness program for the Canadian Program for Cyber Security Certification (CPCSC) on May 6, 2026.
• The company secured three critical services contracts totaling CAD $1.31 million with a major global semiconductor manufacturer on May 5, 2026.
• These contracts involve specialized security operations including SOC engineering and data loss prevention enhancements.
• Financial outlook for these engagements expects fulfillment costs and gross margin profiles to remain consistent with historical performance disclosed in the latest MD&A.
• A complimentary webinar regarding CPCSC Level 1 requirements is scheduled for May 12, 2026.

• The contract wins represent incremental revenue growth but are not unexpected given the company's stated strategy of expanding Critical Services and defense contracts throughout late 2025 and early 2026.
• The stock price closed at $0.10 on May 5, 2026, coinciding with the contract announcement, indicating the market did not view this as a significant catalyst to reverse the recent downtrend.
• Previous financing rounds in April 2026 were dilutive (special warrants converting to shares), which likely dampened investor enthusiasm for new revenue announcements.
• The news confirms execution on the company's growth strategy but does not alter the fundamental risk profile regarding cash burn and capital needs.

• Plurilock Security Inc. operates in the cybersecurity sector focusing on compliance readiness and critical services for defense and commercial clients.
• Flagship initiatives include the AI-native cyber resilience platform and expansion into government defense supply chains (CPCSC, CMMC).
• The company has shifted focus towards higher margin Critical Services which grew 48% year-over-year in FY2025 to $12.65M.
• Revenue growth was 5% year-over-year for FY2025 totaling $60.99M, driven by software and services rather than hardware sales.