Plurilock Announces U.S. Federal and State Data Center Sales Totaling CAD$1.1 Million and Payment of Debenture Interest

Executive Summary

• Plurilock Security Inc. announced the sale of data center build-out and security technology services to U.S. federal and state government customers, totaling CAD$1.1 million.
• The company also executed a debt-to-equity conversion, issuing 682,688 common shares to satisfy $88,750 in interest payments on outstanding convertible debentures.
• The government contracts include cybersecurity software for the California State Legislature, server components for the Defense Information Systems Agency (DISA), and infrastructure support for the U.S. Federal Trade Commission.

Key Details

• Government Contract Revenue: Total sales of CAD$1.1 million to U.S. federal and state government entities.
• Contract Specifics:
  • California State Legislature: Cybersecurity software for a data center, including endpoint detection and response (EDR), data security, application control, and three years of support.
  • Defense Information Systems Agency (DISA): High-performance server components for the U.S. Department of Defense.
  • U.S. Federal Trade Commission: Data center infrastructure support and service plans.
• Financial Expectations: Plurilock expects fulfillment costs and gross margin profiles to remain consistent with historical performance as disclosed in its latest MD&A.
• Debt Conversion Details:
  • Instrument: 10% unsecured convertible debentures (comprising "September Debentures" of $275,000 and "October Debentures" of $3,000,000).
  • Interest Paid: $88,750 in interest payable as of June 30, 2026.
  • Shares Issued: 682,688 Common Shares.
  • Share Price: $0.13 per share (deemed share price based on the closing market price on June 29, 2026).
  • Counterparties: Computershare Trust Company of Canada (September 2022 indenture) and Odyssey Trust Company (October 2025 indenture).

Notable Quotes

• "Plurilock and its Aurora subsidiary have served U.S. state and federal government customers for over 35 years," said Ian L. Paterson, CEO of Plurilock. "These orders illustrate Plurilock's continued ability to serve every layer of government across the entire modern data center stack."