Plurilock Announces US$868,600 in Critical Services Contracts with Nasdaq Listed Semiconductor Manufacturer

Executive Summary

• Plurilock Security Inc. secured follow‑on contracts worth US$868,600 with an existing NASDAQ‑listed semiconductor client for Security Operations Center (SOC) services.
• The agreement comprises a US$676,000 eight‑month direct services engagement and a US$192,600 six‑month resell services expansion, expanding Plurilock’s footprint in the high‑technology manufacturing sector.
• The contracts reinforce Plurilock’s “Critical Services” business line and are expected to generate gross margin and cost profiles consistent with historical performance.

Key Details

• Total contract value: US$868,600.
• Direct services component: US$676,000 for an eight‑month engagement delivering 24/7 SOC design, implementation, and operation.
• Resell services component: US$192,600 for a six‑month expansion of existing service offerings.
• Client sector: Semiconductor and high‑technology manufacturing (NASDAQ‑listed client).
• Service scope: Continuous threat detection, proactive defense, rapid incident response via Plurilock’s Critical Services (“PLCS”) and Security Operations (“SecOps”) teams.
• Technology partnership: Integration of advanced endpoint detection and response (EDR) capabilities from a leading cybersecurity technology partner to enhance service delivery.
• Financial expectations: Fulfillment costs and gross margin profiles anticipated to remain consistent with historical performance as disclosed in the latest MD&A.
• Confidentiality: Detailed contract terms are subject to confidentiality agreements and non‑disclosure obligations.

Notable Quotes

“Our Critical Services business continues to deliver for enterprise clients that demand trusted, always‑on cybersecurity operations,” said Ian L. Paterson, CEO of Plurilock.
“This award highlights the strong performance of our expanding SecOps practice and the deep confidence that large, publicly traded organizations place in Plurilock to protect their most sensitive assets.”

The release contains forward‑looking statements; actual results may differ due to risks and uncertainties.