Plurilock Announces $1.2 Million Software and Services Contract with Nasdaq Listed Semiconductor Manufacturer

Executive Summary

• Plurilock Security Inc. secured a new contract valued at $1,242,462, comprising a licensing renewal and professional services engagement with an existing global customer.
• The deal adds $320,454 of professional‑services revenue to the account, reflecting a “land‑and‑expand” strategy and increasing overall exposure to the client.
• Licensing renewal totals $922,008 for a one‑year term on the Data Loss Prevention (DLP) platform, indicating continued reliance on Plurilock’s core security solution.

Key Details

• Total contract value: $1,242,462.
• Licensing component: $922,008 for a one‑year renewal of the customer’s DLP platform.
• Professional services component: $320,454 for an 8‑month Security Operations Support (SOC) engagement.
• The professional‑services portion represents a net‑new expansion within the existing account.
• Plurilock expects fulfillment costs and gross margin to be consistent with historical performance disclosed in its latest MD&A.
• Contract terms are confidential and subject to non‑disclosure agreements.

Notable Quotes

“This engagement represents a meaningful expansion of our relationship with an important global customer,” said Ian L. Paterson, CEO of Plurilock. “It reinforces our land‑and‑expand model and further establishes Plurilock as a strategic cybersecurity partner to organizations operating in high‑risk, high‑value sectors.”