Saturday, October 25, 2025

Latest

Plurilock Enters Cloud Software Contract With US Agency Worth Up To $1.1 Million

FULL DISCLOSURE: This is sponsored content for Plurilock.

Plurilock Security (TSXV: PLUR) has secured yet another contract within the United States. The latest agreement is with an agency focused on advancing U.S. foreign policy, as the company continues to embed itself within the U.S. government.

The agreement, entered into with the U.S. International Development Finance Corporation, is for an initial US$221,000 in the base year, and four subsequent option years for a similar figure. Collectively, the agreement is valued at up to US$1.1 million, with the services to be provided focused around cloud software.

“A cloud-centric cybersecurity strategy demonstrates a commitment to client confidentiality, legal integrity, and business success. The shift towards cloud-based technologies can introduce new complexities that IT teams may not be equipped to handle, and these complexities can create vulnerabilities if not properly addressed. Our customers trust us with their cybersecurity needs, and Plurilock will continue to provide the cloud architecture required for data protection, data privacy, and corporate survival,” commented CEO Ian L. Paterson.

READ: Plurilock To Review U.S. Strategic Options, Engages Clear Street Investment Banking

The agreement follows Plurilock last week indicating that it was reviewing strategic options for the US market, engaging Clear Street Investment Banking in the process. The company currently sees 89% of its sales revenue come from the US market, with the government itself being the firms largest customer.

Plurilock Security last traded at $0.91 on the TSX Venture.


FULL DISCLOSURE: Plurilock Security is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Plurilock Security. The author has been compensated to cover Plurilock Security on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Plurilock Adds 35-Year IT Sales Veteran To Industry Advisory Council

Plurilock Security (TSXV: PLUR) continues to strengthen its Industry Advisory Council, with the company this...
Tuesday, July 30, 2024, 10:07:15 AM

Plurilock Lands $2.5 Million Order From Department Of National Defense

Plurilock Security (TSXV: PLUR) continues to secure sales contracts with government agencies. The latest sale...
Thursday, December 5, 2024, 08:16:59 AM

Plurilock Files Patent For Generative AI Tech That Prevents Sensitive Data From Being Leaked

Plurilock Security (TSXV: PLUR) has continued to develop security products for use with generative artificial...
Wednesday, August 14, 2024, 08:39:55 AM

Cybersecurity Boom: Abnormal Security Closes Funding At 25x Revenue Valuation

FULL DISCLOSURE: This is sponsored content for Plurilock. Abnormal Security has closed a $250 million Series...

Wednesday, August 7, 2024, 09:28:27 AM

Plurilock Signs US$820,000 Sales Order With Law Enforcement Agency

Plurilock Security (TSX: PLUR) has secured another sales order with a government agency. The latest...
Monday, November 18, 2024, 08:13:00 AM