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

Rhea-AI Summary

Plurilock (OTCQB: PLCKF) announced a $1,242,462 contract with a Nasdaq-listed semiconductor manufacturer to provide software licensing and professional services. The contract comprises a $922,008 one-year licensing renewal for a Data Loss Prevention (DLP) platform and an $320,454 eight-month professional services engagement for Security Operations Support (SOC).

The deal expands a long-standing customer relationship, represents a licensing increase, and adds net-new Professional Services inside the account, consistent with Plurilock’s stated land-and-expand strategy. Plurilock expects fulfillment costs and gross margin profiles to align with historical performance. Specific contract terms remain confidential.

Positive

• Contract value of $1,242,462
• Licensing renewal of $922,008 for one year
• Professional services engagement of $320,454 for eight months
• Expansion of services inside an existing enterprise account

Negative

• Limited disclosure — key contract terms are confidential
• Short-term term — licensing is one year and services eight months

News Market Reaction – PLCKF

+1.49%

1 alert

+1.49% News Effect

On the day this news was published, PLCKF gained 1.49%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total contract value: $1,242,462 Licensing renewal: $922,008 Professional services: $320,454 +2 more

5 metrics

Total contract value $1,242,462 Software licensing and professional services contract

Licensing renewal $922,008 One-year Data Loss Prevention platform renewal

Professional services $320,454 8-month Security Operations Support engagement

Contract term - licensing 1 year Duration of DLP licensing renewal

Contract term - services 8 months Duration of Security Operations Support engagement

Market Reality Check

Price: $0.0953 Vol: Volume 27,772 is 0.48x th...

low vol

$0.0953 Last Close

Volume Volume 27,772 is 0.48x the 20-day average of 58,058, indicating subdued trading interest pre-announcement. low

Technical Shares at 0.1447 are trading below the 200-day MA of 0.17 and sit 62.42% under the 52-week high.

Peers on Argus

Peers showed mixed moves: TGCB up 38.59%, CYBCF up 2.99%, PLGGF down 2.92%, SDCH...

Peers showed mixed moves: TGCB up 38.59%, CYBCF up 2.99%, PLGGF down 2.92%, SDCH down 3.05%, while PLCKF was down 0.42% pre-news, pointing to stock-specific dynamics rather than a unified sector move.

Common Catalyst Peer headlines included an earnings release for TGCB and a product launch for PLGGF, while PLCKF’s news focused on a specific software and services contract win.

Historical Context

5 past events · Latest: Dec 05 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 05	Management change	Neutral	-3.5%	Promotion of Veera Singh to CFO and transition from current CFO.
Dec 02	Customer contract win	Positive	+1.5%	Award of $1.24M software licensing and professional services contract.
Nov 24	Earnings timing	Neutral	+5.1%	Announcement of dates and webcast for Q3 2025 financial results.
Nov 05	Customer services deal	Positive	-0.3%	US$868,600 critical services contracts for 24/7 SOC capabilities.
Nov 03	Public sector contract	Positive	-3.7%	US$624,000 software and services deal with U.S. state law enforcement.

Pattern Detected

Recent contract wins have not consistently translated into positive price reactions, with two prior sizable cybersecurity contracts seeing negative next-day moves despite positive operational implications.

Recent Company History

Over the last few months, Plurilock announced multiple cybersecurity contracts and corporate updates. On Nov 3, 2025 and Nov 5, 2025, it reported US$ contracts of $624,000 and $868,600, both followed by negative price reactions of -3.7% and -0.34%. The current $1,242,462 contract on Dec 2, 2025 drew a modest +1.49% move. An earnings-date announcement on Nov 24, 2025 coincided with a +5.09% reaction, while a new CFO appointment on Dec 5, 2025 saw a -3.49% move.

Market Pulse Summary

This announcement highlights a $1,242,462 software licensing and services contract that expands a lo...

Analysis

This announcement highlights a $1,242,462 software licensing and services contract that expands a long-standing relationship with a Nasdaq-listed semiconductor customer. It reinforces Plurilock’s land-and-expand approach, adding a $922,008 DLP renewal and $320,454 in Security Operations Support over defined terms. Compared with recent six-figure contracts, it continues a pattern of recurring wins. Investors may watch future MD&A for confirmation that fulfillment costs and gross margins track prior disclosures and that similar deals continue to materialize.

Key Terms

data loss prevention (DLP), security operations support (SOC)

2 terms

data loss prevention (DLP) technical

"The combined $1,242,462 contract consists of a one-year, $922,008 licensing renewal for the customer's Data Loss Prevention (DLP) platform"

Data loss prevention (DLP) is software and processes designed to stop sensitive information from leaving an organization accidentally or on purpose, like a security guard that checks files and communications to prevent leaks. Investors care because data breaches or leaks can cause legal fines, customer loss and damaged reputation, which can lower revenue and share value; DLP helps reduce that financial and operational risk.

security operations support (SOC) technical

"and an 8-month, $320,454 professional services engagement for Security Operations Support (SOC)."

Security operations support (SOC) is the team, tools and processes that continuously monitor a company’s digital systems for hacking, fraud or other threats, then investigates and responds to incidents—like a neighborhood watch and emergency crew for a firm’s computer systems. It matters to investors because timely detection and response reduce the risk of stolen assets, trading disruptions, regulatory fines and reputational damage that can materially affect a company’s value.

AI-generated analysis. Not financial advice.

• Expands long-standing relationship; adds new Professional Services on top of licensing increase
• Supports enterprise-wide Data Loss Prevention and Security Operations initiatives
• Demonstrates continued execution of Plurilock's land-and-expand strategy

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity systems integrator, announces that it has been awarded a new contract totalling $1,242,462 for software licensing and professional services.

The combined $1,242,462 contract consists of a one-year, $922,008 licensing renewal for the customer's Data Loss Prevention (DLP) platform and an 8-month, $320,454 professional services engagement for Security Operations Support (SOC). This contract represents a licensing increase and marks a net-new expansion of Plurilock's Professional Services inside the account.

"This engagement represents a meaningful expansion of our relationship with an important global customer," said Ian L. Paterson, CEO of Plurilock. "We began with a smaller footprint, demonstrated consistent value, and earned additional trust over time. This contract adds new Professional Services on top of the existing licensing relationship, reinforcing our land-and-expand model and further establishing Plurilock as a strategic cybersecurity partner to organizations operating in high-risk, high-value sectors."

As with prior software licensing and professional services contracts, Plurilock expects fulfillment costs and gross margin profiles to remain consistent with historical performance as disclosed in its latest MD&A. Further details with respect to the terms of the contract are subject to confidentiality and non-disclosure.

About Plurilock

Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure isn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises, we defend critical infrastructure and safeguard the systems that power modern life. Our Critical Services division delivers operational resilience through unmatched expertise, proprietary IP, and AI-driven playbooks.

For more information, visit https://www.plurilock.com or contact:

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720

Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276587

FAQ

What did Plurilock (PLCKF) announce on December 2, 2025?

Plurilock announced a new $1,242,462 contract with a Nasdaq-listed semiconductor manufacturer for DLP licensing and SOC professional services.

How is the $1,242,462 Plurilock (PLCKF) contract broken down?

The contract includes a $922,008 one-year licensing renewal and a $320,454 eight-month professional services engagement.

What products and services does Plurilock (PLCKF) provide under the contract?

Plurilock will supply Data Loss Prevention (DLP) software licensing and Security Operations Support (SOC) professional services.

Does the Plurilock (PLCKF) announcement indicate margin changes?

Plurilock expects fulfillment costs and gross margin profiles to remain consistent with historical performance.

Does the Plurilock (PLCKF) release name the customer or full contract terms?

No; the customer is described as a Nasdaq-listed semiconductor manufacturer and specific contract terms are confidential.