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

• 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.