Plurilock Announces $2.54 Million CAD Sale to NASDAQ-Listed Enterprise for AI Cybersecurity
Plurilock Security (OTCQB: PLCKF) has secured a significant $2.54 million CAD ($1.85 million USD) multi-year contract with a NASDAQ-listed enterprise. The 3-year agreement focuses on implementing AI-native cybersecurity solutions after discovering high-risk misconfigurations in the client's email security systems.
The company's Critical Services team will deploy a behavioral AI email security platform to combat phishing threats and reduce operational strain. The contract, which began fulfillment in Q2 2025, aligns with Plurilock's strategic shift toward recurring, higher-margin software and service engagements in the U.S. commercial market.
Plurilock Security (OTCQB: PLCKF) ha ottenuto un importante contratto pluriennale del valore di 2,54 milioni di CAD (1,85 milioni di USD) con un'azienda quotata al NASDAQ. L'accordo triennale prevede l'implementazione di soluzioni di cybersecurity basate su AI, a seguito dell'individuazione di configurazioni ad alto rischio nei sistemi di sicurezza email del cliente.
Il team dei Servizi Critici dell'azienda installerà una piattaforma di sicurezza email comportamentale basata su AI per contrastare le minacce di phishing e ridurre il carico operativo. Il contratto, che ha avuto inizio nel secondo trimestre del 2025, è in linea con la strategia di Plurilock di orientarsi verso servizi e software ricorrenti a margine più elevato nel mercato commerciale statunitense.
Plurilock Security (OTCQB: PLCKF) ha asegurado un contrato plurianual significativo por 2.54 millones de CAD (1.85 millones de USD) con una empresa listada en NASDAQ. El acuerdo de 3 años se centra en implementar soluciones de ciberseguridad nativas de IA tras descubrir configuraciones de alto riesgo en los sistemas de seguridad de correo electrónico del cliente.
El equipo de Servicios Críticos de la empresa desplegará una plataforma de seguridad de correo electrónico basada en IA conductual para combatir amenazas de phishing y reducir la carga operativa. El contrato, que comenzó a ejecutarse en el segundo trimestre de 2025, se alinea con el cambio estratégico de Plurilock hacia servicios y software recurrentes con márgenes más altos en el mercado comercial de EE. UU.
Plurilock Security (OTCQB: PLCKF)는 NASDAQ 상장 기업과 함께 254만 캐나다 달러(185만 미국 달러) 규모의 다년 계약을 체결했습니다. 3년 계약은 고객의 이메일 보안 시스템에서 고위험 설정 오류를 발견한 후 AI 기반 사이버 보안 솔루션 구현에 중점을 둡니다.
회사의 중요 서비스 팀은 행동 기반 AI 이메일 보안 플랫폼을 배포하여 피싱 위협에 대응하고 운영 부담을 줄일 예정입니다. 2025년 2분기부터 계약 이행이 시작되었으며, 이는 Plurilock가 미국 상업 시장에서 재발생하는 고수익 소프트웨어 및 서비스 중심으로 전략을 전환하는 것과 일치합니다.
Plurilock Security (OTCQB : PLCKF) a obtenu un contrat pluriannuel important d'une valeur de 2,54 millions de dollars canadiens (1,85 million de dollars américains) avec une entreprise cotée au NASDAQ. Cet accord de 3 ans vise à déployer des solutions de cybersécurité natives de l'IA après la découverte de mauvaises configurations à haut risque dans les systèmes de sécurité des emails du client.
L'équipe des Services Critiques de la société déploiera une plateforme de sécurité des emails basée sur l'IA comportementale pour lutter contre les menaces de phishing et réduire la charge opérationnelle. Le contrat, dont l'exécution a commencé au 2e trimestre 2025, s'inscrit dans la stratégie de Plurilock visant à privilégier les engagements récurrents de logiciels et services à plus forte marge sur le marché commercial américain.
Plurilock Security (OTCQB: PLCKF) hat einen bedeutenden mehrjährigen Vertrag im Wert von 2,54 Millionen CAD (1,85 Millionen USD) mit einem an der NASDAQ gelisteten Unternehmen abgeschlossen. Die dreijährige Vereinbarung konzentriert sich auf die Implementierung von KI-basierten Cybersicherheitslösungen, nachdem hochriskante Fehlkonfigurationen in den E-Mail-Sicherheitssystemen des Kunden entdeckt wurden.
Das Critical Services Team des Unternehmens wird eine verhaltensbasierte KI-E-Mail-Sicherheitsplattform einsetzen, um Phishing-Bedrohungen zu bekämpfen und die operative Belastung zu reduzieren. Der Vertrag, dessen Umsetzung im 2. Quartal 2025 begann, entspricht Plurilocks strategischer Ausrichtung auf wiederkehrende, margenstärkere Software- und Serviceverträge im US-amerikanischen Geschäftsmarkt.
- Secured significant $2.54 million CAD contract over 3 years
- Strategic shift to recurring, higher-margin software and services
- Expansion in U.S. commercial market with NASDAQ-listed client
- Contract terms align with historical Solutions Division metrics
- None.
Services-led, product-enabled, AI-native cybersecurity engagement in commercial sector
Engagement aligns with Plurilock's broader strategy shift toward re-occurring, higher-margin software and service engagements
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity solutions provider, announces a new
The contract, valued at
"This engagement reflects the growing demand for frictionless, high-trust, execution-focused cybersecurity partnerships," said Ian L. Paterson, CEO of Plurilock. "It showcases our ability to identify and mitigate risks, strengthening our client relationships. This approach supports our shift toward highly visible, re-occurring, higher-margin software and services in the U.S. commercial market."
Fulfillment began during Q2 2025. Financial terms and gross margins are consistent with Plurilock's historical Solutions Division metrics as previously reported in the Company's most recent MD&A. Further details with respect to the terms of the contract are subject to confidentiality and non-disclosure.
About Plurilock
Plurilock sells cybersecurity solutions to the United States and Canadian Federal Governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of Critical Services, aiding clients with our expertise to defend against, detect, and prevent costly data breaches and cyberattacks.
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) accepts 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/256864
FAQ
What is the value of Plurilock's (PLCKF) new cybersecurity contract?
What services will Plurilock (PLCKF) provide under the new contract?
When will Plurilock (PLCKF) begin fulfilling the new cybersecurity contract?
Who is the client for Plurilock's (PLCKF) new $2.54M contract?
How does this contract align with Plurilock's (PLCKF) business strategy?
