Plurilock Announces $2.54 Million CAD Sale to NASDAQ-Listed Enterprise for AI Cybersecurity

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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 $2.54 million CAD, multi-year agreement with a NASDAQ-listed enterprise.

The contract, valued at $2,537,720 CAD ($1,850,000 USD) over 3 years, follows the discovery of high-risk misconfigurations in the client's email security environments. Plurilock's services-led, product-enabled, AI-native approach enabled the Company's Critical Services team to assess the risk. The team recommended the right solution and implemented a behavioral AI email security platform to mitigate phishing threats and reduce operational strain on the client's Security Operations Center.

"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?

The contract is valued at $2.54 million CAD ($1.85 million USD) over a 3-year period.

What services will Plurilock (PLCKF) provide under the new contract?

Plurilock will implement a behavioral AI email security platform to mitigate phishing threats and reduce operational strain on the client's Security Operations Center.

When will Plurilock (PLCKF) begin fulfilling the new cybersecurity contract?

Contract fulfillment began during Q2 2025.

Who is the client for Plurilock's (PLCKF) new $2.54M contract?

The client is a NASDAQ-listed enterprise, though specific details are subject to confidentiality.

How does this contract align with Plurilock's (PLCKF) business strategy?

The contract aligns with Plurilock's strategic shift toward recurring, higher-margin software and service engagements in the U.S. commercial market.