Plurilock Announces Four Cybersecurity Contract Renewals Totalling $1.19 Million Across Two Enterprise and Government Customers

Rhea-AI Summary

Plurilock (OTCQB: PLCKF) announced four contract renewals with two existing customers totaling $1,190,000 in recurring work.

Three short-term PLCS engagements (six to twelve months) expand support for a commercial firm's insider risk, SIEM, and executive communications; a twelve-month data security licensing renewal covers a national security–focused government agency.

Positive

• Signed contract renewals totalling $1,190,000
• Expanded scope with a commercial customer across insider risk, SIEM, and exec communications
• Twelve-month government data security license renews Plurilock’s presence in sensitive systems

Negative

• Agreements are short term (six to twelve months), limiting long‑term revenue visibility
• Commercial terms remain confidential, reducing investor transparency on margins and timing

News Market Reaction

-1.62%

1 alert

-1.62% News Effect

On the day this news was published, PLCKF declined 1.62%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity systems integrator, announces four cybersecurity contract renewals with two existing customers totaling $1,190,000.

The agreements include three Critical Services ("PLCS") contracts with a commercial firm and a data security licensing agreement with a national security focused government agency.

The three PLCS agreements, ranging from six to twelve months in duration, renew and expand Plurilock's role supporting the commercial firm's Insider Risk initiatives, Security Information and Event Management ("SIEM") operations, and executive communications programs. These engagements reflect expanded scope within an established relationship where Plurilock continues to be embedded across multiple security functions.

The data security licensing agreement represents a twelve-month renewal of an existing cybersecurity deployment within a national security focused government agency, reinforcing Plurilock's position as a trusted provider of specialized security technologies in highly sensitive government systems.

"These renewals demonstrate the strength of Plurilock's long-term customer relationships, our value proposition and our ability to become increasingly integrated into critical security programs over time," said Ian L. Paterson, CEO of Plurilock. "We often begin by solving a specific challenge, and through performance and trust, we expand across broader mandates. This pattern of organic account growth, combined with reoccurring renewals, is core to how we execute on our mission of securing the systems that underpin society."

Consistent with Plurilock's historical Professional Services and licensing agreements, the Company expects fulfillment and delivery to align with previously disclosed operating practices, as outlined in its most recent MD&A. Additional details regarding the commercial terms of the agreements remain confidential.

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/282621

FAQ

What contracts did Plurilock (PLCKF) announce on February 4, 2026?

Plurilock announced four renewals totaling $1,190,000. According to the company, three are six‑ to twelve‑month PLCS contracts and one is a twelve‑month government data security licensing renewal.

How do the PLCS renewals affect Plurilock's relationship with its commercial customer?

The PLCS renewals expand Plurilock’s role across insider risk, SIEM and executive communications. According to the company, this reflects deeper integration and organic account growth within an established relationship.

What is the duration and nature of the government agreement in the Plurilock release?

The government agreement is a twelve‑month data security licensing renewal. According to the company, it continues an existing cybersecurity deployment with a national security‑focused agency.

Will the $1.19 million in renewals immediately impact Plurilock’s revenue guidance?

The company expects fulfillment to align with prior operating practices and disclosures. According to the company, additional commercial terms remain confidential, so timing and margin impacts are not detailed.

Does the Plurilock announcement signal durable revenue growth for PLCKF investors?

Renewals and expanded scope indicate recurring business and account expansion. According to the company, the pattern is organic growth via performance and trust, though contracts are short term and terms are confidential.