Plurilock Announces New Critical Services Contracts Totaling CAD$1.13 Million
Rhea-AI Summary
Plurilock (OTCQB: PLCKF) announced multiple new Critical Services contracts totaling CAD$1.13 million across semiconductor manufacturing, consumer storage, and mining customers.
Four contracts extend work with a major global semiconductor manufacturer, while additional agreements cover data center modernization and firewall security and automation services. Margin profiles are expected to match historical levels.
Positive
- New Critical Services contracts totaling CAD$1.13 million
- Four additional contracts with a major global semiconductor manufacturer
- Expanded cybersecurity services including AI security operations and SOC engineering
- Entry into or expansion within consumer storage and mining customer segments
- Gross margin profile expected to remain consistent with historical performance
Negative
- Contract terms undisclosed due to confidentiality, limiting visibility into duration and scope
- No quantified impact on revenue timing or profitability beyond historical margin expectations
News Market Reaction – PLCKF
In the May 13 session, PLCKF gained 3.90%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services provider, announces multiple new Critical Services contracts totaling CAD
Four new contracts are with a major global semiconductor manufacturer, extending and expanding a longstanding relationship. The engagements include security change management support, AI security operations support, security operations center (SOC) engineering and support services, and security assessment work.
Plurilock will also provide onsite engineering services for a national consumer storage company to support a data center modernization initiative, including assembly, installation, configuration, and integration of advanced compute and storage systems.
Plurilock will also deliver firewall security and automation services for a Canadian mining company through one of its Canadian alliance partners.
As with prior 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 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
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/297261