Mr. Ian Paterson reports

PLURILOCK SIGNS US$2.2 MILLION CONTRACT WITH U.S. DEPARTMENT OF DEFENSE

Plurilock Security Inc. has signed a $2.2-million (U.S.) contract with the United States Department of Defense for a period of one year.

The customer has previously signed multiple contracts with Plurilock and represents one of the company's existing customers within the government vertical in North America. The company intends to continue strengthening the relationship with the customer as well as other existing customers within the public sector.

"We are pleased to sign a new contract with the U.S. Department of Defense," said Ian L. Paterson, chief executive officer of Plurilock. "As part of our sales strategy, we aim to maintain a strong business relationship with existing customers across various sectors. This bodes well for our ongoing efforts to drive revenue growth and improve gross margins as a result of an increase in cross-sell opportunities within our customer base."

About Plurilock Security Inc.

Plurilock secures work forces in the age of artificial intelligence through its Plurilock AI platform, delivering advanced identity, data safety and guard rails to safely implement AI solutions to commercial and government customers worldwide. With patented artificial intelligence and patented real-time identity confirmation technology, Plurilock AI enables zero-trust architecture and identity threat detection and response capabilities for regulated organizations with remote work forces. Through its solutions division, Plurilock aggregates world-class information technology services and brings a comprehensive line of products that enables teams across North America and the globe to compute safely in a remote work world.

We seek Safe Harbor.