Mr. Ian Paterson reports
PLURILOCK ANNOUNCES $1.2 MILLION SOFTWARE AND SERVICES CONTRACT WITH NASDAQ LISTED SEMICONDUCTOR MANUFACTURER
Plurilock Security Inc. has been awarded a new contract totalling $1,242,462 for software licensing and professional services.
The combined $1,242,462 contract consists of a one-year $922,008 licensing renewal for the customer's data loss prevention platform and an eight-month $320,454 professional service engagement for security operations support. This contract represents a licensing increase and marks a net new expansion of Plurilock's professional services inside the account.
"This engagement represents a meaningful expansion of our relationship with an important global customer," said Ian L. Paterson, chief executive officer of Plurilock. "We began with a smaller footprint, demonstrated consistent value and earned additional trust over time. This contract adds new professional services on top of the existing licensing relationship, reinforcing our land-and-expand model and further establishing Plurilock as a strategic cybersecurity partner to organizations operating in high-risk, high-value sectors."
As with prior software licensing and professional service contracts, Plurilock expects fulfilment costs and gross margin profiles to remain consistent with historical performance as disclosed in its latest management's discussion and analysis. Further details with respect to the terms of the contract are subject to confidentiality and non-disclosure.
About Plurilock Security Inc.
Plurilock is a services-led, product-enabled, artificial-intelligence-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure is not an option. Trusted by Five Eyes governments, North Atlantic Treaty Organization-aligned agencies and Global 2000 enterprises, it defends critical infrastructure and safeguards the systems that power modern life. Its critical services division delivers operational resilience through unmatched expertise, proprietary intellectual property and AI-driven playbooks.
We seek Safe Harbor.
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