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Plurilock Security Inc
Symbol PLUR
Shares Issued 102,948,453
Close 2024-01-23 C$ 0.045
Market Cap C$ 4,632,680
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Plurilock receives sale order from U.S. hospital system

2024-01-24 11:44 ET - News Release

Mr. Ian Paterson reports

PLURILOCK RECEIVES US$2.5 MILLION CYBERSECURITY SALE ORDER FROM U.S. HOSPITAL SYSTEM

Plurilock Security Inc. has received a $2.5-million (U.S.) three-year sale order from a U.S. hospital system (the customer).

The sale, which provides several key enterprise cybersecurity capabilities, further expands a solution that the company initially delivered to the hospital system in October, 2022. The sale was completed through the company's Aurora East team, which was acquired as part of the Atrion Communications Inc. September, 2022, asset acquisition.

Cybersecurity is an increasing concern for health care and hospital systems, which have seen a rapid rise in cybersecurity attacks in recent years, putting the health care data of millions of patients at risk and leading in part to New York's proposed new cybersecurity rules for hospitals, published on Dec. 6, 2023.

This increasing risk trend in health care matches the trend across virtually all industries and points to the growing importance of cybersecurity for organizations of all kinds, both in North America and beyond.

"We're excited to announce this $2.5-million (U.S.) cybersecurity sale to a U.S. hospital system," said Ian L. Paterson, chief executive officer of Plurilock. "With New York becoming the first to announce cybersecurity requirements for hospitals, we expect hospital systems across the U.S. to continue to accelerate their cybersecurity investments. This transaction's size, prominence and the fact that it's a repeat order to expand previously delivered capabilities all showcase how Plurilock can help hospital systems stay secure, the effectiveness of Plurilock's exceptional Atrion team, and the broad success of our strategy to expand commercially through smart, laser-focused M&A activity."

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 enable teams across North America and the globe to compute safely in a remote work world.

We seek Safe Harbor.

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