04:09:42 EDT Fri 21 Jun 2024
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Plurilock Security Inc (2)
Symbol PLUR
Shares Issued 10,294,845
Close 2024-05-02 C$ 0.335
Market Cap C$ 3,448,773
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Plurilock to sell network security tech to Cdn gov't

2024-05-03 01:27 ET - News Release

Mr. Ian Paterson reports


Plurilock Security Inc. will sell an advanced edge and network security solution to a key agency of the government of Canada in a combined hardware and software sale totalling $900,000.

The sale provides the agency with technology to upgrade certain high-security networks, providing new high-capacity and high performance capabilities. These capabilities will enable authorized users to work securely on these high-security networks from locations around the world, with maximum performance and while complying with current standards and best practices.

"It is our privilege to provide security technology to the government of Canada," said Ian L. Paterson, chief executive officer of Plurilock, "and we are proud to play a key part in securing these critical networks."

Engagement of investor relations service providers

Plurilock is also pleased to announce that it has engaged Investment Publishing LLC and Sophic Capital Inc. to provide investor relations services to the company.

The company entered into a marketing service agreement with Investment Publishing for the provision of investor relations and marketing services to the company. Pursuant to the terms of the Investment Publishing agreement, Investment Publishing will communicate information about the company to the financial community in an effort to increase public awareness of the company. The Investment Publishing agreement is for an initial term of 12 months, commencing on May 1, 2024, and provides for a fee of $26,666 per month for the first six months and $10,000 for the six months thereafter. The company and Investment Publishing may terminate the agreement at any time by mutual consent.

The company also entered into a capital market advisory agreement with Sophic Capital for the provision of investor relations services to the company. Pursuant to the terms of the Sophic Capital agreement, Sophic Capital will assist the company in the preparation of an investor communications plan, investor materials, news releases, road shows and conference calls. The Sophic Capital agreement is for a term of 12 months, commencing on May 15, 2024. In consideration for Sophic Capital's services, the company will pay Sophic Capital $8,000 per month. The Sophic Capital agreement will automatically renew for successive periods of six months. Either party may terminate the Sophic Capital agreement with 30 days prior written notice.

Investment Publishing, Sophic Capital and its principals are at arm's length to the company. Neither Investment Publishing, nor Sophic Capital, nor principals hold any securities of the company. The Investment Publishing agreement and the Sophic Capital agreement are subject to acceptance by the TSX Venture Exchange.

About Plurilock Security Inc.

Plurilock sells cybersecurity solutions to the U.S. and Canadian federal governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of critical services -- aiding clients with its expertise to defend against, detect and prevent costly data breaches and cyberattacks.

We seek Safe Harbor.

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