Business
Plurilock Announces CA$900,000 Sale to Canadian Federal Government Agency and Engagement of Investor Relations Service Providers
Sale Will Provide Edge and Network Security Solution for Protected and Classified Networks Vanco...
About this update from Plurilock Security Inc
[{"type":"text","content":"Plurilock Announces CA$900,000 Sale to Canadian Federal Government Agency and Engagement of Investor Relations Service ProvidersSale Will Provide Edge and Network Security Solution for Protected and Classified NetworksVancouver, British Columbia--(Newsfile Corp. - May 2, 2024) - Plurilock Security Inc. (TSXV: PLUR) (\"Plurilock\" or the \"Company\"), is pleased to announce the sale of an advanced edge and network security solution to a key agency of the Government of Canada, in a combined hardware and software sale totaling CA$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,\" says Ian L. Paterson, CEO of Plurilock, \"and we are proud to play a key part in securing these critical networks.\"Engagement of Investor Relations Service ProvidersPlurilock is also pleased to announce that it has engaged Investment Publishing LLC (\"Investment Publishing\") and Sophic Capital Inc. (\"Sophic Capital\") to provide investor relations services to the Company.The Company entered into a marketing services agreement (the \"Investment Publishing 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 markets advisory agreement (the \"Sophic Capital 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 th...