Business
Plurilock Corporate Update for Shareholders
CEO Ian L. Paterson will host a webinar and Q&A Tuesday July 23, 2024, at 1pm ET / 10am PT ...
About this update from Plurilock Security Inc
[{"type":"text","content":"\nPlurilock Corporate Update for ShareholdersCEO Ian L. Paterson will host a webinar and Q&A Tuesday July 23, 2024, at 1pm ET / 10am PT Announced over $20 million of new business since the beginning of the yearGrowth in Critical Services business driving margin expansionOversubscribed $5.5 million financing, warrant exercises, debt conversion fortifies balance sheetAttracting top industry talent for next phase of growthVancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Purilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) (\"Plurilock\" or the \"Company\"), a global cybersecurity services and solutions provider, announces a corporate update.Plurilock Corporate Update WebinarPlurilock Security CEO Ian L. Paterson will host a webinar later today to provide a business update and discuss industry developments followed by a live Q&A.When: Tuesday July 23, 2024, at 1pm ET / 10am PTRegister: HereA video replay will be available on the Plurilock website in the Investor section.Over $20 Million in New Orders Since the Beginning of the YearPlurilock maintains consistent order flow from both government and commercial clients across diverse industries and remains committed to supporting the critical infrastructure that underpins society. Plurilock has secured orders from major hospitals, a historic U.S. public institution, key airports, large pharmaceutical and Nasdaq 100 semiconductor companies, as well as the federal governments of Canada and the United States, among others. As Plurilock leverages these trusted relationships, the Company is now focused on delivering higher-margin solutions within its current footprint to both better serve our customers and maximize profitability. Further to unlocking more value with existing clients, Plurilock is also focused on new customer acquisition (through hiring new sales staff) and identifying further opportunities to broaden its portfolio. Since the beginning of the year the Company has announced over $20 million in new sales orders. On January 3, 2024, the Company received a US$4.7 million sale order from a U.S. public library.On January 24, 2024, the Company received a US$2.5 million cybersecurity sale order from the U.S. hospital system.On May 2, 2024, the Company received a $900,000 sale order from a key agency of the Government of Canada.On June 19, 2024, the Company announ...