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Plurilock Secures CAD$1.4 Million Contract with Canadian Federal Government
Strengthens Plurilock's footprint in the Canadian federal market, reinforcing its reputation as a...
About this update from Plurilock Security Inc
[{"type":"text","content":"Plurilock Secures CAD$1.4 Million Contract with Canadian Federal GovernmentStrengthens Plurilock's footprint in the Canadian federal market, reinforcing its reputation as a trusted vendor for critical government initiatives.Plurilock continues to leverage its deep expertise in cybersecurity, IT infrastructure, and compliance-driven technology solutions.Secured via a competitive bid process, the contract reinforces Plurilock's reputation for cost-effective solutions.Vancouver, British Columbia--(Newsfile Corp. - March 10, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) (\"Plurilock\" or the \"Company\"), a global cybersecurity services and solutions provider, announces it has been awarded a three-year sales order for a total of CAD$1.478 million with the Treasury Board of Canada Secretariat for secure IT solutions.Federal agencies require robust security and compliance frameworks for IT implementations, and the Treasury Board Secretariat has selected Plurilock to ensure secure deployment and operational integrity within key federal programs. The one-year contract, with two optional renewal years for a total potential duration of three years, was secured through the Company's subsidiary Integra Networks Corporation.\"Winning this contract with the Treasury Board Secretariat is another testament to Plurilock's ability to deliver secure, enterprise-grade IT solutions to government agencies,\" said Ian L. Paterson, CEO of Plurilock. \"As cybersecurity and digital transformation remain top priorities for federal organizations, we look forward to supporting Canada's government with technology that enhances operational efficiency while maintaining the highest security standards.\"The contract, awarded through a competitive bidding process, highlights Plurilock's expertise in IT infrastructure and compliance-driven technology designed to meet essential infrastructure needs at a competitive price. In connection with this CAD$1.478 million sales order, Plurilock anticipates that both the expenses associated with fulfillment of this order and the gross margin will be consistent with the Company's historic Solutions Division hardware and system sales business as previously reported in the Company's most recent MD&A. Plurilock expects delivery and fulfillment to begin during Q1 2025. Further details with respect to the terms o...