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Plurilock Signs US$2.2 Million Contract with U.S. Department of Defense
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2023) - Plurilock Security Inc. (TSXV: ...
About this update from Plurilock Security Inc
[{"type":"text","content":"Plurilock Signs US$2.2 Million Contract with U.S. Department of DefenseVancouver, British Columbia--(Newsfile Corp. - August 16, 2023) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries (\"Plurilock\" or the \"Company\"), an identity-centric cybersecurity solutions provider for workforces, is pleased to announce that the Company has signed a US$2.2 million contract with the U.S. Department of Defense (the 'Customer') for a period of 1 year.The Customer has previously signed multiple contracts with Plurilock and represents one of the Company's existing customers within the government vertical in North America. The Company intends to continue strengthening the relationship with the Customer as well as other existing customers within the public sector. \"We are pleased to sign a new contract with the U.S. Department of Defense,\" said Ian L. Paterson, CEO of Plurilock. \"As part of our sales strategy, we aim to maintain a strong business relationship with existing customers across various sectors. This bodes well for our ongoing efforts to drive revenue growth and improve gross margins as a result of an increase in cross-sell opportunities within our customer base.\"About PlurilockPlurilock secures workforces in the age of AI 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 workforces. Through its Solutions Division, Plurilock aggregates world-class IT 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.For more information, visit https://www.plurilock.com or contact:Ian L. PatersonChief Executive [email protected] SinghInvestor [email protected] StatementsThis press release may contain certain forward-looking statements and forward-looking information (collectively, \"forward-looking statements\") related to future events or Plurilock's future business, operations, and financial performan...