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Plurilock's Aurora Systems Receives US$224,000 Purchase Order from the U.S. Library of Congress
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2022) - Plurilock Security Inc. (TSXV:...
About this update from Plurilock Security Inc
[{"type":"text","content":"Plurilock's Aurora Systems Receives US$224,000 Purchase Order from the U.S. Library of CongressVancouver, British Columbia--(Newsfile Corp. - April 7, 2022) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries (\"Plurilock\" or the \"Company\"), an identity-centric cybersecurity solutions provider for workforces, announced today that its wholly-owned subsidiary, Aurora Systems Consulting, Inc. (\"Aurora\"), has received a US$224,000 purchase order from the U.S. Library of Congress as part of the National Aeronautics and Space Administration's (NASA) Solution for Enterprise-Wide Procurement (SEWP) program, a U.S. Government-Wide Acquisition Contract Vehicle (GWAC).The U.S. Library of Congress is the largest library in the world and serves as the research arm of the U.S. Congress.1 Libraries have become an increasing target for ransomware attacks and several libraries have been impacted by cyber attacks in the last few years, including incidents in Pennsylvania, Ohio, and Massachusetts.2,3,4This order is a part of the SEWP V program and aligns with Plurilock's stated goal of expanding within the government vertical. All contracts and orders announced by Plurilock and its subsidiaries since January 1, 2022, including the latest orders, represent a combined total of roughly US$5.28 million in sales.Per the terms of the purchase order, Aurora will provide the U.S. Library of Congress with software license renewal and maintenance support services. Aurora Share Purchase Agreement EarnoutIn accordance with the Share Purchase Agreement dated March 26, 2021 among the Company, Plurilock Security Corp. and Aurora Systems Consulting, Inc., the performance-based earnout has been achieved and the Company has issued 1,154,676 common shares of the Company at $0.325 per share to the vendor in satisfaction of the earnout payment of US$300,000.Issuance of Second Installment Payment Shares under Services Agreement with AGORAThe Company is pleased to announce that, further to its news release of December 30, 2021 and in connection with the services provided by AGORA Internet Relations Corp. (\"AGORA\") under the online marketing agreement with AGORA, the Company has issued 69,538 common shares of the Company at a deemed price of $0.325 per share to AGORA as the second installment payment of $20,000 plus applicable taxes. Abo...