Plurilock's Aurora Systems Receives Purchase Order From U.S. Department Of The Navy

Plurilock Security Inc. 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$284,000 purchase order from the U.S. Department of the Navy 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. Department of the Navy is a military defense agency that works to keep the seas open and free, and to protect and defend America’s interests.¹ In February 2022 alone, there were 83 data breaches and cyber attacks reported, underscoring the importance of working with experienced cybersecurity and IT vendors to protect against the growing cyber threat.²

These orders are a part of the SEWP V program and align with Plurilock’s stated goal of expanding within the government and defense verticals. 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$1.44M in sales.

Per the terms of the purchase order, Aurora will provide the U.S. Department of the Navy with software renewal and maintenance support services.

The Company also announces that further to its news release dated March 7, 2022, with respect to its acquisition (the “Acquisition”) of Integra Networks Corporation (“Integra”), the Company has issued 42,647 common shares (the “Consulting Fee Shares”) at a deemed price of $0.34 to a strategic consultant (the “Consultant”) of the Company for services provided by the Consultant to the Company in connection with the Acquisition. The Consulting Fee Shares were issued pursuant to a consulting agreement dated August 1, 2020 between the Company and the Consultant. The Consulting Fee Shares are subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities law, ending July 12, 2022.

¹ https://www.navy.mil/About/Mission/

² https://www.itgovernance.co.uk/blog/list-of-data-breaches-and-cyber-attacks-in-february-2022-5-1-million-records-breached