Plurilock Receives US$2.5 Million Cybersecurity Sale Order from U.S. Hospital System
January 24, 2024 8:00 AM EST | Source: Plurilock Security Inc.
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2024) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an AI-driven cybersecurity solutions provider for workforces, is pleased to announce that the Company has received a US$2.5 million three-year sale order from a U.S. hospital system (the "Customer").
The sale, which provides several key enterprise cybersecurity capabilities, further expands a solution that the company initially delivered to the hospital system in October 2022. The sale was completed through the company's Aurora East team, which was acquired as part of the Atrion Communications Inc. September 2022 asset acquisition.[1]
Cybersecurity is an increasing concern for healthcare and hospital systems, which have seen a rapid rise in cybersecurity attacks in recent years, putting the healthcare data of millions of patients at risk[2] and leading in part to New York State's proposed new cybersecurity rules for hospitals, published on December 6th, 2023.[3]
This increasing risk trend in healthcare matches the trend across virtually all industries and points to the growing importance of cybersecurity for organizations of all kinds, both in North America and beyond.
"We're excited to announce this US$2.5 million cybersecurity sale to a U.S. hospital system," said Ian L. Paterson, CEO of Plurilock. "With New York becoming the first to announce cybersecurity requirements for hospitals, we expect hospital systems across the U.S. to continue to accelerate their cybersecurity investments. This transaction's size, prominence, and the fact that it's a repeat order to expand previously delivered capabilities all showcase how Plurilock can help hospital systems stay secure, the effectiveness of Plurilock's exceptional Atrion team, and the broad success of our strategy to expand commercially through smart, laser-focused M&A activity."
About Plurilock
Plurilock 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. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566
Prit Singh
Investor Relations
prit.singh@plurilock.com
905.510.7636
Forward-Looking Statements
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[2] https://jamanetwork.com/journals/jama-health-forum/fullarticle/2799961
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