Plurilock Announces $1.2 Million Software and Services Contract with Nasdaq Listed Semiconductor Manufacturer

December 02, 2025 7:00 AM EST | Source: Plurilock Security Inc.

  • Expands long-standing relationship; adds new Professional Services on top of licensing increase
  • Supports enterprise-wide Data Loss Prevention and Security Operations initiatives
  • Demonstrates continued execution of Plurilock's land-and-expand strategy

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity systems integrator, announces that it has been awarded a new contract totalling $1,242,462 for software licensing and professional services.

The combined $1,242,462 contract consists of a one-year, $922,008 licensing renewal for the customer's Data Loss Prevention (DLP) platform and an 8-month, $320,454 professional services engagement for Security Operations Support (SOC). This contract represents a licensing increase and marks a net-new expansion of Plurilock's Professional Services inside the account.

"This engagement represents a meaningful expansion of our relationship with an important global customer," said Ian L. Paterson, CEO of Plurilock. "We began with a smaller footprint, demonstrated consistent value, and earned additional trust over time. This contract adds new Professional Services on top of the existing licensing relationship, reinforcing our land-and-expand model and further establishing Plurilock as a strategic cybersecurity partner to organizations operating in high-risk, high-value sectors."

As with prior software licensing and professional services contracts, Plurilock expects fulfillment costs and gross margin profiles to remain consistent with historical performance as disclosed in its latest MD&A. Further details with respect to the terms of the contract are subject to confidentiality and non-disclosure.

About Plurilock

Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure isn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises, we defend critical infrastructure and safeguard the systems that power modern life. Our Critical Services division delivers operational resilience through unmatched expertise, proprietary IP, and AI-driven playbooks.

For more information, visit https://www.plurilock.com or contact:

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720

Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This 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 performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276587

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