Plurilock Security Inc (TSX-V:PLUR, OTCQB:PLCKF), a global cybersecurity systems integrator, said on Wednesday it has signed a two-year software licensing agreement valued at C$2.45 million with a Nasdaq-listed semiconductor manufacturer.
The customer, which has worked with Plurilock since 2024, will use the company’s advanced insider-risk software solution, delivered through one of Plurilock’s strategic technology partners.
The system is intended to bolster protections across the customer’s engineering, production, and supply-chain operations, safeguarding sensitive intellectual property and operational systems, the company said.
“Large enterprises continue to prioritize security solutions that can be deployed efficiently while aligning with their operational and risk-management objectives,” said Ian Paterson, CEO of Plurilock. “This agreement demonstrates the strength of our partner-led delivery model and our ability to support sophisticated customers with solutions that scale alongside their business.”
Plurilock said the fulfillment and delivery of the software are expected to follow its standard operating practices. Commercial terms beyond the disclosed licensing value were not shared.
Shares of Plurilock rose 5% to C$0.21 on Wednesday morning in Canada.