Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) has been awarded a US$1.15 million order with the US Department of the Navy.
The company said the order -- to supply Dell Servers -- was secured under NASA's Solution for Enterprise-Wide Procurement (SEWP), a version of the United States Government-Wide Acquisition Contract Vehicle (GWAC).
SEWP consists of a large pool of pre-competed prime contract holders (contractors), including more than 100 US small businesses.
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Plurilock said the order is part of "SEWP V," the latest version of GWAC, which NASA released in May 2015 and boasts the largest pool of contractors, as well as detailed and automatic reporting to Chief Information Officers (CIOs) to help meet the Federal Information Technology Acquisition Reform Act.
All SEWP V contracts have an effective ordering period between May 1, 2015, through April 30, 2025.
"As part of our long-term plan to expand across various industry verticals in North America, the order enables Plurilock to further solidify our position in capturing more opportunities within the U.S. government sector," said CEO Ian Paterson in a statement.
"Given the current cost-conscious environment, we will continue with our modest margin approach to win SEWP V awards, rapidly grow our customer base and create opportunities for follow-on sales of our core products that have higher margins."
Victoria, British Columbia-based Plurilock provides identity-centric cybersecurity for today's workforces, offering world-class cybersecurity solutions paired with AI-driven, cloud-friendly security technologies that deliver persistent identity assurance with unmatched ease of use. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction.
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