Plurilock Security Inc said that its wholly-owned subsidiary, Aurora Systems Consulting Inc has received a US$297,000 order from the US Air Force as part of the National Aeronautics and Space Administration's (NASA) Solution for Enterprise-Wide Procurement (SEWP) program, a US Government-Wide Acquisition Contract Vehicle (GWAC).
The order is part of the SEWP V program and aligns with Plurilock's stated goal of expanding within the government and defense verticals. All contracts and orders announced by Plurilock and its subsidiaries since April 2021, including the latest order, represent a combined total of roughly US$13.05 million in sales.
With only 16% of surveyed executives stating that their organizations are well prepared to defend against a cyberattack, the company noted that it is critical for organizations, particularly those focused on critical infrastructure and defense, to work with skilled cybersecurity and IT support vendors on strengthening their security posture.
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Under the terms of the latest purchase order, Aurora will provide the US Air Force with hardware, threat prevention software licenses, and maintenance support.
The SEWP V program, launched by NASA in 2015, is the leading information technology (IT) contract vehicle, with government agencies spending $7.9 billion in fiscal 2020. Estimates anticipate that agencies will utilize SEWP V for $8.8 billion in contracted spending in fiscal 2021.
The contract vehicle provides Plurilock with the opportunity to access downstream customers in the government sector.
Additionally, on November 12, 2021, Plurilock said it granted 1,823,500 incentive stock options to certain officers, employees, and consultants at an exercise price of $0.52 per option share with a 10-year term and various vesting periods in accordance with the terms of the company's stock option plan.
Plurilock provides identity-centric cybersecurity for today's workforces. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction.
The company offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers persistent identity assurance with unmatched ease of use.
Contact the author at jon.hopkins@proactiveinvestors.com