Plurilock Security Inc. (TSX-V:PLUR) said its wholly-owned subsidiary Aurora Systems Consulting Inc has received a US$308,000 order from the US Department of Defense 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).
According to the purchase order, Aurora will provide the Department of Defense with automatic data processing equipment. The department, America's largest government agency, provides the nation with military forces for defense and national security.
Plurilock noted that the average cost of a data breach increased from $3.86 million to $4.24 million in 2021, underscoring the importance of working with experienced cybersecurity and information technology (IT) services vendors in implementing strong security measures.
READ: Plurilock Security CEO Paterson says identity-centric cybersecurity solutions provider ‘positioned’ for further growth in 2022
It said the order is part of the SEWP V program and aligns with its stated goal of expanding within the government and defense verticals.
The SEWP V program, launched by NASA in 2015, is the leading 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.
Additionally, it said the contract vehicle provides Plurilock with the opportunity to access downstream customers in the government sector.
Plurilock Security provides identity-centric cybersecurity which 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 stephen.gunnion@proactiveinvestors.com