Plurilock Security Inc. (TSX-V:PLUR) said its wholly-owned subsidiary, Aurora Systems Consulting Inc has received a US$239,000 order from the US Department of the Navy 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 the Navy with hardware and maintenance support. The department is a military defense agency that works to keep the seas open and free and to protect and defend America's interests.
Plurilock noted that implementing a zero-trust security approach reduces the cost of a data breach by $1.76 million, underscoring the importance of implementing zero-trust solutions and partnering with experienced cybersecurity and IT services vendors.
READ: Plurilock says Aurora Systems receives US$308,000 purchase order from US Department of Defense
The order is part of the SEWP V program and aligns with its stated goal of expanding within the government and defense verticals, the company added.
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.
Including the latest order, Plurilock said all contracts and orders announced by it and its subsidiaries since January 1, 2022, represent a combined total of roughly US$547,000 in sales.
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