Plurilock Security Inc. (TSX-V:PLUR) has announced that its wholly-owned subsidiary, Aurora Systems Consulting Inc has received a US$284,000 purchase 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).
These orders are a part of the SEWP V program and are aligned with Plurilock’s stated goal of expanding within the government and defense verticals, the company said. All contracts and orders announced by Plurilock and its subsidiaries since January 1, 2022, including the latest orders, represent a combined total of roughly US$1.44 million in sales, it added.
The US Department of the Navy 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 in February 2022 alone, 83 data breaches and cyberattacks were reported, underscoring the importance of working with experienced cybersecurity and IT vendors to protect against the growing cyber threat.
The company said as per the terms of the purchase order, Aurora will provide the Department of the Navy with software renewal and maintenance support services.
READ: Plurilock says its Aurora unit secures up to US$2 million line of credit
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.
Separately, Plurilock said that, further to its news release dated March 7, 2022, on its acquisition of Integra Networks Corporation, the company has issued 42,647 common shares at a deemed price of $0.34 to a strategic consultant of the company for services provided in connection with the acquisition.
The shares were issued under a consulting agreement dated August 1, 2020 between Plurilock and the consultant. The said shares are subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities law, ending July 12, 2022.
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. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division.
Contact the author at jon.hopkins@proactiveinvestors.com