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Message: Plurilock’s Aurora Systems Receives US$266,000 Purchase Order from California Entertainment Company

Plurilock’s Aurora Systems Receives US$266,000 Purchase Order from California Entertainment Company

posted on Mar 24, 2022 07:00AM

 

VANCOUVER, BRITISH COLUMBIA—Plurilock Security Inc. (PLUR: TSXV) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or th"Company"), an identity-centriccybersecurity solutions provider for workforces, announced today that its wholly owned subsidiary, Aurora Systems Consulting, Inc. (Aurora)has received a US$266,000 purchase order for a California-based entertainment company.

 

The entertainment company has a global subscription platform, motion picture production and television studio operations. According to a 2020 Hiscox report, technology, media, and telecoms were some of the most heavily targeted industries for cyber attacks, with 44% of organizations havingat least one security incident or breach.1

Aurora has a long-term business relationship with the customerproviding cybersecurity-related solutions for over 10 years. 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$3.56 million in sales.

Per the terms of the purchase order, Aurora will provide the California company with hardware and maintenance support services. 

 

AbouPlurilock

 

PlurilockTM provides identity-centric cybersecurity for today'sworkforces. The Plurilock family of companies enableorganizations to operate safely and securely whilreducingcybersecuritfriction. Plurilock offers world-class IT andcybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security throughits Technology Division. Together, the Plurilock familofcompanies deliverpersistent identity assurance withunmatched ease of use.

 

For more information, visit https://www.plurilock.com orcontact:

 

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com

416.800.1566

 

Roland Sartorius
Ch
ief Financial Officer
roland.sartorius@plurilock.com

 

Prit Singh
Investor Relations
prit.singh@plurilock.com
905.510.7636

 

Forward-Looking Statements

 

This press release may contain certain forward-lookingstatements anforward-looking information (collectively"forward-looking statements"related to future eventor Plurilock's future business, operations, and financial performance ancondition. Forward-looking statements normally contain words like "will", "intend""anticipate","could""should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume","contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees offuture performance, actions, or developments and are based on expectations, assumptions, and other factors thatmanagement currently believes are relevant, reasonable, and appropriate ithe circumstances. Although management believethat the forward-lookinstatementherein are reasonableactual results could be substantially different duto the risks and uncertainties associated witaninherent to Plurilock's business. Additional material risks anduncertaintieapplicable tthe forward-looking statements hereiinclude, without limitation, the impact of general economic conditions, the success of the Company in obtaining neor extended contracts or ordersthe Company's ability to maintain existing customers or develonew customers; the Company's ability to successfully integrate acquisitions of other businesses and/or companies oto realize on the anticipated benefits thereof; andunforeseen eventsdevelopments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimatelbeing inaccurate or irrelevant. This list is notexhaustive of the factorthat may affect thCompany'sforward-looking statements. Many of these factors are beyondthe control of Plurilock. All forward-looking statementsincluded in this press release arexpressly qualified itheirentirety by these cautionary statements. The forward-looking statements contained ithis press release are made as at the date hereof, and Plurilock undertakes no obligatioto updatepublicly or to revise any of the includeforward-looking statements, whether as a result of new information, futurevents, or otherwise, except as may brequired bapplicable securities laws. Risks and uncertainties about thCompany'sbusiness are morfully discussed under the heading "RisFactors" in its most recent Annual Information Form. They areotherwise disclosed in its filings with securities regulatorauthorities available oSEDAR at www.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSVenture Exchange) accepts responsibilitfor thadequacy oraccuracy of this release.

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