Plurilock Security Inc. announced that it has closed $1,319,709 in new contracts between April and May 2025. The deals include multi-year Critical Services engagements with key U.S. commercial clients, further strengthening Plurilock's presence across regulated and high-risk enterprise environments. All dollar figures are in Canadian dollars unless otherwise noted.
Highlights of the new contracts include: A new Critical Services engagement: a $270,484 annual penetration testing agreement with a U.S.-based in-home advertising company. Two contract extensions with a NASDAQ-listed semiconductor manufacturer: a $264,321 renewal for SIEM (Security Information and Event Management) engineering services, and a $784,904 extension for SOC (Security Operations Center) analyst support. These contracts are led by Plurilock's Critical Services team and delivered in coordination with technology partners CrowdStrike and Abnormal Security.
Plurilock remains the lead architect in these deployments, integrating partner technologies as needed while maintaining end-to-end accountability for customer outcomes. All new contracts directly contribute to the expansion of Plurilock's Critical services business, which grew 178% year-over-year in 2025. These wins reinforce Plurilock's multi-year backlog and give investors greater visibility into future recurring revenue.
By operating across both digital and physical threat landscapes, Plurilock gives clients the tools and intelligence needed to assess, contain, and mitigate real-world risk. These recent deals illustrate how embedded services consistently lead to repeat business and deeper strategic engagement. In connection with $1.3 million in sales, Plurilock anticipates that both the expenses associated with fulfillment of these sales and the gross margin will be consistent with the Company's historic Professional Services business as previously reported in the Company's most recent MD&A. Plurilock began delivery and fulfillment during Second Quarter 2025.
Further details with respect to the terms of the contract are subject to confidentiality and non-disclosure.
