Shares Up on Signing of Multi-Million Dollar Contract With S&P Chip Company

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, October 3, 2024

This global cybersecurity services and solutions provider just inked their largest sale in company history, and shares are moving higher on the news.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), a global cybersecurity services and solutions provider, announced in a press release today a record U.S. $19.3 million cybersecurity contract with a semiconductor company in the S&P 500 Index. Plurilock Security Inc. is also a key player in worldwide semiconductor supply chains.

The record-breaking contract spans over three years and involves Plurilock re-platforming the customer's security operations stack using a leading AI-native cybersecurity platform and providing dedicated Critical Services team members for a 12-month period.

Under the terms of the contract, Plurilock will modernize and re-platform the Customer's security operations stack, leveraging the industry's leading AI-native cybersecurity platform to replace an aging array of partially integrated, high-overhead security solutions.

Canadian shares were trading at $0.72 in morning trading; U.S. listed shares were trading at $0.5688.

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