Plurilock Security (PLUR) Investor update summary

Strategic platform expansion

• Secured major contract vehicles: NASA SEWP VI (10-year, $60B ceiling) and NATO CSDM (5-year, multi-award IDIQ), expanding reach to U.S. federal, Canadian, and NATO customers.

• Built a unique platform through acquisitions, enabling access to hard-to-reach government buyers and creating a significant competitive moat.

• Partnerships with leading tech and cybersecurity firms, offering a route for others lacking procurement vehicles to access government markets.

• Platform now supports both direct sales and partner-driven opportunities, enhancing value for technology vendors and integrators.

• Barriers to entry include past performance, certifications (CMMC, SOC 2, CPCSC), and timing, making these contract vehicles highly prized.

Revenue and service diversification

• Revenue streams span hardware, software, and services, with recent data center and security contracts totaling over CAD 2.4 million.

• Services segment, branded as Critical Services, is growing as a percentage of revenue, focusing on engineering, security operations, and certification readiness.

• Delivered solutions for U.S. DOD, Department of Energy, Health Canada, and commercial clients, including high-performance servers, endpoint security, and cloud licensing.

• Engaged in readiness programs for CMMC (U.S.) and CPCSC (Canada), supporting clients in meeting evolving defense certification requirements.

• Private sector work remains significant, with a focus on financial services, healthcare, and industrials, especially large enterprises with high cyber risk.

Market positioning and future outlook

• Positioned as a solutions provider and systems integrator, bridging resell, one-time, and managed services.

• Recognized as a Certified Services Partner by Forcepoint, demonstrating credibility and partnership value.

• Emerging tech areas like AI, quantum, and autonomous systems present new collaboration opportunities.

• No anticipated gap between SEWP V and SEWP VI contracts, ensuring continuity in U.S. federal business.

• Ongoing focus on converting platform access into revenue, leveraging unique market position and long-term contracts.