Plurilock Awarded US$1.15 Million Order with U.S. Department of the Navy

Victoria, British Columbia--(Newsfile Corp. - May 7, 2021) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an identity-centric cybersecurity solution provider for workforces, is pleased to announce that it was awarded a US$1.15 million order with the U.S. Department of the Navy under NASA's Solution for Enterprise-Wide Procurement ("SEWP"), United States Government-Wide Acquisition Contract Vehicle ("GWAC"). SEWP consists of over a large pool of pre-competed prime contract holders ("contractors"), including more than one hundred U.S. small businesses. The order is part of "SEWP V", the latest version of GWAC, which NASA released in May 2015 and boasts the largest pool of contractors yet as well as detailed and automatic reporting to Chief Information Officers ("CIOs") in order to help meet Federal Information Technology Acquisition Reform Act. All SEWP V contracts have an effective ordering period between May 1, 2015 through April 30, 2025.

"As part of our long-term plan to expand across various industry verticals in North America, the order enables Plurilock to further solidify our position in capturing more opportunities within the U.S. government sector," said Ian Paterson, CEO of Plurilock. "Given the current cost-conscious environment, we will continue with our modest margin approach to win SEWP V awards, rapidly grow our customer base and create opportunities for follow-on sales of our core products that have higher margins."

The U.S. Department of the Navy is one of the three main military departments within the U.S. Department of Defense. The order is for supply of Dell Servers to the Department of Navy.

About Plurilock

Plurilock provides identity-centric cybersecurity for today's workforces. Plurilock offers world-class cybersecurity solutions paired with AI-driven, cloud-friendly security technologies that deliver persistent identity assurance with unmatched ease of use. The Plurilock family of companies enables organizations to operate safely and securely-while reducing cybersecurity friction.

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

Ian L. Paterson
Chief Executive Officer
[email protected]
416.800.1566

Roland Sartorius
Chief Financial Officer
[email protected]

Prit Singh
Investor Relations
[email protected]
905.510.7636

Forward-Looking Statements

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