Plurilock Provides Corporate Update
Defense Momentum and Critical Services Growth
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services provider, announces a corporate update detailing progress on new defense-focused momentum and continued execution of its high-value Critical Services growth strategy.
Federal Capture Team and Critical Services Pipeline
Building on its enterprise foundation, Plurilock has established a dedicated capture team to pursue competitive government cybersecurity opportunities across the U.S., Canada, NATO, and allied nations. Led by newly appointed CTO and Critical Services General Manager Michael Ruiz, this initiative positions the Company to compete for major federal cybersecurity contracts across allied nations, with a focus on critical national infrastructure and defense.
Despite ongoing discussions in Washington around reducing IT budgets, the U.S. public sector remains a resilient and expanding cybersecurity market. The FY2026 discretionary budget exceeds US$75 billion for the first time, driving modernization initiatives across federal agencies.1 New mandates from the National Institute of Standards and Technology (NIST) and Department of Homeland Security (DHS) are accelerating infrastructure transformation, while emerging threats from quantum computing and adversarial nations continue to elevate cybersecurity as a national security priority. While these advancements reflect broader industry tailwinds, Plurilock acknowledges that such budgetary and policy trends may not directly impact the Company.
In September, Plurilock added three new Critical Services customers, expanded work with two existing clients, and recorded one of its strongest months to date for new business pipeline development. These developments reflect steady progress in expanding client relationships and pursuing larger cybersecurity engagements through the Company's strategic partner network.
Plurilock also secured several repeat orders from U.S. and Canadian federal agencies, reinforcing the continuity of its government relationships. These revenue streams add visibility and support the Company's organic growth trajectory. In connection with all Critical Services contracts and pipeline, Plurilock anticipates that fulfillment costs and gross margins will remain consistent with its historic Professional Services business, as disclosed in its most recent MD&A. Contract terms remain subject to confidentiality and non-disclosure.

