10:28:15 EST Wed 04 Feb 2026
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Plurilock Security Inc.
Symbol PLUR
Shares Issued 79,039,057
Close 2026-02-03 C$ 0.195
Market Cap C$ 15,412,616
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ORIGINAL: Plurilock Announces Four Cybersecurity Contract Renewals Totalling $1.19 Million Across Two Enterprise and Government Customers

2026-02-04 07:01 ET - News Release

Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity systems integrator, announces four cybersecurity contract renewals with two existing customers totaling $1,190,000.

The agreements include three Critical Services ("PLCS") contracts with a commercial firm and a data security licensing agreement with a national security focused government agency.

The three PLCS agreements, ranging from six to twelve months in duration, renew and expand Plurilock's role supporting the commercial firm's Insider Risk initiatives, Security Information and Event Management ("SIEM") operations, and executive communications programs. These engagements reflect expanded scope within an established relationship where Plurilock continues to be embedded across multiple security functions.

The data security licensing agreement represents a twelve-month renewal of an existing cybersecurity deployment within a national security focused government agency, reinforcing Plurilock's position as a trusted provider of specialized security technologies in highly sensitive government systems.

"These renewals demonstrate the strength of Plurilock's long-term customer relationships, our value proposition and our ability to become increasingly integrated into critical security programs over time," said Ian L. Paterson, CEO of Plurilock. "We often begin by solving a specific challenge, and through performance and trust, we expand across broader mandates. This pattern of organic account growth, combined with reoccurring renewals, is core to how we execute on our mission of securing the systems that underpin society."

Consistent with Plurilock's historical Professional Services and licensing agreements, the Company expects fulfillment and delivery to align with previously disclosed operating practices, as outlined in its most recent MD&A. Additional details regarding the commercial terms of the agreements remain confidential.

About Plurilock

Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure isn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises, we defend critical infrastructure and safeguard the systems that power modern life. Our Critical Services division delivers operational resilience through unmatched expertise, proprietary IP, and AI-driven playbooks.

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

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720

Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282621

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