Plurilock Security (PLUR.V) was awarded a USD$1.15 million order with the United States Department of the Navy under NASA’s Solution for Enterprise-Wide Procurement (SEWP), U.S. Government-Wide Acquisition Contract Vehicle (GWAC) today, according to a press release.
SEWP is a large group of previous competition winning prime contract holders, including one hundred plus small businesses from the United States. The order is part of SEWP V, which is the latest iteration of GWAC, which NASA released in May 2015. These government contracts have a defined start and end period of 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. 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,” said Ian Paterson, CEO of Plurilock.
Plurilock deals in identity-centered cybersecurity solutions paired with artificial intelligence driven, cloud-friendly security tech that offers identity assurance. Government and defense contracts are obviously a major coup for a company this size as it could lead to bigger and better options in the future if the government is pleased. The U.S. Department of the Navy is one of the three main military departments in the U.S. Department of Defense.
The company will be supplying the Department of Navy with Dell Servers.
Plurilock is up three cents on the news and closed at $0.54.
Full disclosure: Plurilock Security is an equity.guru marketing client.