Plurilock Security (PLUR.V) announced today that it has signed a contract worth approximately USD$390,000 with the U.S. Department of Defense under NASA’s solution for enterprise-wide procurement (SEWP), a U.S. government-wide acquisition contract vehicle (GWAC).

So you’re telling me that NASA didn’t intentionally create an acronym that sounds like “soup”? Wait, they did? I am not sure whether I should be impressed or ashamed that I was able to immediately make the connection between the acronym “SEWP” and everyone’s favorite delicacy, “soup”. Do I have the mental capacity and attention span of a child? I mean, I have an article write yet here I am talking about soup. Hang on, I can’t help but notice that the acronym “GWAC” sounds awfully close to the onomatopoeia, “quack”. It can’t be…was that intentional too? To answer that question I leave you with this, courtesy of NASA.


Moving on, lets start with what SEWP and GWAC actually are. NASA’s SEWP consists of a large pool of pre-competed prime contract holders, including more than 100 U.S. small businesses. The contract is part of SEWP V, the latest version of GWAC, which NASA release back in May, 2015. SEWP V boasts the largest pool of contractors yet, and is intended to provide the latest in information technology products. Through GWACs, all federal agencies can place orders for products and services available both on-site and in the cloud. This includes products like tablets, desktops, servers and security tools to name just a few.

Plurilock’s order with the U.S. Department of Defense represents the second contract the Company has established with a U.S. government agency in recent days. The last contract Plurilock signed was with the U.S. Department of the Navy, announced on May 7, 2021. In accordance with the contract, Plurilock received a USD$1.15 million order. Regarding Plurilock’s latest order, under the SEWP contract, Plurilock will deliver public key infrastructure (PKI) products and services to the U.S. Department of Defense. Additionally, the contract provides the agency with an optional extension for four years to continue licensing Plurilock’s PKI offerings.

Plurilock also has a history of deploying and support Homeland Security Presidential Directive 12 (HSPD-12), Policy for a Common Identification Standard for federal employees and contracts. Put simply, HSPD-12 is designed to enhance security, reduce identity fraud, and protect the personal privacy of those who have been issued government identification. With this in mind, the Company has deployed and supported various multifactor authentication (MFA) solutions, PKIs, as well as MFA auxiliary and card management solutions.

Maybe its because I am stuck in my teens, but Plurilock working with the U.S. federal government reminds me of Totally Spies, Kim Possible, or just about any other cliché spy show out there. Regardless of what I think, the Company’s recent involvement with the U.S. Department of the Navy and now the U.S. Department of Defense is impressive. Plurilock’s recent involvement with the U.S. federal government demonstrate a positive relationship between the two, which could prove to be profitable for the Company in the future.

Plurilock Security’s share price opened at $0.51, up from a previous close of $0.50. The Company’s share have since returned to $0.50 and are currently trading at $0.50 as of 10:00AM ET.

Full Discloser: Plurilock Security is a marketing client of Equity Guru.

 

Written By:

Kieran Robertson

Kieran Robertson is an experienced writer with a passion for technology, esports, and video games. He graduated from the University of Western Ontario with a Major in English Language and Literature. After graduating, Kieran worked as a freelance writer, managing his own blog and volunteering for La Maza Magazine, a magazine startup focused on collaborating with photographers, writers, models, and designers.

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