Plurilock Security (PLUR.V) announced today that it has received a USD$219,000 purchase order from the U.S. Missile Defense Agency (MDA). This purchase order is part of the National Aeronautics and Space Administration’s (NASA) Solution for Enterprise-Wide Procurement (SEWP) program.
If you’re new to Plurilock, let me give you a crash course on a few of the terms mentioned so far. NASA’s SEWP is a Government-Wide Acquisition Contract Vehicle (GWAC). That being said, GWAC is the process by which agencies of the federal government purchase goods and services. More specifically, these involve legal contracts between the agency and a private business, like Plurilock. With this in mind, SEWP is the leading information technology (IT) GWAC, with government agencies spending $7.9 billion in fiscal 2020. Estimates predict that agencies will utilize SEWP V for $8.8 billion in contracted spending in fiscal 2021. Now that we have cleared up some terms, let’s talk about the U.S. Missile Defense Agency (MDA).
MDA Purchase Order
The MDA is an agency within the U.S. Department of Defense that provides missile defense support for the U.S. deployed forces and allies. Who would have guessed? In particular, the MDA is on a mission to develop, deploy, and maintain an effective layered Missile Defense System capable of defending the territory of the United States. With this in mind, the purchase order is part of a new contract between Plurilock and MDA within the SEWP V program, and the latest in a series of new business for the Company’s Solutions Division. The Company will also provide MDA with a renewal of their Dell® maintenance support for existing sever hardware. All contracts and orders announced by Plurilock since April 2021, including the Company’s latest order with MDA, represent a combined total of approximately USD$10.7 million in sales.
Plurilock has also received purchase orders from other prominent government and defense agencies. This includes the Naval Surface Warfare Center, U.S. Air Force, the U.S. Department of Defense, U.S. Special Operations Command, the Department of Homeland Security, and the U.S. Department of Navy. With this in mind, Plurilock is undoubtedly playing in the big leagues. Having secured purchase orders from multiple federal agencies, it’s safe to say that Plurilock has garnered some impressive popularity.
Plurilock’s share price opened at $0.56 and was trading at $0.59 as of 9:40AM ET.