Ian L. Paterson
Chief Executive Officer15-year data analytics entrepreneur with a track record of commercializing data science and landing multi-million dollar enterprise and federal accounts.
TSXV: PLUR · OTCQB: PLCKF
Sovereign, AI-native cyber resilience for the systems that power modern life.
Publicly traded sovereign Canadian cybersecurity (TSXV: PLUR · OTCQB: PLCKF). CAD $61M consolidated revenue · Critical Services growing +48% YoY · 45% EBITDA loss improvement. Services led. Product enabled. AI native.
TSXV
PLUR
OTCQB
PLCKF
Revenue FY25
$61.0M
FY End
Dec 31
Trusted across
Federal Government of CanadaUS DoD supply chainCritical infrastructureFinancial servicesHigher education & research
01Investment thesis
Why Plurilock — in three numbers.
A sovereign Canadian cybersecurity operator with a growing services engine, improving operating leverage, and a multi-year procurement tailwind.
01 · Sovereign tailwind
Multi-year
Allied governments and regulated enterprises are mandating Canadian and US-aligned sovereign cyber vendors. CPCSC creates a multi-year procurement cycle across the Canadian defense industrial base.
02 · Services growth engine
+48% YoY
Critical Services revenue grew 48% YoY to CAD $12.6M at 28% gross margin — the highest-margin and fastest-growing segment of the business.
03 · Cleaner operations
+45% YoY
EBITDA loss improved 45% YoY in FY2025, reflecting an ongoing focus on streamlining operations and a clear narrative toward profitability.
02Financial snapshot
The numbers behind the story.
As of FY2025 (Dec 31, 2025)
03Catalysts & timeline
What's happened — and what's next.
- May 2026CAD $1.31M critical-services contracts announced
- May 2026CPCSC Readiness Program launched for Canadian DIB
- May 2026Closing & upsize of non-brokered private placement
- Apr 2026FY2025 results released — $61.0M revenue, +48% Critical Services
- ForwardCPCSC program ramp across the Canadian defense industrial base
04Market opportunity
Cyber is the new national security — and the buyer is changing.
Sovereign by design
Allied governments and regulated enterprises increasingly require Canadian and US-aligned sovereign vendors that can be trusted with critical mission data.
AI changes the threat model
Agentive attackers force defenders to rebuild around AI-native detection, response, and resilience engineering.
Services-led economics
Buyers want outcomes, not shelfware. Plurilock combines elite services with platform leverage to compound margin.
Defense industrial base
Programs like CPCSC create a multi-year tailwind across the Canadian defense supply chain.
05Company overview
Call Plurilock™ first — when cyber risk has suddenly become cyber reality.
Plurilock is a technology consultancy, a top IT and cyber service provider, and a solutions provider — rolled into one. With the shortest mobilization times in the industry, we combine the capabilities of a strategic consultancy, a dedicated professional services firm, and a value-added reseller.
Research-driven quantum, AI, agentive security, and resilience engineering for enterprises that operate at the edge of tomorrow.
- Listing
- TSXV: PLUR · OTCQB: PLCKF
- Fiscal year end
- December 31
- Transfer agent
- Odyssey Trust Company
- Auditors
- MNP LLP
- Operating units
- Plurilock · Aurora · Integra Networks
- HQ
- Vancouver, British Columbia, Canada
At a glance
06Leadership & ownership
Senior operators — and meaningful insider ownership.
Insider ownership
~4.67%
Held by named directors and officers across the Company.
Institutional ownership
~0%
Largely held by insiders and retail — an early-stage profile typical of TSXV growth names.
Operating units
Plurilock · Aurora · Integra
Three integrated brands covering services, compliance, and solutions distribution.
Management team
Tucker Zengerle
Chief Operations Officer20-year operations leader with experience scaling banking, private equity, and cybersecurity organizations.
Veera Singh
Chief Financial Officer15-year finance veteran with leadership experience across public practice, M&A, corporate financings, and restructurings.
Philip De Souza
President, Aurora30-year serial entrepreneur and founder of Aurora — Plurilock's California-based data security and compliance consultancy.
Board of Directors
Ali Hakimzadeh
Executive Chairman25 years of corporate finance and investment banking; involved in over $1B of small-cap financing and M&A across North America.
Jennifer Swindell
DirectorFormer SVP at Perspecta and Booz Allen Hamilton; former U.S. Navy Special Operations Officer.
Ed Hammersla
DirectorFormer Chairman/CEO of Utilidata; former President of Global Operations at Forcepoint; former President, Raytheon Cyber Products.
Blake Corbet
DirectorChief Corporate Development Officer at BBTV Holdings; 25+ years in investment banking across Toronto, New York, and London.
Board of Advisors includes VADM Mike McConnell (USN Ret.), VADM Jan Tighe (USN Ret.), Gaétan Houle, Joe Sexton, Patrick Gorman, Brandon Swafford, H. Bryan Cunningham, and Chris Pierce.
07News & press
Recent announcements
- May 6, 2026Plurilock Launches CPCSC Readiness Program for Canadian Defense Industrial Base
- May 5, 2026Plurilock Announces New Critical Services Contracts Totaling CAD$1.31 Million
- May 1, 2026Plurilock Announces Closing of First Tranche and Upsize of Non-Brokered Private Placement
- Apr 21, 2026Plurilock Security Inc. Reports Fiscal 2025 Financial Results
08How to buy
How to own Plurilock — in Canada or the US.
Plurilock is dual-listed. Canadian investors typically buy PLUR on the TSX Venture Exchange; US investors typically buy PLCKF on the OTCQB.
In Canada
TSXV: PLUR
- 1. Open or sign in to your brokerage — Questrade, Wealthsimple, RBC Direct, TD Direct, BMO InvestorLine, IBKR, etc.
- 2. Search the ticker PLUR on the TSX Venture Exchange.
- 3. Place a market or limit order in CAD. PLUR is generally eligible for RRSP, TFSA, RRIF, and RESP accounts at major Canadian brokers.
In the United States
OTCQB: PLCKF
- 1. Use a broker that supports OTC trading — Interactive Brokers, Fidelity, Charles Schwab, or similar.
- 2. Some brokers require enabling OTC penny-stock trading on your account first.
- 3. Search the ticker PLCKF and place a limit order in USD. Liquidity on OTCQB is typically lower than the primary TSXV listing.
Not investment advice. This page is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Investing in micro-cap securities involves substantial risk, including limited liquidity and price volatility. Consult a qualified financial advisor before making any investment decision.
09Risk factors
What investors should weigh.
A non-exhaustive summary. See the Company's MD&A and Annual Information Form on SEDAR+ for full disclosure.
Micro-cap liquidity
PLUR and PLCKF trade with limited daily volume and wide bid-ask spreads typical of TSXV and OTCQB listings.
Potential dilution
The Company recently closed a non-brokered private placement; further equity issuances may dilute existing shareholders.
Customer concentration
Government-contract revenue is subject to procurement cycles, budget appropriations, and political timing.
Foreign-exchange exposure
Plurilock reports in CAD while a portion of business is transacted in USD, exposing results to FX movements.
Path-to-profitability execution
EBITDA loss has improved materially but the Company is not yet profitable; results depend on continued operating discipline.
10Investor FAQ
Questions investors actually ask.
11Investor contact
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IR contact
Investor relations
investors@plurilock.comHeadquarters
Vancouver, British Columbia, Canada