Plurilock Security Inc (PLUR.V) is a Canadian identity-centric cybersecurity solutions company. The cybersecurity company provides multi-factor authentication (MFA) solutions using behavioral-biometric, environmental, and contextual technologies.
Today, the Company announced that it has signed a contract renewal for its flagship cybersecurity software platform with an overseas developer of integrated resorts.
The Customer develops and operates integrated resorts, which primarily include tourist-focused hotels and gaming facilities. According to the terms of the contract, the Customer has renewed its subscription for the cloud security functionality of the Plurilock platform, which includes Single Sign-On and Access Control Management. The platform will be utilized by over 1900 users
As part of the Company’s growth strategy, Plurilock intends to deliver its high-margin software offerings to more companies across different key industry verticals around the world while maintaining high customer retention.
“We are pleased to announce a contract renewal with an overseas customer,” said Ian L. Paterson, CEO of Plurilock. “This contract renewal highlights our ongoing efforts to secure and retain customers globally for our high-margin software solutions. Overall, we aim to maintain strong business relationships with existing customers and help them protect their employees with our zero-trust technology offerings.”
The stock is attempting to regain a major support zone, now acting as resistance. Plurilock broke out above the $0.16 zone with a strong bodied candle on February 9th 2023. The break led to a move up to $0.235 before pulling back.
With a breakout above the $0.16 zone, a breakout was in play. However in recent days, the stock has fallen and closed back below this major breakout zone while respecting a downtrend line. The retest of the breakout failed, and did not see buyers step in.
Plurilock now requires a close back above $0.16 to regain upside momentum. A strong daily close is preferred with a nice large green body candle.
