Plurilock Security (PLUR.V) offers strong cybersecurity solutions without the need of passwords. The company’s frictionless authentication uses novel biometrics to not only guard the door at login, but to continuously monitor in real time for the length of the network session to make sure whoever is at the keyboard is the right one.
These patented behavioral-biometric solutions are coupled with layered identity signals and the whole system is invisible to the user, running silently in the background. No fingerprints, retina scans or dongles are used which not only can be invasive, expensive and limiting, but more importantly, they can be copied.
The company has been putting out consistent news in 2023 with new contracts and contract renewals. Today, Plurilock announced it has signed a contract renewal for its flagship AI-driven cybersecurity platform, Plurilock AI, with an overseas stock exchange.
According to the terms of the contract, the Customer has renewed its subscription for the cloud security functionality of the Plurilock AI platform, which includes Single Sign-On, Access Control Management and Data Loss Prevention.
“Retaining key customers remains a key focus of our sales strategy and we are pleased to have renewed a contract for our software offering with an overseas stock exchange,” said Ian L. Paterson, CEO of Plurilock. “This contract renewal further validates the robustness of the Plurilock AI platform.”
This news comes after Plurilock announced it has received a 2023 BlackBerry NALA partner of the year award, and announced nearly $65 million in full year 2022 revenue.
For more information on a deep dive of the company, check out Chris Parry’s article titled, “Real AI isn’t a ChatGPT app: Plurilock’s artificial intelligence used by 600 companies“.
In recent trading days, Plurilock stock has fallen below our major $0.16 support zone after regaining it but with no momentum. For bullish price action, the stock must regain this important zone.
The stock will need to close back above $0.16 to regain upside momentum and potentially set up a run to $0.225. A recent consolidation between $0.16-$0.175 was broken which adds more confluence to the downside. The next support zone comes in at the $0.125 zone.
