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February 21, 2024

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Plurilock (PLUR.V) announces sale order of cybersecurity platform with overseas utility infrastructure developer

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 received a sale order for its flagship AI-driven cybersecurity platform with an overseas utility infrastructure developer. 

The Customer’s portfolio, which includes projects that are completed and under development, covers over 10,000 kilometres of power transmission lines across two countries. According to the terms of the contract, the Customer will license the cloud security functionality of the Plurilock AI platform, which includes Single Sign-On, Access Control Management, Password Policy and Self-Password Reset.

“We are pleased to announce a sale order for our high-margin AI-driven software with a new customer,” said Ian L. Paterson, CEO of Plurilock. “The utility sector is, unfortunately, a popular target for cybercriminals, and we see a growing demand for advanced zero-trust technology in this space. Overall, this order highlights our commitment to further expand our sales pipeline across different key industries.”

TradingView Chart

In recent trading days, Plurilock stock has fallen below and subsequently, regained our major $0.16 support zone but without much momentum. For bullish price action, the stock must regain this important zone. With the recent price action and the choppiness around $0.16, we can now redraw our support zone at the $0.14 zone. Going forward, buyers must defend this zone, and a candle close above $0.175 would stir some momentum.

 

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