Plurilock Security Inc (PLUR.V) is a Canadian identity-centric AI cybersecurity solutions company. The cybersecurity company provides multi-factor authentication (MFA) solutions using behavioral-biometric, environmental, and contextual technologies.
On July 20th 2023, Plurilock announced the launch of beta access to a new AI safety SaaS (software as a service) product for business and government, “PromptGuard” which will be offered to customers as part of the Plurilock AI platform.
PromptGuard supports productivity in AI use while preventing leakage of sensitive data. With generative AI use in the workplace rising rapidly, businesses and government organizations will require a solution that enables employees to safely use AI while preventing leakage of confidential information and data. PromptGuard is a new AI-driven cloud access security broker (CASB) that supports employee AI use while ensuring that sensitive data is not released to AI systems. It provides AI guardrails without limiting AI use, making AI safer for businesses and their employees.
Today, the Company announced it has expanded its Early Access Program (EAP) to include North American channel partners, addressing the demand for its AI PromptGuard product.
The expansion of the program will enable certified North American channel partners to offer PromptGuard beta access to their customers. Companies that are interested in becoming certified partners for the EAP must undergo a training and evaluation process. Once EAP-certified, partners are also able to provide customers and clients with access to PromptGuard under the Plurilock EAP.
A live product demo will occur today to showcase PromptGuard’s features. The webinar begins at 10 AM PST/ 1 PM EST. The registration link is: https://us02web.zoom.us/webinar/register/WN_y4x4u-UwSzaaqk4Euq6brw
“We are pleased to expand PromptGuard’s EAP to enable North American channel partners to distribute PromptGuard and provide customers with EAP access to the new product’s beta experience,” said Ian L. Paterson, CEO of Plurilock. “With a focus on AI safety, we aim to deliver advanced technology solutions that can protect businesses using various generative AI tools without disrupting their productivity.”
After bouncing at the major support zone at $0.125, Plurilock gained strength and momentum backed on the news that the Company is announcing a strategic focus on addressing the growing AI cybersecurity threats on July 18th 2023. Further momentum followed with a major 15% green day on July 19th 2023.
The stock saw a technical pattern breakout confirmed with a close above a downtrend line on July 20th 2023, the day when Plurilock announced its new SaaS product, PromptGuard. The stock recently hit highs just above $0.16 before selling off.
Currently, the stock is in a corrective pullback phase. This tends to occur on major technical breakouts. Price retreats, or corrects, to retest a breakout zone. This provides another entry point for those who missed out on the initial breakout and momentum. Plurilock stock tested the broken trendline and has closed below it. The buyers did not step in to validate this breakout technical pattern. This now sets us up for a retest of the major support zone at $0.125. A zone the stock has held and seen buyers step in all throughout 2023.
