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 27th 2023, Plurilock announced its new AI safety software as a service (SaaS) product for business and government, “PromptGuard” expanded its early access program (EAP) to include North American channel partners.
Today, Plurilock announced that it has certified its first cohort of 10 Early Access Program (EAP) partners to provide access to PromptGuard, and launched a global EAP to certify international partners due to significant channel interest.
The first 10 partners consist of information technology and cybersecurity solution providers located in various countries such as Canada, the US, the UK, India, Brazil and Singapore. The EAP enables certified Plurilock partners to provide eligible customers access to the EAP version of Plurilock AI PromptGuard, which is now live and supporting active users. To become EAP certified, companies must undergo a careful evaluation process and complete required EAP training.
“We are delighted to see significant channel interest in Plurilock AI PromptGuard,” said Ian L. Paterson, CEO of Plurilock. “Our first EAP-certified partners will now gain the ability to provide their customers with early access to PromptGuard. In addition, the launch of our global EAP program ensures that our highly valued international partners are able to distribute this AI safety solution to within their respective markets.”
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.
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. The stock is now ranging at support at the $0.135 zone. Note how the daily candle wicks are rejecting the downtrend line highlighting the importance of this line. A close back above this trendline is what bulls want to see.
