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.

Recently, Plurilock reported record Q2 financial results. Today, the Company announced it has established an Information Security Advisory Council comprising of leading cybersecurity industry experts and academics. The new council will provide expert guidance to the Company on advancing its business development strategy and scaling its AI-focused technology offering portfolio.

“We are delighted to establish an Information Security Advisory Council,” said Ian L. Paterson, CEO of Plurilock. “With extensive experience and expertise in cybersecurity, members of the new council will offer significant value to the Plurilock team in helping us advance our sales strategy of distributing high-margin software solutions as well as providing critical insight to expanding our technology suite. We look forward to working with them to drive further growth in our Technology Division.”

As part of the agreement, members will receive stock options with Plurilock. A total of 70,000 options will be granted with a strike price of $0.1150. The stock options are granted for a five year term from August 30th 2023.

The council consists of the following members:

Christopher Ling: Mr. Ling’s career spans nearly 30 years, having held various strategic consulting roles at Booz Allen Hamilton and most recently served as Executive Vice President, Group Leader National Security Business before departing the firm. He is currently a member of the Board of Visitors at the Massachusetts Institute of Technology.

Chuck Brooks: With over 20 years of cybersecurity, emerging technologies, business development, marketing and government relations experience, he has helped Fortune 1000 clients, organizations, small businesses, and start-ups grow their market share and achieve their strategic objectives. He currently serves as an Adjunct Professor at Georgetown University, where he teaches graduate courses on risk management, homeland security, and cybersecurity.

Colin Barry: Mr. Barry has spent over a decade working within the U.S. intelligence community with reputable organizations including the Central Intelligence Agency (CIA) and Booz Allen Hamilton. In addition, he has held senior security and intelligence operations roles for Expedia Group and Discord. He has considerable global experience, having worked on four continents, and has served as an advisor to Foreign Ministers, Senior Intelligence and Defense Officials, and Chief Security Officer.

David Mahdi: As a former Vice President, Security & Privacy Analyst at Gartner, Mr. Mahdi is a recognized industry pioneer and co-founder of the emerging Machine Identity Management market. He has helped large organizations tackle digital transformation projects that included digital identity, IoT security, and early-stage blockchain efforts, and guided organizations to build internal cryptography teams, such as the cryptography center of excellence. He has also consulted through IPOs, capital raising, and M&A, among many other contributions. As an executive leader, Mr. Mahdi holds several advisory and board positions for non-profit organizations and established technology providers in the areas of digital and decentralized Identity, post-quantum cryptography, cybersecurity awareness, and blockchain/NFTs including Forbes Technology Council and Crypto4A Technologies.

Dr. David Bray: Dr. David Bray has served in various leadership roles in turbulent environments, including bioterrorism preparedness and response from 2000 to 2005. He is both a distinguished Fellow and co-chair of the Alfred Lee Loomis Innovation Council at the non-partisan Henry L. Stimson Center. He is also a non-resident Distinguished Fellow with the Business Executives for National Security, and a CEO and transformation leader for different “under the radar” technology and data ventures seeking to get started in novel situations. Dr. Bray is the Executive Director for a bipartisan National Commission on Research and Development, providing non-partisan leadership as a federal agency Senior Executive. He works with the U.S. Navy and Marines on improving organizational adaptability, and U.S. Special Operation Command’s J5 Directorate on the challenges of countering disinformation online. David accepted a leadership role in December 2019 to direct the successful bipartisan Commission on the Geopolitical Impacts of New Technologies and Data that included Senator Mark Warner, Senator Rob Portman, U.S. Representative Suzan DelBene, and U.S. Representative Michael McCaul.

Elden Sprickeroff: Mr. Sprickerhoff is an active entrepreneur, investor, mentor, advisory and board member at the intersections of information security, computer science, machine learning, SaaS, and finance. In 2001, he founded eSentire, a leading global cybersecurity Managed Detection and Response company. He currently serves as a strategic advisor at Caledon Ventures, a strategic advisory and investment company focused on cybersecurity.

Evgeniy Kharam: Mr. Kharam has over 20 years of cybersecurity experience, having held multiple senior management roles in the field, most notably as Vice President of Cybersecurity Solution Architecture at Herjavec Group (now known as Cyderes). He specializes in cybersecurity technology, vendor relationships, and architecture. Throughout his career, he has had the opportunity to spend more than 40,000 hours providing pre and post-sales support as an architect and principal consultant in various technologies and has worked with medium to large enterprise-level customers ranging in size from 500 to 100,000 employees.

Will Andre: Mr. Andre is an award-winning global marketing leader in cybersecurity, SaaS and network infrastructure. He has spent a decade of creative and digital agency leadership, managing the development of campaigns, products, and platforms for brands including MTV, Universal Studios, TomTom, American Express, and more. Overall, he has extensive product and board-level marketing leadership for startup, growth, and public companies.

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.

Support at the $0.12 did not hold and the stock has broken below, printing new all time record lows at $0.11. For the bulls to regain some standing, the stock price will need to close back above the $0.12 zone to invalidate this breakdown.