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, the Company announced it has received a US $4.2 million two year sale order from the US Department of Health and Human Services and an order from the US Department of the Treasury.
Today, Plurilock announced that it has received a notice of allowance from the US patent and trademark office (USPTO) for a US patent application titled “Side-Channel Communication Reconciliation of Biometric Timing Data for User Authentication During Remote Desktop Sessions”.
The patent covers the use of Plurilock’s DEFEND technology, notably its behavioral-biometric authentication capability, in remote and virtual desktop infrastructure (VDI) environments. VDI environments are commonly used by organizations that hold or must safeguard regulated or sensitive data.
“We are pleased to have received a notice of allowance for one of our U.S. patent applications from the USPTO,” said Ian L. Paterson, CEO of Plurilock. “The expansion of our intellectual property remains a key priority for us and we aim to continue developing new technology to expand our pipeline of advanced AI-driven cybersecurity solutions.”
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 an initial breakout of the trendline followed by hitting recent highs at $0.16 before reversing and selling off hard. The stock failed to remain above the major support zone at $0.12, and has since broken below and printed new all time record lows at $0.075.
For the stock to regain some sort of bullish momentum, it would need to take out the current lower high I have pegged at $0.095. This would be a good start to attempt to regain momentum for a retest of the $0.12 zone.
