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.
Today, the Company announced a 3-year renewal of its standing offer contract with the Canadian Air Transport Security Authority.
Under the terms of the contract, Integra Networks, part of Plurilock’s solutions division, will become a standing offer provider of computing and technology peripherals, to the Canadian Crown Corporation responsible for the security screening of people and baggage, as well as the administration of identity cards, at the 89 designated airports in Canada. The contract is a general agreement that is open-ended as to amounts and activity.
“Air transport security is one of the most critical security functions in any modern society,” said Ian L. Paterson, CEO of Plurilock. “We’re excited to renew our relationship with the Canadian Air Transport Security Authority and to have the opportunity to continue to provide them with the technology that they require in order to carry out their vital security mission.”
On November 22nd 2023, Plurilock announces Q3 2023 financial results which included a revenue increase. For a breakdown of the numbers, check out this article.
A bottoming play with the stock recently printing new all time record lows at $0.06. This is now a bottom picker reversal play. We continue to get catalysts but not enough to cause a breakout trigger above the key $0.075 resistance level. Investors and reversal traders want to see a daily candle close above this price level to trigger a breakout and then a potential reversal.
