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, Plurilock Security announced the launch of Plurilock Critical Services, a new services division designed to enhance security and resiliency for multinational companies facing geopolitical, supply chain, and other environmental risks.

This new division will assist organizations in supporting, architecting, building, and rebuilding infrastructure through a security and resiliency lens, enabling organizations critical to western democracies to continue to fulfill their roles. The launch of the new division follows the Company’s announcement of significant period-over-period growth in professional services revenue during Q3 2023.

Plurilock Critical Services will provide professional services in four broad areas:

• Digital transformation: cloud and multi-cloud infrastructure and migration, enterprise networking, technology logistics, data and AI implementation and migration, and continuity and resilience design
• Cyber engineering: cloud security, identity security, network security, endpoint, on-premises, and cloud data loss prevention
• Cyber operations: penetration testing, environment and surface hardening, threat intelligence and monitoring, incident response and management, digital forensics, disaster recovery, security awareness and training
• Advisory and GRC services: standards and compliance assessments (SOC 1 and 2, ISO 27001, CMMC, NIST and NIST CSF, PCI, MITRE, and others), supply chain and geopolitical risk assessment and management, cyber maturity optimization, resilience training, war gaming and tabletop exercises

“Plurilock Critical Services is a response to the high demand for cybersecurity services that we are seeing from companies of national and allied western importance,” says Ian L. Paterson, CEO of Plurilock. “As these companies struggle with shifting geopolitical realities, the need to reshore key operations, and the emergence new of global risks, they are finding that they need to achieve a new tier of operational resilience. Plurilock has the deep government, security, and technology expertise to enable and to implement this resilience, and we’re excited to be able to provide it.”

The stock has continued its downtrend and has printed new all time record lows at $0.045. We could be seeing the exhaustion of selling pressure as evident by the range which is developing. Technically, $0.07 remains the lower high the stock needs to close above to turn things around and nullify this downtrend. A close above this level would also be able to get us back above the downtrend line which the stock has been adhering to.