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November 18, 2024

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Plurilock Security (PLUR.V) bags three year US$814,000 contract

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 that it has been awarded a contract to deliver cloud and data security solutions to a major global laboratory data and advisory firm through its Aurora subsidiary.

Under the terms of a three year, US$814,000 contract, the Company will provide integrated cloud security posture management, cloud native application protection, and data security posture management capabilities to an existing customer. These solutions will enable the customer, who serves thousands of laboratories around the world in pharmaceutical, biotech, chemistry, and other scientific fields, to better protect and manage their proprietary cloud applications and data.

“We are pleased we can continue to deliver needed security solutions to our base of existing customers and partners,” said Ian L. Paterson, CEO of Plurilock. “We have recently added additional sales people to focus on higher margin products and services that address growing compliance concerns and cybersecurity threats facing businesses today.”

This comes after Plurilock announced a US$6 million contract with the US Treasury.

TSXV_DLY:PLUR Chart Image by Uncharted-FX

The downtrend remains intact and will be until we can close above the downtrend line. There is resistance at the $0.375 zone. This is the zone buyers want to see break to create strong momentum higher. Support comes in at the previous record lows at $0.20.

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