The press releases and positive news catalysts continue in 2023 for Plurilock Security Inc (PLUR.V). The company is a Canadian identity-centric 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 expanded its contract for its flagship cybersecurity software platform with an overseas mortgage lender.
The customer signed a sale order initially with Plurilock in December 2022. Under this contract expansion, the customer will purchase additional user licenses for this platform, increasing the total number of users to 2260.
“The contract expansion highlights our commitment to grow our existing business relationships,” said Ian L. Paterson, CEO of Plurilock. “The overseas customer has an extensive network of branches and employees across the country and requires advanced zero-trust cloud solutions to protect its large database.”
This continues the release of positive press releases. Recent weeks has seen Plurilock announce:
A purchase order for the company’s flagship cybersecurity platform from a US Credit Union.
A purchase order for the company’s flagship software program from a US financial institution.
Seven new California Multiple Award Schedule contracts.
And a three-contract renewal for its cybersecurity platform with Muthoot Finance Ltd.
The stock continues to move the way I have highlighted for readers. The breakout is still in play as long as we hold above $0.17. $0.25 is the next resistance zone to be tested, and a breakout above this zone just continues the new uptrend.
The trajectory might not be straight up right away. As you can see on the right of my candles, I have outlined the typical breakout trajectory. There is a chance that the price could pull back first as some traders/investors take profits. Completely normal. On a breakout, price tends to pullback down to the breakout zone which sees buyers step back in. A retest of $0.165-$0.17 could happen which would give us a higher low to take us to $0.25.
