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New Listing: Plurilock Security Inc. (TSXV:PLUR)

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Powered by advanced AI and machine learning, Plurilock's proprietary continuous authentication technology uses behavioral biometrics to recognize users automatically based on the rhythm and cadence of their keystrokes.

Additional Information:

Company: Plurilock Security Inc.
Website: http://www.plurilock.com
Stock Symbol: TSXV: PLUR
Date Published: Sep 24, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Plurilock Security Inc., a leading provider of invisible and continuous authentication technologies for enterprises, is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “PLUR”, following its qualifying transaction with Capital Pool Company Libby K Industries.

Powered by advanced AI and machine learning, Plurilock's proprietary continuous authentication technology uses behavioral biometrics to recognize users automatically based on the rhythm and cadence of their keystrokes.

Users are identified when they first log on and their identities are confirmed all day in the background as they work-rewriting the rules of digital identity in the enterprise and putting an end to the long time tensions between security, usability, and productivity.

Ian Paterson, CEO, stated: "We are excited to begin trading on the TSXV at the opening of the market today. This represents a key milestone in our development. When we launched our products in 2017, we set out to transform the cybersecurity market by developing advanced behavioral-biometric technology. Since then, we have made significant progress in growing our customer base, strengthening our operations, assembling a world class team, and putting ourselves in a position to scale our organization and become a leader in the authentication market. As we embark on this next chapter of growth, we look forward to sharing our developments with our current and future shareholders."

Usernames, passwords, and authentication tokens can be forgotten or stolen, and fingerprint or face scans can be fooled.

Plurilock products, on the other hand, track imperceptible micropatterns in keyboard, mouse, and touchscreen activity along with ambient environmental and contextual data that is unique to each individual and their computing devices.

Impersonation is impossible, accounts can't be stolen or shared, and privacy is protected-because Plurilock data can't be used to reconstruct real-world identities.

Plurilock employs a SaaS revenue model with long-term contracts for enterprise customers.

To reach its customers, Plurilock targets both direct sales and channel sales through an engaged network of partners and value-added resellers.

Federal government opportunities are qualified and pursued separately, on an individual basis.

Select customers include the U.S. Department of Homeland Security, U.S. Army, and major banks and financial institutions.

The company received a contract renewal with the U.S. Department of Homeland Security on July 30th 2020, the third in a series of related contracts funded through the DHS Science and Technology Directorate's Silicon Valley Innovation Program that renews the ongoing collaboration between Plurilock and DHS.

The shares are trading at $0.26.

For more information, please visit the company’s website www.plurilock.com, contact Roland Sartorius, CFO, by email at roland.sartorius@plurilock.com.

Investor Relations is handled by Prit Singh, who can be reached at 905-510-7636 or by email at prit.singh@plurilock.com.

I’m Cassandra Bolinski for Investmentpitch Media