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Press release

Plurilock Announces Spring 2022 Product Release

VANCOUVER, BRITISH COLUMBIA— Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries (“Plurilock” or the “Company”), an identity-centric cybersecurity solutions provider for workforces, has announced the availability of its Spring 2022 product release (“Spring ‘22”).

PlurilockTM product releases provide additional features and enhanced functionality for Plurilock’s zero trust identity solutions, including Plurilock ADAPTTM, a standards-based login multi-factor authentication (MFA) solution and Plurilock DEFENDTM, a continuous authentication solution.

DEFEND Application Identity Provider Support

As part of the Plurilock Spring ’22 release, administrations can link the DEFEND administrative application suite to industry-standard identity providers such as Active Directory (AD), enabling enterprises to manage administrator access and permissions in DEFEND from their existing identity platforms for more secure management and better compliance.

Conditional DEFEND Enforcement Based on VPN Status

The Plurilock Spring ’22 release also now provides the ability to include virtual private network (VPN) status in policy decisions, enabling administrations to condition DEFEND enforcement on VPN use. This provides flexibility for the mixed-use endpoints proliferating with the growing shift to remote work environments, and for organizations using bring-your-own-device (BYOD) policies for employees.

Enhancements to DEFEND Engine Training Tools

The Plurilock Spring ’22 release also provides administrators with performance and usability enhancements in DEFEND’s machine learning engine training tools. This enables more effective and granular auto-training of groups of users, streamlining DEFEND deployment and operation and enhancing the accuracy of DEFEND alerts, particularly when operating with large numbers of users.

General Availability for DEFEND Policy Alerting

Included in the Plurilock Spring ’22 release is the general availability of DEFEND’s behavioral-biometric policy and alerting platform. Now system administrators can further define risk events of concern and the customized alerts and enforcement actions to take when these events occur. This provides increased clarity, ease of use, and automation for enterprise clients and security operations center (SOC) teams that routinely need to manage security risk in complex environments.

Plurilock DEFEND’s alerts platform, now in general availability, gathers administrator-defined risk events defined and provides an account of actions taken as a result

Plurilock DEFEND’s alerts platform, now in general availability, gathers administrator-defined risk events defined and provides an account of actions taken as a result

General Availability for ADAPT Administration via Browser

With the Plurilock Spring 22’ release, enhanced browser-based access to ADAPT administration is now generally available to ADAPT customers. ADAPT administrators have access to detailed authentication logs, including biometric and contextual evaluations, as well as user and enrollment statuses and management and other key administrative workflows.

Enhanced browser-based administration for Plurilock ADAPT is now in general availability

Impact and Availability
This latest product release focuses on key insider threat capabilities, BYOD features for mixeduse
endpoints, enhanced policy alerts, administrative console changes, and other features that
enable efficient enterprise deployment and operation.

“For this product release, our team delivered on key customer-driven features that include critical insider threat capabilities and support enterprise deployments,” said Ian L. Paterson, CEO of Plurilock. “Our work in this release is part of Plurilock’s ongoing efforts to enhance product performance and our zero trust identity platform’s ability to protect customers’ networks from the growing cyber threat.”

To expand on this product release, the Company is hosting a Spring 2022 Plurilock DEFEND live demo event on March 1 from 2-3 p.m. Eastern Time, with Plurilock’s Director of Channel Sales, Paul Baker and Vice President of Product, Dr. Aron Hsiao. Register now.

All Plurilock Spring ’22 product release features are in general availability for current and future Plurilock customers.

About Plurilock
Plurilock provides identity-centric cybersecurity for today’s workforces. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers persistent identity assurance with unmatched ease of use.

For more information, visit https://www.plurilock.com or contact:

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

Roland Sartorius
Chief Financial Officer
roland.sartorius@plurilock.com

Prit Singh
Investor Relations
prit.singh@plurilock.com
905.510.7636

Forward-Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) related to future events or Plurilock’s future business, operations, and financial performance and condition. Forward-looking statements normally contain words like “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock’s business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, the success of the Company in obtaining new or extended contracts or orders; the Company’s ability to maintain existing customers or develop new customers; the Company’s ability to successfully integrate acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof; and unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company’s business are more fully discussed under the heading “Risk Factors” in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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