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, today announced the next iteration of its cybersecurity solutions platform, which will now be called, ‘Plurilock AI’.
Plurilock AI places new emphasis on advanced least privilege access management strategies, which enable organizations to provide users the smallest possible amount of computing access needed to do their work. Least privilege access, which is emerging as a core challenge in cybersecurity and related zero trust initiatives, grants access only to the precise resources needed to perform a task, only when needed, only for as long as needed, and only to the authorized individual.
The updated Plurilock AI platform leverages the capabilities of Plurilock’s DEFEND real-time authentication technology, combining these with the technology gained in the Company’s acquisition of CloudCodes Software Private Limited in Q4 2022, to deliver next-generation least privilege and zero trust solutions.
Plurilock AI is available in three configurations:
Plurilock AI Cloud, an agentless solution that provides a comprehensive suite of tools to enable powerful, cost-effective least privilege access management across an organization’s cloud universe, along with cloud-based data loss prevention (DLP) capabilities.
Plurilock AI Cloud DLP, which pairs the least privilege access management tools of Plurilock AI Cloud with an endpoint agent that enables endpoint-based data loss prevention capability, ensuring that least privilege strategies are maintained to protect sensitive data across employee workstations.
Plurilock AI Complete, which ties these capabilities to machine learning and behavioral biometric identity. This provides real-time, moment-by-moment authentication and identity confirmation as a signal to manage cloud and data access, ensuring that access is granted only when, and for as long as, the authorized user is physically present and working at the endpoint.
In combination with this product update, the Company has launched an expanded set of professional services offerings and capabilities based on Plurilock AI. These leverage the Plurilock AI platform, proprietary Plurilock frameworks, and allied industry-leading products to deliver integrated, comprehensive least privilege access management and zero trust solutions for customers.
“As a company, we have years of experience, multiple patents and demonstrated capability to leverage advanced AI to solve cyber problems,” said Ian L. Paterson, CEO of Plurilock. “With this iteration of our platform, Plurilock AI, and the continued focus on growing our professional services division, we can now leverage this expertise directly in customer environments to deliver end-to-end, framework-driven least privilege and zero trust solutions.”
Current customers will not see changes to their existing service. Instead, they will see Plurilock offer a highly engaged Plurilock AI roadmap that closes the loop on least privilege and zero trust, along with newly expanded professional services capacity and new tools focused on enabling customers to achieve these goals in real-world environments.
About Plurilock
Plurilock secures workforces, delivering least privilege access management and advanced IT solutions to over 600 commercial and government customers worldwide. With industry-leading artificial intelligence and patented real-time identity confirmation technology, Plurilock combines next-generation cybersecurity with a comprehensive line of products and services that enable teams across North America and the globe to compute safely in a remote work world.
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.
