Press release

Plurilock Wins Gold Globee® Cybersecurity Award for DEFEND Zero Trust Identity Solution

  • Company wins award for its high-margin, cutting-edge continuous authentication technology

  • Second award for Plurilock since September 2021

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 been named by The Globee® Awards as a winner in the 18th Annual 2022 Cyber Security Global Excellence Awards®.

These prestigious global awards recognize cybersecurity and information technology companies with advanced, ground-breaking products, solutions, and services. More than 55 judges from around the world participated in selecting this year’s winning companies.

PlurilockTM was named as a Gold Globee winner for the “Hot Security Technology of the Year” award, in the artificial intelligence (AI) in security category, for the newly released v5.6.1 of Plurilock DEFENDTM. The new DEFEND version was previously announced on February 23, 2022 as part of the Company’s spring product release.

DEFEND is a zero trust identity and continuous authentication solution that offers identity assurance and compromise detection, alerting IT security personnel to potential threats in real time using AI and machine learning technology. The solution runs invisibly, providing continuous identity detection and endpoint visibility in the background as users work, without adding end user friction.

With estimates stating that global cybercrime costs will grow by 15 percent annually over the next five years, innovative cybersecurity technologies are critical in combatting cyber threats.1

“Plurilock is proud to be recognized as an industry leader, creating zero trust identity solutions that protect enterprises from the growing cyber threat,” said Ian L. Paterson, CEO of Plurilock. “This latest award further demonstrates the strength of our DEFEND solution and our commitment to delivering new versions of the software that provide key customer-driven features and enable critical elements of a zero trust architecture.”

About the Globee Awards

Globee Awards are conferred in ten programs and competitions: the American Best in Business Awards, Business and Communications Excellence Awards, CEO World Awards®, Cyber Security Global Excellence Awards®, Disruptor Company Awards, Golden Bridge Awards®, Information Technology World Awards®, International Best in Business Awards, Sales, Marketing, & Service Excellence Awards, and Women World Awards®.

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.

  1. https://cybersecurityventures.com/hackerpocalypse-cybercrime-report-2016/#:~:text=Cybersecurity%20Ventures%20expects%20global%20cybercrime,%243%20trillion%20USD%20in%202015