What's Going On With Plurilock Security?
Plurilock Security (PLCKF) today announced it secured a U.S. Naval Warfare Purchase Order for US$250,000, which is part of the National Aeronautics and Space Administration's (NASA) Solution for Enterprise-Wide Procurement (SEWP) program. Shares of the company were trading 1.92% higher to $0.457 a share on Thursday.
What Does This Mean For Plurilock Security?
As part of the deal, Plurilock will provide the NSWC with a renewal of their Dell EMC Unity maintenance support for existing hardware. The NSWC is part of the Naval Sea Systems Command and is a crucial component in providing technical solutions to the U.S. Navy. All contracts signed by Plurilock since April, including the latest, appear to total $10.48 million in sales.
"At a time when data breaches are on the rise, the U.S. administration continues to allocate resources to improve the nation's cyber resiliency, which creates a high demand for cyber defense products," said Ian L. Paterson, CEO of Plurilock. Adding, "as a result, we are pleased to be able to fulfill the stringent security requirements of a prominent U.S. government organization such as the Naval Service Warfare Center."
Plurilock Security Inc., an identity-centric cybersecurity company, provides multi-factor authentication (MFA) solutions using behavioral-biometric, environmental, and contextual technologies.
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Plurilock is an innovative, identity-centric cybersecurity company that reduces or eliminates the need for passwords, extra authentication steps, and cumbersome authentication devices. Plurilock's software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based authentication solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely and with peace of mind.