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Plurilock Announces Sale Order of Flagship AI-Driven Cybersecurity Platform with Overseas Utility Infrastructure Developer
Friday, June 2, 2023Company Profile | Follow Company
The Customer will license the Company's high-margin software offering, 'Plurilock AI'
Victoria, BC, June 2, 2023--(T-Net)--Plurilock Security Inc. (TSXV: PLUR) and related subsidiaries, an identity-centric cybersecurity solutions provider for workforces, announced that the Company has received a sale order for its flagship software platform, 'Plurilock AI' with an overseas utility infrastructure developer.
The Customer's portfolio which includes projects that are completed and under development, covers over 10,000 kilometres of power transmission lines across two countries.
According to the terms of the contract, the Customer will license the cloud security functionality of the Plurilock AI platform, which includes Single Sign-On, Access Control Management, Password Policy and Self-Password Reset.
Ian Paterson, CEO, Plurilock Security Solutions Inc.
"We announced a sale order for our high-margin AI-driven software with a new customer," said Ian L. Paterson, CEO of Plurilock. "The utilities sector is unfortunately a popular target for cybercriminals, and we see a growing demand for advanced zero-trust technology in this space. Overall, this order highlights our commitment to further expand our sales pipeline across different key industries."
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.
Plurilock's Base Shelf Prospectus, Prospectus Supplement, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. 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. [ MORE ] |
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Plurilock Security Solutions Inc.
Victoria (InfoTech)
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