Plurilock Successfully Meets Second Milestone in Department of Homeland Security Contract
Victoria, British Columbia--(Newsfile Corp. - March 11, 2021) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a leading provider of invisible and continuous authentication technologies for enterprises, this week announced the successful completion of the second milestone of a recent contract with the US Department of Homeland Security ("DHS").
The Victoria-based cybersecurity provider completed the milestone, the second in a series of four deliverable milestones, under a US$198,000 contract from the DHS Science and Technology Directorate's ("S&T") Silicon Valley Innovation Program ("SVIP"). The contract tasks Plurilock with continuing to develop and refine a new generation of machine-to-machine authentication and security technologies.
Under the milestone, Plurilock passed a series of internal red team tests designed to further harden the technology and prepare it for external red team testing.
"One of the aspects of cybersecurity is that it is sometimes hard to talk about your clients for security reasons," says Ian L. Paterson, CEO of Plurilock Security Inc. "SVIP has been an excellent referenceable collaborator in the development of forward-looking technologies and has enabled Plurilock to make significant progress in its development of mission-oriented cybersecurity solutions."
Plurilock expects machine-to-machine authentication to become an increasingly important cybersecurity capability as smart devices, embedded computing, and the Internet of Things ("IoT") proliferate in government and business settings. The Company plans to continue to refine the technology, which enables authentication and stand-off detection for any IoT device on an enterprise network by analyzing a variety of identifying characteristics beyond IP and MAC addresses.
SVIP is one of S&T's programs and tools to fund innovation and work with private sector partners to advance homeland security solutions. SVIP reaches out to innovation communities across the globe to harness commercial research and development for government applications, co-invest in, and accelerate the transition of technology to the commercial market. Companies participating in SVIP are eligible for up to US$800,000 of non-dilutive funding to develop and adapt commercial technologies for homeland security use cases.
Plurilock is a cybersecurity company that provides advanced and continuous authentication for standards and regulatory compliance. Plurilock's software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based MFA solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely-and with peace of mind.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
Chief Financial Officer
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