Plurilock Security Solutions Advancements Bolstered byContinuous Innovation with Assistance from Boast
Best-in-class cybersecurity company pushes limits for its authentication solutions—built on advanced behavioral-biometric technologies—through investment in innovation
VANCOUVER, CANADA, November 18, 2021—Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) (“Plurilock” or the “Company“), an identity-centric cybersecurity solutions provider for workforces, utilized scientific research and experimental development (SR&ED) tax credits and Boast’s expertise through its subsidiary, Plurilock Security Solutions Inc. (‘”Plurilock Security Solutions”) to bolster innovation of Plurilock’s continuous authentication cybersecurity products.
The world’s data security is continually being challenged, and to combat the growing number of devastating cyber-attacks impacting enterprises, newer technologies are needed to ensure the safety of networks and critical assets. Plurilock’s mission is to serve as a zero-trust solution, using proprietary, AI-driven behavioral-biometric technology to protect organizations by continuously authenticating the identity of device users.
“Our technology provides the missing piece of the zero-trust puzzle, enabling organizations to protect their devices without adding friction for their employees,” said Ian L. Paterson, Plurilock CEO. “Being the leader in continuous authentication means we need to constantly innovate to provide the best possible product and stay ahead of the growing cyber threat.”
Plurilock pursued a public listing in 2020 with the TSX Venture Exchange followed by the OTCQB Venture Market to further accelerate the Company’s growth. Prior to Plurilock transitioning to a public company, its subsidiary, Plurilock Security Solutions engaged tax incentive technology specialist Boast® to capture eligible tax incentives from the Canadian government’s SR&ED program.
“Our work with Boast on leveraging SR&ED and IRAP program funding laid the foundation for Plurilock to successfully file three patents, increasing our competitive moat, which would have been very difficult without the SR&ED funds,” said Paterson.
“Plurilock makes innovation a continuous commitment,” said Lloyed Lobo, Boast co-founder. “They use their advancements to spur growth and differentiation, and they accelerate job growth and the development of new technology. Throughout our engagement with Plurilock Security Solutions, Boast’s used its AI-powered software which makes eligibility determination seamless”
Boast is a fintech platform that is democratizing access to billions of dollars in R&D tax credits and innovation funding so companies can fuel their growth while preserving equity and avoiding red tape. With operations across the U.S. and Canada, more than 1,000 innovative companies have leveraged Boast to get more money faster for less time and risk. boast.ai
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.com
For more information:
Ian L. Paterson
Chief Executive Officer