Best-in-class cybersecurity company pushes
limits for its authentication solutions—built on advanced
behavioral-biometric technologies—through investment in
innovation
VANCOUVER, BC, Nov. 18, 2021 /CNW/ -- 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"
About Boast
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
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.com
SOURCE Boast
