- Cybersecurity company, Plurilock Security (PLUR) has commenced its first day of trading on the TSX Venture Exchange
- The company gained the TSXV listing after amalgamating with capital pool company Libby K Industries earlier this year
- Plurilock’s proprietary authentication technology uses behavioural biometrics to recognise users based on their typing patterns
- The company’s growing customer base includes the US Department of Homeland Security and the US Army, amongst others
- Plurilock Security (PLUR) is up 75 per cent and is currently trading at C$0.28 per share
Cybersecurity company, Plurilock Security (PLUR) has commenced its first day of trading on the TSX Venture Exchange.
The company began trading at the opening of the market, under the ticker code PLUR.
Plurilock gained the TSXV listing after amalgamating with capital pool company Libby K Industries earlier this year. The three-corner amalgamation counted as a qualifying transaction for Libby K, allowing the company to bring Plurilock to the Exchange.
As a cybersecurity business, Plurilock provides invisible and continuous authentication technologies to enterprises that need them. The company’s proprietary authentication technology is powered by advanced artificial intelligence and machine learning.
The technology uses behavioural biometrics to recognise users, based on their unique typing patterns. Specifically, the product registers the rhythm and cadence of a person’s keystrokes, and uses it to confirm their identity.
Prior to listing on the TSXV, Plurilock has worked to attract big-ticket clients with its unique cybersecurity offering. The company’s growing customer base already includes the US Department of Homeland Security, the US Army, major banks, and other financial institutions.
Plurilock’s CEO, Ian Paterson, commented on the milestone achievement.
“When we launched our products in 2017, we set out to transform the cybersecurity market by developing advanced behavioural-biometric technology.
“Since then, we have made significant progress in growing our customer base, strengthening our operations, assembling a world-class team, and putting ourselves in a position to scale our organisation and become a leader in the authentication market.
“As we embark on this next chapter of growth, we look forward to sharing our developments with our current and future shareholders,” he said.
Plurilock Security (PLUR) is up 75 per cent and is trading at C$0.28 per share at 2:26pm EDT.
