Press release

Plurilock Announces Spring 2021 Product Release

Early access features include new application compatibility, additional customization/tuning, and data privacy enhancements

VICTORIA, BRITISH COLUMBIA — Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) (“Plurilock” or the “Company”), an identity-centric cybersecurity solution provider for workforces, has announced the availability of its Spring 2021 product release (“Spring ’21”).

Plurilock product releases provide additional early access features and enhanced functionality for Plurilock’s enterprise authentication solutions, including Plurilock’s ADAPT standards-based login multi-factor authentication (“MFA”) and Plurilock’s DEFEND continuous authentication.

Early Access Support for DEFEND as an MFA Solution for SSH on Linux

Plurilock’s Spring ’21 product release includes the ability to use DEFEND’s continuous behavioral-biometric identity signal to provide behavioral-biometric MFA for users connecting to Secure Shell (“SSH”) sessions hosted on Linux servers, a need that traditionally has been difficult to meet.

Early Access to Application-specific Profile Tuning

With Plurilock’s Spring ’21 product release, DEFEND administrators will have the ability to optimize or re-optimize user behavior profiles for particular applications, enabling enhanced performance under a variety of client needs and conditions.

Early Access to New DEFEND Agent Privacy Enhancements

Included in the Plurilock Spring ’21 release is a new architecture for DEFEND agent-server communication that further enhances the privacy characteristics of DEFEND’s real-time data stream.

Impact and Availability

Plurilock’s Spring ’21 release has been designed to offer additional support, customization, and enhancements to enterprise clients for whom scalability, reliability, flexibility and support are key purchase and adoption drivers.

“This product release enhances our ability to serve enterprise environments and clients,” said Ian L. Paterson, CEO of Plurilock. “These features address our ongoing work to tune DEFEND’s performance and ease-of-use for specific applications, while ensuring that data privacy continues to be a key driver in DEFEND’s development.”

“As part of our ongoing development as an advanced identity-centric cybersecurity company, we are actively investing in advancing our product portfolio to remain industry competitive,” continued Paterson. “The opportunity in the cybersecurity market continues to accelerate every day and we remain committed to ensuring we are positioned to capture market share in this global industry.”

The Plurilock Spring ’21 product release features will be made available to select customers before general availability later in 2021.

About Plurilock

Plurilock provides identity-centric cybersecurity for today’s workforces. Plurilock offers world-class cybersecurity solutions paired with AI-driven, cloud-friendly security technologies that deliver persistent identity assurance with unmatched ease of use. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction.

For more information, visit https://www.plurilock.com or contact:

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

Roland Sartorius
Chief Financial Officer
roland.sartorius@plurilock.com

Prit Singh
Investor Relations
prit.singh@plurilock.com
905.510.7636

Forward-Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) which relate to future events or Plurilock’s future business, operations, and financial performance and condition. Forward-looking statements normally contain words like “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock’s business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, impact of general economic conditions, success of the Company in obtaining new or extended contracts or orders; the Company’s ability to maintain existing customers or develop new customers; the Company’s ability to successfully integrate acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof; and unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company’s business are more fully discussed under the heading “Risk Factors” in its most recent Annual Information Form and are otherwise disclosed in its filings with securities regulatory authorities, which are available on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.