Advancing Technology Helps Propel Cybersecurity to New Heights - Seite 2

In preparation for the anticipated growth in the cybersecurity sector, Plurilock has made some key developments since going public this year to address and capitalize on this global opportunity.

Key Developments

Public Listing

On September 24th, 2020, the Company began trading on the TSX Venture Exchange under the ticker PLUR after completing a qualifying transaction ("QT") with Libby K Industries, Inc. on September 17, 2020. Plurilock also completed a concurrent financing with the QT, which saw the Company successfully raise $2.6 million. The concurrent financing was led by PI Financial and included Industrial Alliance Securities.

Expert Advisory Board and Advisors

The Company assembled an Advisory Board consisting of technology sector experts to provide guidance to Plurilock on planning and executing strategic initiatives while accelerating the growth of the Company. Members of the Advisory Board include Dr. Issa Traoré, Ph.D., Merv Chia and Mark Orsmond.

Additionally, the Company appointed two veteran multinational security leaders, Gaétan Houle and Chris Pierce as advisors to the Company. Mr. Houle has held various security leadership roles in reputable government agencies such as the Canadian Federal Government, Department of National Defence and the former Department of Foreign Affairs, now known as Global Affairs Canada. Mr. Pierce is an accomplished executive and consultant who oversaw the international division of Booz Allen Hamilton Holding Corporation and led the development of Booz Allen's international business strategy.

Partnerships and Relationships

• A new product collaboration with identity and access management ("IAM") provider Gluu, including the inclusion of native Plurilock support in standard Gluu releases going forward.
• The services of Government Sales Specialists, LLC, an outsourced federal sales agency, were retained by the Company to grow its pipeline of government sales.
• Completion of the first milestone of a US$198,000 contract with the US Department of Homeland Security, for which the Company received US$70,000.
• A major US financial services firm awarded a US$42,000 annual recurring contract to Plurilock to deploy the Company's core authentication solutions.

Certification and Compliance Program -