Technology
Wednesday, August 14th, 2024 2:23 pm EDT
Key Points
- The nonprovisional patent application covers a new CASB technology that automatically prevents the leakage of sensitive and confidential data during AI use
- The application follows the filing and subsequent granting of a provisional patent by the U.S. Patent and Trademark Office
- The filing demonstrates Plurilock’s world-class talent and position at the cutting edge of technology innovation, both of which support the Company’s software and Critical Services businesses
Vancouver, British Columbia–(Newsfile Corp. – August 14, 2024) – Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) (“Plurilock” or the “Company”), a global cybersecurity services and solutions provider, announces that it has filed a nonprovisional patent application with the United States Patent and Trademark Office (USPTO) for a system of AI-driven cloud access security broker (CASB) technology that provides guardrails to reduce the risk of data leakage into AI platforms as users interact with generative AI.
AI use in businesses has expanded rapidly since 2023, with nearly two-thirds of respondents to a McKinsey survey saying that generative AI is now in use in their organization,1 and industry provider OpenAI saying that over 90 percent of Fortune 500 firms use OpenAI products.2
The Company’s nonprovisional patent application follows the filing and later granting3 of a provisional patent by the USPTO and is expected to further expand the Company’s foundational IP strategy and holdings. The filing demonstrates the deep cybersecurity and engineering expertise that resides in the Company’s exceptional Critical Services team, as well as the way in which the company continues to create potential opportunities for long-term value generation in its software business.
“Our amazing team remains a leader in cybersecurity and information security research and development,” said Ian L. Paterson, CEO of Plurilock. “We expect this nonprovisional patent application to further expand the base of proprietary technologies in AI and cybersecurity that is foundational to our Company. Furthermore, we are proud to showcase the expertise on offer in our industry-leading Critical Services team, which is responsible for the work that led to this filing.”
About Plurilock
Plurilock sells cybersecurity solutions to the United States and Canadian Federal Governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of Critical Services-aiding clients with our expertise to defend against, detect, and prevent costly data breaches and cyberattacks.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566
Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720
Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.
