Plurilock Announces Master OEM Agreement

The agreement will deliver Plurilock solutions to numerous North American call center organizations that require safe remote work access

Victoria, British Columbia--(Newsfile Corp. - March 25, 2021) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a leading provider of invisible and continuous authentication technologies for enterprises, is pleased to announce that it has entered into a master OEM agreement with Baco Holdings, doing business as "Untangl". Untangl is a leading contact center technology solutions provider to integrate and resell Plurilock's products.

Untangl provides technology solutions to simplify customer and agent interactions for business that have high volume contact center organizations including business process outsourcing ("BPO") companies. Under the agreement, Plurilock's technology offerings will be provided to numerous North American organizations that require a strong cybersecurity infrastructure in order to provide secure remote work access to their large userbases. Plurilock's identity assurance products will be incorporated into its comprehensive contact center solutions platform, currently in development.

"This agreement advances our channel-led strategy in the new normal of remote work where companies permit their employees and staff to work at different locations," said Ian L. Paterson, CEO of Plurilock. "Remote operations are essential to companies that rely on extensive information exchange between critical stakeholders. Plurilock's cybersecurity products will protect employees from falling victim to security breaches during remote work, ensuring the safe flow of information within these businesses."

About Untangl

Untangl enables more efficient communication between businesses and their customers. They are committed to providing solutions focusing on contact center employees. The Untangl brand uses technology, process and data to help make each interaction an agent has successful. By driving solutions that simplify an agents job, Untangl is able to help create a successful environment for them to operate in. This approach is designed to drive retention and performance, all while delivering dramatically lower costs for their clients.

For more information, contact us at info@untangl.net^[1]

About Plurilock

Plurilock is a cybersecurity company that provides advanced and continuous authentication for standards and regulatory compliance. Plurilock's software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based MFA solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely-and with peace of mind.

For more information, visit https://www.plurilock.com^[2] or contact:

Ian L. PatersonChief Executive Officerian@plurilock.com^[3]416.800.1566

Roland SartoriusChief Financial Officerroland.sartorius@plurilock.com^[4]

Prit SinghInvestor Relationsprit.singh@plurilock.com^[5]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, unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. 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.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/78591^[6]

References

1. ^{^} info@untangl.net (www.newsfilecorp.com)
2. ^{^} https://www.plurilock.com (www.newsfilecorp.com)
3. ^{^} ian@plurilock.com (www.newsfilecorp.com)
4. ^{^} roland.sartorius@plurilock.com (www.newsfilecorp.com)
5. ^{^} prit.singh@plurilock.com (www.newsfilecorp.com)
6. ^{^} https://www.newsfilecorp.com/release/78591 (www.newsfilecorp.com)