RE:RE:RE:The Two Best ARR models Hidden Within on the TSXV… What is Plurilocks business in security relative to Route1? Are they in a competitive role or just another segment of cyber?:
"Plurilock is an innovative, identity-centric cybersecurity company that reduces or eliminates the need for passwords, extra authentication steps, and cumbersome authentication devices. Plurilock's software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based authentication solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely and with peace of mind."
Ian L. Paterson, CEO of Plurilock. "The growth exhibited provides further validation that enterprise customers look to Plurilock for a partner that delivers simple, reliable, industry leading cybersecurity solutions to some of the world's leading organizations."
"As part of our stated strategy of acquiring assets to complement our existing authentication products, we completed our first acquisition of cybersecurity solutions provider Aurora Systems Consulting Inc.," continued Mr. Paterson. "With Aurora, we have secured a channel partner with an experienced sales force and over 140 government and commercial customers to offer our high margin software. As well, we have seen success of our sales strategy with our recent $672,000 multi-year purchase order of DEFEND continuous authentication product by a leading overseas financial institution."
Isn't the U.S. Navy supposed to be a big target for Route1 and Mobikey and possibly DerivID?
"During Q2 2021 the Company announced US$3,319,000 of new orders and contracts which included a US$1.15 million order with the U.S. Department of the Navy under National Aeronautics and Space Administration's ("NASA") Solution for Enterprise-Wide Procurement ("SEWP"), United States Government-Wide Acquisition Contract Vehicle ("GWAC") that was announced on May 7, 2021."
"On June 29, 2021, the Company added retired U.S. Navy vice-admiral Jan E. Tighe to its advisory board, who currently serves as an independent director on the board of Goldman Sachs."
So it seems that the new guy on the block is making waves that the old timer is not -- but again, is it a different segment of business for the Navy - or is it just a more aggressive approach i.e. he is not sitting comfortable just waiting for things to come to him?