October 20, 2024: Markets Keep Climbing Wall of Worry

Last week, major indexes rose for the sixth straight week. Dow Jones rose, ~1% and a hit a record high Friday, S&P 500 was up 0.85%, and hit a record close Friday, Nasdaq composite rose 0.8%. Chinese robotaxi firm, Pony AI filed for a US IPO. Zuora, which sells software for businesses to manage subscription billing, has agreed to be bought by private equity firm Silver Lake and Singaporean sovereign wealth fund GIC for US$1.7 billion. Uber reportedly explored a possible bid for Expedia in a ‘super app’ growth push. Stripe is in talks to acquire Bridge for US$1 billion, Stripe has made it clear that crypto is a huge priority for the company. Billionaire investor Stanley Druckenmiller said he regrets selling his entire Nvidia stake, and is looking to buy again. Shares in semiconductor equipment maker ASML fell 16% on Tuesday, after the Dutch company published financial results a day early, issuing disappointing sales forecasts. TSMC’s profit rose 54% on AI demand. Netflix stock hit an all time high in Q3 results. Amazon and Google are also investing in nuclear power and backing small nuclear reactors. iPhone reportedly had its best ever and nearly topped Samsung globally per research firm Canalys. In Canada, a Hong Kong billionaire increased their stake in Well Health Technologies with a $81-million private share purchase. Sophic Client, Kraken Robotics filed its final short form prospectus in connection with its bought deal public offering. The Company also received $13 million of subsea battery orders. Sophic Client, Intermap announced that Česká podnikatelská pojišťovna (ČPP), a subsidiary of the Vienna Insurance Group subscribed to Intermap’s innovative solution for determining the market price of real estate properties. Sophic Client, American Aires and MBM Motorsports partnered to protect NASCAR Cup team from in-race EMF radiation in an innovative sponsorship.

Sophic Client Kraken Robotics (PNG-TSXV, KRKNF-OTC) files final short form prospectus in connection with its bought deal public offering.

The final short for prospectus was filed with the securities commissions in each of the provinces of Canada, except Quebec pursuant to its $45 million bought deal public offering of common shares (the “Common Shares”) at $1.60 per Common Share (the “Offering”) through a syndicate of underwriters led by Cormark Securities Inc., and including Canaccord Genuity Corp., Beacon Securities Limited, Raymond James Ltd., and Scotia Capital Inc. (the “Underwriters”). The Company has granted the Underwriters an option (the “Over-Allotment Option”) to purchase up to an additional 15.0% of the Common Shares of the Offering on the same terms exercisable at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments, if any. https://tinyurl.com/yjh9s8cp

Sophic Client Kraken Robotics (PNG-TSXV, KRKNF-OTC) receives $13 million of subsea battery orders.

“With underwater robotics, there are always design trade-offs between size, weight, power and cost requirements,” said Greg Reid, President and CEO of Kraken Robotics. “To increase endurance, designers typically need to increase the size and weight of a vehicle. But with Kraken’s SeaPower batteries, they can get the best of both worlds, providing some of the highest energy density and most cost-effective subsea energy storage systems available. Our batteries are in active use worldwide, and have been field proven by customers in commercial and defense, often doubling the endurance of their vehicles when compared to alternative solutions.” https://tinyurl.com/y483e9j4

Sophic Client Intermap (IMP-TSX, ITMSF-OTC), a global leader in 3D geospatial products and intelligence solutions, announced that Česká podnikatelská pojišťovna (ČPP), a subsidiary of the Vienna Insurance Group, has subscribed to Intermap’s innovative solution for determining the market price of real estate properties.

Intermap and its partner Dataligence recently launched a solution that combines Intermap’s data and analytics for underwriting, reinsurance and claims with Dataligence’s world-class pricing and real estate databases. ČPP, a long-term user of Intermap’s Aquarius RMA, is the newest major EU insurance group customer to adopt this innovative solution. “We chose this innovative solution because it will make it easier and more convenient for our clients to arrange insurance. At the same time, we see our partners as technology leaders whose data is accurate, robust and reliable,” said Michal Šimon, manager of non-life insurance at Česká podnikatelská pojišťovna. https://tinyurl.com/w73n6ztv

Sophic Client American Aires (WIFI-CSE, AAIRF-OTCQB) and MBM Motorsports partner to protect NASCAR Cup team from in-race electromagnetic field radiation in innovative sponsorship.

Driver Chad Finchum and the #66 Ford Mustang crew will showcase Aires Tech’s products, which are designed to shield the human body from EMF radiation emitted by wireless technologies. For Finchum and his race crew, Aires’ Lifetune will protect them against the EMF emissions from their many complex in-race communication devices throughout the 267-lap race. https://tinyurl.com/yssvm77h

Hong Kong billionaire ups stake in Well Health Technologies (WELL-TSX) with $81-million private share purchase.

According to an early warning report issued on behalf of “Chau Hoi Shuen Solina Holly” on Oct. 15, Chau acquired approximately 18.6 million common shares in Well Health at a price of $4.34 per share. The deal gives Chau a 14.53 percent ownership stake in the company, representing roughly 36 million shares. The early warning report states that Chau indirectly owned seven percent of Well Health’s outstanding shares. According to a report from Private Capital Journal this deal makes Chau the largest Well Health shareholder. While Well Health is a publicly traded company, this acquisition was made by way of a private share purchase agreement, which means that instead of buying shares on the open market, Chau directly purchased shares from a specific shareholder or group of shareholders in a private transaction. https://tinyurl.com/3d2h7kd3

Bitcoin infrastructure unicorn Blockstream raises $289 million to boost mining operations.

Delaware-based Fulgur Ventures, which typically invests in Bitcoin and layer-2 technology startups at the early stage, led the convertible note round. It had previously supported Blockstream’s US$125 million convertible note raise to expand its Bitcoin mining operations in 2023. The latest fundraise brings Blockstream’s total funding to over $822 million. Blockstream raised $266 million CAD (US$210 million) for its Series B round in 2021, making waves as a rare Canadian unicorn with a US$4 billion valuation. In December 2022, Bloomberg reported that Blockstream was fundraising at a lower valuation than its 2021 Series B round. The company declined to disclose an updated valuation to BetaKit. https://tinyurl.com/56s47uvx

Fable raises US$25-million Series B round from Five Elms Capital to tackle accessibility in AI.

Toronto-based accessibility tech startup Fable has raised US$25 million in Series B funding as it looks to further address inclusivity in digital products, including artificial intelligence (AI). The sole participant of the round was Five Elms Capital, which also led Fable’s Series A round in May 2022. https://tinyurl.com/4t97xx6j

Round13 Capital to acquire startup lending platform TIMIA Group for $6.5 million.

The transaction, announced Thursday, includes a $4.5-million cash payment and a $2-million debt repayment to Pivot Financial, a creditor connected to TIMIA Capital. Montfort has agreed to sell all its rights and interests in the entities that make up the TIMIA Capital business unit. The sale also includes Montfort’s equity stake in the TIMIA Group investment funds. https://tinyurl.com/4zm7v77b

Chinese robotaxi firm Pony AI files for US IPO.

Activity in the IPO market has picked up pace in recent weeks, buoyed by the U.S. Federal Reserve kicking off its highly anticipated policy-easing cycle and benchmark indexes trading near record high levels. Pony AI, in which Japan’s Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to US$24.7 million in the first half of 2024. Net loss attributable to the company was US$51.3 million in the same period, compared with $69.4 million last year. The company said it operates a fleet of over 250 robotaxis, which have accumulated over 33.5 million kilometers of autonomous driving mileage, including over 3.9 million kilometers of driver-less mileage. The company was valued at US$8.5 billion when it raised funds in 2022. It also secured $100 million from Saudi Arabia’s NEOM last year. Even so, analysts and industry experts note that establishing robotaxis may still take years, primarily due to the challenges of ensuring safety and reliability. They cite accidents and the technology’s struggles to respond to situations such as inclement weather, complex intersections and unpredictable pedestrian behavior. https://tinyurl.com/2w3vmvsa

Silver Lake, GIC to take software firm Zuora private for US$1.7 billion.

Zuora, which sells software for businesses to manage subscription billing, has agreed to be bought by private equity firm Silver Lake and Singaporean sovereign wealth fund GIC for US$1.7 billion, the company said Thursday. The deal values Zuora 20% higher than its valuation in April, before media reports circulated about a potential sale. The deal is the latest in a string of software deals by Silver Lake this year. The private-equity firm has invested in at least 18 software buyouts since January, according to PitchBook. Zuora went public in 2018 but has had a rocky performance since then, with shares trading at less than half of its IPO price for most of this year. Its CEO, Tien Tzuo, was an early employee at Salesforce and later its chief strategy officer before co-founding Zuora. https://tinyurl.com/284b5wut

Uber explored possible bid for Expedia in ‘super app’ growth push.

Buying the travel website would be the ride-hailing group’s biggest deal as it looks to diversify, Any deal would have to be handled delicately because Uber CEO Dara Khosrowshahi ran Expedia until 2017 and remains on its board Uber has explored a possible bid for Expedia, the nearly US$20 billion US travel booking website, in what would be by far the ride-hailing company’s largest acquisition as it looks to diversify further and find new avenues for growth. Uber approached advisers in recent months after the idea of an Expedia acquisition was broached by a third party to examine whether such a deal would be possible and how it could be structured, according to three people familiar with the process. https://tinyurl.com/3w4tmya9

Stripe in talks to acquire Bridge for US$1 billion.

The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised US$58 million from investors like Index Ventures and Sequoia Capital, according to PitchBook. If the deal with Stripe goes through, it would be a huge jump from Bridge’s US$200 million valuation, as well as being Stripe’s largest acquisition to date. Stripe has made it clear that crypto is a huge priority for the company. In July, it enabled crypto purchases in the EU, and earlier this month, Stripe announced a Pay with Crypto feature that lets merchants accept stablecoins. https://tinyurl.com/2c7p56s3

Intel seeks billions for minority stake in Altera business, sources say.

Intel is looking for a deal that values Altera at around US$17 billion, said the people, who requested anonymity to speak freely about confidential information. Intel purchased Altera for US$16.7 billion in 2015. Following a steep drop in its stock price and extended stretch of market share losses, Intel has been looking to make drastic changes. The company made overtures to a number of private equity and strategic investors this week about Altera, the sources said. Intel has expressed to some of those investors that it would be possible to acquire a majority stake in the business. A representative for Intel declined to comment. The sale process represents an abrupt change from Intel’s prior commentary on Altera. As recently last month, CEO Pat Gelsinger said that Intel’s leadership considered the business to be a core part of Intel’s future. Intel has previously said it could look to monetize Altera business through an IPO, possibly as soon as 2026. But the idea of taking strategic or private equity investment would be a marked acceleration of those plans. https://tinyurl.com/2tbr4avn

Billionaire investor Stanley Druckenmiller says he regrets selling his entire Nvidia stake, and is looking to buy again.

Months after Stanley Druckenmiller offloaded his entire Nvidia stake, the billionaire investor says he regrets the decision. “I’ve made so many mistakes in my investment career. One of them was I sold all my Nvidia,” he told Bloomberg TV on Wednesday. The Duquesne Family Office founder gradually rid his portfolio of the semiconductor stock, despite his reputed bullishness on artificial intelligence. In the first quarter, Druckenmiller cut his Nvidia exposure by 72%, then cut shares again by over half in the months that followed, 13F filings show. Druckenmiller now has told Bloomberg he no more stake in the AI chip kingpin: “I own none and I owned none the last 400 points.” By his estimates, he sold when shares traded between US$800 and US$950, referring to price levels before the stock was split 10-to-1 in early June. Druckenmiller assured that his sell-off wasn’t due to underlying doubt in Nvidia’s potential. He was primarily focused on how expensive shares looked to be. https://tinyurl.com/2f6k9kra

ASML share plunge wipes over US$50 billion off Dutch chip giant’s value.

Shares in semiconductor equipment maker ASML fell 16% on Tuesday, after the Dutch company published financial results a day early, issuing disappointing sales forecasts. ASML’s share plunge led the critical semiconductor firm to lose 48.7 billion euros (US$52.99 billion) in market capitalization in a single day, according to CNBC calculations using LSEG data. The move also pulled other chip stocks lower, with Nvidia, Advanced Micro Devices and Broadcom all falling after the report. Netherlands-based ASML on Tuesday said it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros (US$32.6 billion and US$38.1 billion), at the lower half of the range it had previously provided. Net bookings for the September quarter were 2.6 billion euros (US$2.83 billion), the company said — well below the 5.6 billion euro LSEG consensus estimate. Net sales, however, beat expectations and reached 7.5 billion euros. “While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover. It now appears the recovery is more gradual than previously expected,” company CEO Christophe Fouquet said in the earnings release. https://tinyurl.com/488revfr

TSMC lifts profits 54% on AI demand.

Taiwan Semiconductor Manufacturing Corp lifted third quarter revenues 39% to US$23.5 billion and net income 54%, as the world’s biggest chipmaker benefited from surging demand for AI chips. TSMC manufactures chips designed by other companies, such as Apple and Nvidia. It particularly dominates the market for advanced chips and has emerged as the only manufacturer able to make Nvidia’s intricately designed AI chips. On an investor call on Thursday CEO C.C. Wei cited “one of my key customers” saying demand for AI chips “right now is insane.” Wei responded to questions about the returns that companies will get from investing in AI by saying that TSMC had gained productivity benefits from using AI in its manufacturing and R&D operations. The benefit of AI is “real,” he said. https://tinyurl.com/yc23b7yw

Netflix stock hits all time high.

Netflix stock hit an all-time high of US$763.89 on Friday, up 11%, as investors applauded the company’s third quarter earnings released Thursday evening. At Friday’s price, Netflix has a market capitalization of just under US$328 billion, about what Walt Disney and Comcast are worth between them. The video streaming giant reported 15% growth in revenue and sharply higher net income, projecting similar growth next quarter. The company projected a slowdown in revenue growth next year. It is hoping the still-nascent ad business helps reaccelerate growth after 2025. The uncertainty about when Netflix’s advertising business will lift growth significantly has divided Wall Street analysts, with several saying the stock is now above what they think its worth. But judging by Friday’s close, investors aren’t too worried. https://tinyurl.com/2z45tja9

Amazon invests in new nuclear projects.

Amazon announced three nuclear energy projects on Wednesday, including two deals with utilities and an investment in a nuclear developer, marking the latest example of a big tech company backing clean energy projects to power data centers. Amazon has signed agreements with utilities in Virginia and Washington state centered on the development of so-called small modular reactors, which are a newer kind of nuclear power facility. In Washington, Amazon will help fund the development of small modular reactors and will have the option of purchasing electricity from them, according to a joint announcement with the public utility Energy Northwest. In Virginia, Amazon has signed an agreement with the utility company Dominion Energy to explore the development of a small modular reactor, the companies said. Meanwhile X-energy, a nuclear developer, said Amazon was an anchor investor in a US$500 million fundraising round that also included Citadel’s Ken Griffin and Ares Management. Small modular reactors designed by X-energy will be used in the Washington state project Amazon is funding, according to the companies. In September, Microsoft announced a deal to reopen the Three Mile Island nuclear facility to power its data centers. https://tinyurl.com/558hbx92

Google backs development of small nuclear reactors.

Google signed a power purchase agreement with an Alameda, Calif.-based nuclear energy startup that plans to build and operate several nuclear power plants, which could one day fuel its data centers. The plants won’t be built until the end of the decade at the earliest, and there are several regulatory hurdles that could delay the project beyond that time frame. But backing from Google sends a positive signal to those who believe nuclear power will alleviate the power bottleneck in the data center industry. Google and the startup, Kairos Power, didn’t disclose the terms of their deal or the potential locations of the plants. Under the agreement, Google agreed to buy 500 megawatts of power from a fleet of proposed plants known as small modular reactors. That’s about half the amount of power a large nuclear power plant could generate and enough power a small city. Google is the last major U.S. cloud provider to sign a nuclear-related deal this year. Microsoft recently inked a deal with Constellation Energy to restart a reactor on Pennsylvania’s Three Mile Island, and Amazon bought a data center next to another nuclear reactor in the state. https://tinyurl.com/4u63ej4f

iPhone had best ever Q3 for Apple, nearly topped Samsung globally per report.

Apple will report its official quarterly earnings on October 31, but a new report indicates the company will have a lot to celebrate with its iPhone Q3 sales. Per research firm Canalys, iPhone shipments just had their best Q3 ever, and very nearly beat Samsung for the global sales crown. https://tinyurl.com/3arvd44p

SpaceX tells FCC it has a plan to make Starlink about 10 times faster.

SpaceX is seeking approval for changes to Starlink that the company says will enable gigabit-per-second broadband service. In an application submitted to the Federal Communications Commission on October 11, SpaceX claims the requested “modification and its companion amendment will enable the Gen2 system to deliver gigabit-speed, truly low-latency broadband and ubiquitous mobile connectivity to all Americans and the billions of people globally who still lack access to adequate broadband.” SpaceX said it is seeking “several small-but-meaningful updates to the orbital configuration and operational parameters for its Gen2 space station authorization to improve space sustainability, better respond to evolving demand, and more efficiently share spectrum with other spectrum users.” SpaceX wants to lower the altitudes of satellites “at 525 km, 530 km, and 535 km to 480 km, 485 km, and 475 km altitude, respectively.” The reconfiguration will increase the “potential maximum number of orbital planes and satellites per plane” while keeping the planned total number of second-generation satellites at 29,988 or less. The FCC has so far approved 7,500 Gen2 satellites. https://tinyurl.com/4rtd7szx

SpaceX completes fifth flight test of Starship.

Elon Musk’s SpaceX completed the fifth test flight of its giant Starship rocket on Sunday morning, as scheduled, making major progress when it landed the first stage booster back on the launch pad by having the tower “catch” it. Musk tweeted video of that operation as it occurred. By catching the first stage after it separates from the Starship, SpaceX aims to make it reusable for other flights. And after about an hour of flight, the Starship spacecraft, the second stage of the rocket, splashed down on target in the Indian Ocean, with the operation shown in a live stream video on Musk’s X. In Starship’s fourth flight in June, both stages of the rocket made it back to earth, though they landed in the Indian Ocean and Gulf of Mexico. https://tinyurl.com/mr3ahxcr

Tesla’s Optimus robots were remotely controlled at company event.

Prototypes of Tesla’s Optimus robot, which were showcased at the company’s event unveiling several robotic test products last week, were operated remotely by human staff, Bloomberg reported. The October 10 event also revealed Tesla’s CyberCab, a prototype autonomous two-seat taxi. At the party, the humanoid robots served drinks, played games and made small talk with guests. Musk projected a future consumer price of $20,000-$30,000 for Optimus, claiming it could become Tesla’s “biggest product ever.” As videos circulated on social media, viewers speculated that the robots were in fact controlled by human operators in another location. While Tesla did not explicitly state that the robots were autonomous, it also didn’t disclose the remote operation. When one guest asked an Optimus whether it was powered by artificial intelligence, it answered, “I can’t disclose just how much. You’ll have to find out later.” The event, intended to boost investor confidence, in fact had the opposite effect. The share price dropped as much as 10% during Friday’s trading, and closed Monday at US$219.16, down 8.56% from the price directly preceding the event. https://tinyurl.com/3jby5te4

Netflix says subscribers spend two hours a day on the platform.

Household viewership increased compared to last year, according to the company’s third quarter earnings report released today. The streamer has had a massive past few months, reporting US$9.83 billion in revenue and US$2.91 billion in operating income. It also added around 5 million subscribers for a total of 282.7 million globally. Around half of subscribers who signed up for Netflix in the third quarter of 2024 chose the ad-supported plan. Netflix says it currently makes up just under 10 percent of total TV usage in its biggest countries. However, it believes “there’s a huge opportunity to grow that share” by consistently pushing more quality TV shows and movies. https://tinyurl.com/952pk2hp

Judge suspends Google-Epic decision.

The judge hearing Epic Games’ antitrust lawsuit against Google has temporarily suspended his order that Google make a range of changes to its app store, Google Play, giving Google more time to seek an injunction to suspend the ruling while its appeals. The ruling was to go into effect on Nov. 1 but the judge on Friday put a stay on its implementation. The ruling has the potential to erode the profitability of Google’s app store. Among other things, the judge said that for the next three years, Google can’t require developers to only use Google’s app payment methods. Google has appealed the ruling to the Ninth Circuit court of Appeals. https://tinyurl.com/yu9xwxsw

Indonesia orders app stores to block e-commerce app Temu.

Indonesia’s government has ordered that Chinese-owned e-commerce app Temu be blocked from Google and Apple app stores in the country, Reuters reported. The order prevents Temu, owned by Chinese e-commerce giant PDD Holdings, from launching in Indonesia. The move is aimed at protecting small local businesses that could be affected by the expansion of Temu’s online marketplace offering extremely low prices, according to Reuters, which cited Indonesia’s communications minister, Budi Arie Setiadi. The minister described the business model of Temu, which typically ships items from Chinese factories directly to consumers around the world, as “unhealthy competition,” according to Reuters. Temu, which has grown rapidly in the U.S. in the past two years, is also looking to expand in other parts of the world. Indonesia previously took similar action against TikTok’s e-commerce business, TikTok Shop. Last year, the Indonesian government banned TikTok Shop saying that e-commerce on social media sites was threatening small local businesses. A few months after the ban, TikTok agreed to acquire Indonesian e-commerce firm Tokopedia in a deal that revived TikTok Shop’s business in the country. https://tinyurl.com/5ar2wzmt

Robinhood launches platform to go after bigger, more active traders.

Retail brokerage firm Robinhood is launching a new tool for more sophisticated traders as it looks for additional avenues for growth. The firm introduced Robinhood Legend, a desktop-based platform for active traders. The offering includes advanced charting tools for users who want to do detailed analysis of stocks. Beyond the launch of Legend, Robinhood also said it will soon add futures trading and index options to its mobile platform. Customers must be granted approval to trade futures contracts, according to the press release, and futures and index options will eventually be added to Legend as well. The new additions for Robinhood are another example of the firm looking to expand beyond its roots as a convenient platform for small-dollar traders. The firm’s rise coincided with the “meme stock” phenomenon in early 2021 as retail trading boomed in the aftermath of the Covid-19 pandemic. Since then, Robinhood has been steadily adding new offerings, including a credit card for Robinhood Gold subscribers and a digital wallet to hold cryptocurrencies. Robinhood said it had US$139.7 billion in assets under custody at the end of the second quarter, along with 11.8 million monthly active users. For the comparable quarter in 2021, near the height of the GameStop mania, Robinhood reported US$102 billion in assets but 21.3 million monthly active users. The firm’s next earnings report is scheduled for Oct. 30. Shares of Robinhood are up more than 100% so far this year. https://tinyurl.com/2ep4rks9

Samsung delays taking deliveries of ASML chip gear for its new US factory, sources say.

Samsung has been also holding off on placing orders to some other suppliers for the US$17 billion factory in Taylor city, prompting them to look for other customers and send staff deployed on site back home, three other people familiar with the matter said. The delay in equipment deliveries is a fresh setback to the Taylor project, which is at the heart of Samsung chairman Jay Y. Lee’s ambition to expand beyond its bread-and-butter memory chips into contract chip manufacturing, which Taiwan’s TSMC dominates. It underscores the widening gulf between Samsung and rivals such as TSMC and SK Hynix which are ramping up production of high-end chips to cater to booming demand from artificial intelligence applications. ASML, the world’s biggest chipmaking equipment supplier, cut its 2025 sales forecast on Tuesday, citing weakness in markets other than AI, and delayed fabs. https://tinyurl.com/bdhdvnpw

Sophic Capital Insights report Dialing Up Danger? details that the potential of harmful effects from Electromagnetic Field (EMF) radiation is a polarizing topic. It’s fair to say that scientific research is currently indeterminate.

Many people wonder if having a smart phone beside their head or in front of their face for hours every day may harm their health, while others are adamant that there are no ill effects. Although the human body can cope with many natural sources of radiation (like the sun), could prolonged EMF radiation from consumer devices such as mobile phones, WiFi routers, and baby monitors harm us? Exceeding EMF radiation guidelines for mobile phones, electric vehicles, microwave ovens and other electrical devices suggest that these devices can harm us. https://tinyurl.com/vxy7f232

Sophic Capital Insights report Vital Signs: Taking the Pulse of Critical Services describes Sophic Capital client Plurilock Security (TSXV:PLUR, OTCQB:PLCKF) strategically shifted towards integrating its services, enhancing its advisory council, and optimizing its resource allocation to meet the escalating demand for comprehensive cybersecurity amidst a fragmented market is fortifying the Company’s position.

Plurilock stands poised to address critical challenges like business continuity, geopolitical threats, and regulatory compliance, solidifying its reputation in the evolving landscape of cybersecurity. https://tinyurl.com/mryfwe95