Plurilock Security Inc. (PLUR) has received approval from the Depository Trust Company (DTC) to make their shares eligible on the OTC.

“We are excited to announce we are now DTC eligible and are in a position to provide U.S. investors a broader access to our shares,” said Ian L. Paterson, CEO of Plurilock Security Inc.

“As a publicly listed cybersecurity company with U.S.-based customers, we have made it a focus to expand our investor awareness efforts in the American market while we look to share our vision with a growing shareholder base globally.”

DTC is a subsidiary of the Depository Trust and Clearing Corporation (DTCC), one of the world’s largest securities depositories that manages the electronic clearing and settlement of publicly traded companies.

Plurilock securities are now eligible to be electronically cleared and settled which will streamline the process of trading, enhance liquidity, and provide direct access to investors in the U.S. OTC capital markets.

Plurilock is an innovative, identity-centric cybersecurity company that reduces or eliminates the need for passwords, extra authentication steps, and cumbersome authentication devices. Plurilock enables organizations to compute safely-and with peace of mind.

Plurilock Security (PLUR) is up 13.56 per cent, trading at C$0.67 per share at 10:50 am EST.