Cybeats - CYBCF STOCK NEWS

Cybeats Technologies (CSE: CYBT) (OTCQB: CYBCF) has expanded its SBOM Consumer product with new asset management capabilities, targeting IT and OT environments. The enhanced solution enables enterprises to manage software security across their entire digital and physical infrastructure.

The product is currently in pilot with a U.S. defense agency and Orange S.A., offering features such as visibility, compliance automation, and third-party risk management. SBOM Consumer allows organizations to evaluate software before deployment, automate risk management, and eliminate blind spots across procurement and operations.

The solution integrates with asset management platforms, linking SBOMs to specific assets for continuous risk monitoring. Key features include real-time threat monitoring, Hardware Bills of Materials (HBOMs) integration, and detection capabilities for vulnerabilities like the ESP32 Bluetooth chip backdoor. The company also announced the resignation of Gregory Falck from its Board of Directors, effective January 15, 2025.

Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) announces its participation in the RSAC™ 2025 Conference, scheduled for April 28 to May 1 at the Moscone Center in San Francisco. The company will showcase its flagship platform, SBOM Studio, at Booth #2434 in the Ontario Pavilion.

The conference, recognized as one of the world's leading cybersecurity events, will provide Cybeats an opportunity to demonstrate its software supply chain security solutions, including new features like Magic Link, which uses AI for software component classification, automated compliance tracking, and enhanced vulnerability management with threat intelligence.

CTO Dmitry Raidman emphasizes the conference's importance as a platform to showcase their competitive edge and leadership in software supply chain security. The company will be available for one-on-one meetings with potential customers, partners, and government stakeholders throughout the event.

Cybeats Technologies (CSE: CYBT) (OTCQB: CYBCF) is expanding its focus on protecting critical infrastructure through Software Bill of Materials (SBOM) and Hardware Bill of Materials (HBOM) solutions. The company is responding to increasing cybersecurity threats in power grids, industrial control systems, and renewable energy networks.

The company recently secured a three-year engagement with Rockwell Automation and serves other major ICS customers including Schneider Electric. Their strategy focuses on partnering with industrial suppliers and ICS vendors to enhance software supply chain security.

The expansion aligns with evolving regulatory mandates such as Executive Order 14028 and standards like IEC 62443 and NERC CIP-013, which now require SBOM compliance and continuous vulnerability monitoring. A notable market indicator shows that a Fortune 500 Cybeats customer was informed by a major buyer that product purchases would cease unless an SBOM was provided.

Cybeats Technologies (CSE: CYBT) (OTCQB: CYBCF) has secured two new strategic contracts in the healthcare sector, specifically with medical device manufacturers (MDMs). The company reported significant growth metrics for 2024, including 148% net revenue retention and $7+ million in total contract commitments, up from $3.8 million in 2023.

The company's success in winning these contracts was attributed to its SBOM (Software Bill of Materials) management solutions' ease of integration, regulatory compliance capabilities, and demonstrated ROI. Notable operational updates include a 90% conversion rate from product trials to commercial licenses, and enhanced SBOM Consumer product features supporting integration with various asset management platforms.

The company's growth is supported by increasing regulatory pressure from the FDA, which now requires MDMs to provide SBOMs for device components and maintain vulnerability management processes. Cybeats' SBOM Studio was highlighted as the only commercial service featured in the NSA and U.S. Department of Defense's 2023 recommended cyber practices report.

Cybeats Technologies has secured a significant three-year agreement with Rockwell Automation (NYSE: ROK), the world's largest pure-play industrial automation company. The contract focuses on implementing Cybeats' SBOM Studio for software supply chain security management, particularly in industrial control systems (ICS).

The agreement represents one of the most substantial contracts in Cybeats' history, demonstrating increasing demand for software supply chain solutions in critical sectors. SBOM Studio provides measurable ROI through streamlined vulnerability management, enhanced supply chain transparency, and regulatory compliance support. The platform enables secure SBOM sharing and helps organizations meet regulatory requirements while accelerating product sales in highly regulated markets.

Cybeats Technologies (CSE: CYBT) (OTCQB: CYBCF) reported significant commercial growth in its SBOM Management solutions. Key highlights include: over $7 million in total contract commitments since May 2022 with 80%+ gross margins, 72% of existing customers increased their spending in 2024, and a 90% conversion rate from pilot to long-term relationships. The company secured a $1.65 million non-brokered private placement to enhance sales, marketing, and product development.

Market research indicates 64% of global organizations faced financial losses from supply chain vulnerabilities in 2024, up from 49% in 2022. With 79% of companies either requesting or planning to request SBOMs from vendors, Cybeats is positioned to capitalize on increasing regulatory requirements in EU and North America.

Cybeats Technologies (CSE: CYBT) (OTCQB: CYBCF) has announced the granting of 7,000,000 stock options to various employees, directors, officers, and consultants. The options are exercisable at $0.16 per share for a five-year period. Of the total, 3,250,000 options were granted to directors and officers. All options are subject to a four-month and one-day resale restriction under securities laws. The company utilized exemptions from valuation and minority shareholder approval requirements under MI 61-101 for the insider participation portion.

Cybeats Technologies has secured a master services agreement with a Top 10 global medical device manufacturer for SBOM Studio, marking their fourth client from the global top 10 in the MDM vertical. The client, while remaining anonymous for security reasons, is among the largest 100 companies in the U.S. by market capitalization.

The company reports a 30% organic contract growth rate, with significant interest from the medical device sector, partly driven by FDA's guidance on SBOMs and software supply chain security. The SBOM Studio offers medical device manufacturers several key benefits including:

• Enhanced cybersecurity and vulnerability management
• Software supply chain security
• FDA 510(k) compliance support
• Regulatory compliance for EU and NIST requirements
• Automated compliance monitoring and improved efficiency

Cybeats Technologies has appointed two cybersecurity industry leaders, Kurt Callewaert and Bob Haack, to its Advisory Board. Haack brings expertise in device security, particularly in medical devices and U.S. Department of Defense Risk Management Framework. Callewaert joins following the recent Cybeats-Capyx partnership, bringing expertise in EU compliance requirements including the Cyber Resilience Act, NIS2, and DORA. As Business Line Director Cybersecurity of Capyx Belgium and founder & co-CEO of Capyx Luxembourg, Callewaert will support Cybeats' commercial expansion. The appointments strengthen Cybeats' position in software supply chain security and regulatory compliance.