Cybeats Stock Price, News & Analysis

Cybeats Technologies (CYBCF) has renewed and expanded its contract with a major U.S. security agency, though specific details remain confidential due to national security concerns. The company's Software Bill of Materials (SBOM) technology is seeing increased adoption across critical infrastructure sectors including energy, healthcare, and defense. This development aligns with recent U.S. cybersecurity initiatives, particularly the Department of Defense's SWIFT process, which now requires third-party-certified SBOMs for software authorization.

The renewal highlights Cybeats' growing presence in the government sector and its role in protecting software supply chains. The company's technology helps evaluate and validate SBOMs to meet rigorous standards for enterprise and government cybersecurity requirements.

Cybeats Technologies announces a significant contract expansion with Emerson Electric (NYSE: EMR), doubling the number of software assets managed through Cybeats' solutions. The expanded agreement, effective April 1, 2025, strengthens Emerson's cybersecurity posture and SBOM management strategy.

Dave Berndt, Product Security Officer for measurement instrumentation at Emerson, emphasized the importance of securing their product supply chain through Cybeats' SBOM Studio, which provides visibility and automation for addressing security challenges at scale. This marks Emerson's second expansion of their license with Cybeats.

The expansion reflects Cybeats' strong performance in client retention, demonstrated by their 148% net revenue retention rate. The SBOM Studio platform helps organizations identify and manage software risks, streamline regulatory compliance, and enhance supply chain transparency.

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.