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Cybeats Technologies Corp
Symbol CYBT
Shares Issued 204,880,745
Close 2026-10-22 C$ 0.21
Market Cap C$ 43,024,956
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Cybeats signs three-year contract with med-tech firm

2026-10-22 16:15 ET - News Release

Mr. Justin Leger reports

CYBEATS ANNOUNCES THREE YEAR CONTRACT WITH GLOBAL FORTUNE 500 MEDICAL DEVICE MAKER

Cybeats Technologies Corp. has signed a three-year contract with a leading global medical technology company.

Following an extensive procurement evaluation, Cybeats was chosen for its advanced SBOM (software bill of materials) and vulnerability management capabilities within highly regulated operational environments. Recent vulnerabilities such as PHP2Shell underscore the growing importance of software supply chain visibility and the ability to identify and manage vulnerabilities across complex software ecosystems. This three-year contract further expands the company's enterprise customer base in the medical device sector, where FDA (U.S. Food and Drug Administration) regulatory requirements are driving demand for robust SBOM documentation and vulnerability assessment during premarket submissions, alongside continuing vulnerability monitoring and management throughout the product life cycle.

"We are pleased that another Fortune 500 global company has selected Cybeats for a mission-critical deployment," said Justin Leger, chief executive officer of Cybeats. "Following an extensive competitive process, the customer has committed to a three-year contract. This reflects the calibre and scale of organizations in our pipeline, which is larger than ever. We are also seeing continued progress across our partner ecosystem, closing deals in new geographies and accelerating market access beyond what we could achieve on a stand-alone basis."

About Cybeats SBOM Studio

Cybeats SBOM Studio is the SBOM system of record for software supply chain security, providing organizations with a governed, audit-ready source of truth for software bills of materials (SBOMs) across the software life cycle. Built on top of SBOM Studio, Raven is Cybeats' AI-native (artificial intelligence) intelligence layer, transforming software transparency data into actionable security insights through AI-powered reasoning, vulnerability prioritization and evidence-based decision support. Together, SBOM Studio and Raven help organizations strengthen cybersecurity, accelerate compliance and secure complex software supply chains.

Key capabilities include:

  • Agentic AI native intelligence bridge: Raven applies AI-powered reasoning to vulnerability prioritization, reachability analysis and evidence generation, helping security teams make faster, more informed decisions while keeping sensitive code within their environment;
  • Quality analysis and automated data enrichment: AI-driven SBOM enrichment improves software transparency by creating structured, accurate and machine-readable SBOMs while enhancing component classification and data quality;
  • Continuous vulnerability monitoring: continuously correlates newly disclosed vulnerabilities with software inventories, enabling organizations to identify, prioritize and respond to software supply chain risks in real time;
  • Regulatory compliance and secure distribution: simplifies compliance with evolving cybersecurity regulations through governed SBOM management, quality validation, secure sharing and comprehensive audit trails;
  • Scalable enterprise deployment: supports seamless integration across multitenant environments and complex software supply chains, providing visibility from software procurement through deployment;
  • Comprehensive software supply chain visibility: delivers a centralized, governed view of software components, dependencies, and security posture across critical infrastructure sectors including health care, medical devices, industrial, energy, telecommunications, automotive, financial services and defence.

We seek Safe Harbor.

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