Cybeats extends contract with Schneider Electric

Mr. Justin Leger reports CYBEATS TECHNOLOGIES CORP. ANNOUNCES MULTI-YEAR CONTRACT EXTENSION WITH SCHNEIDER ELECTRIC Cybeats Technologies Corp. has signed multiyear contract extension with Schneider Electric, a global leader in the digital transformation of energy management and automation. This renewal covers the licensing of Cybeats' SBOM Studio and SBOM Consumer solutions, building upon an initial multiyear contract with Schneider Electric that started in November, 2022. "The evolving landscape of software supply chain security requires innovative solutions," said Cassie Crossley, vice-president of supply chain security at Schneider Electric. "By leveraging Cybeats' SBOM Studio, we have strengthened our ability to manage software vulnerabilities, enhance compliance and ensure the operational reliability that our companies and stakeholders depend on." "This renewal represents more than continued success. It reaffirms the shared vision that drives meaningful progress in our industry. It validates Cybeats' commitment to innovation, growth, and lasting partnerships built on trust and execution. Our focus remains on listening, evolving and shaping the future of software supply chain security, together with those who share our mission," said Dmitry Raidman, chief technology officer of Cybeats. "Securing this renewal from our design partner highlights the organic growth potential within our existing customer base. At the same time, with regulatory deadlines fast approaching, we are seeing accelerating demand and a growing pipeline of new opportunities as software supply chain security becomes a top priority for both enterprise and government organizations." This renewal marks another milestone in the long-standing partnership between Cybeats and one of its major enterprise design partners. It highlights the increasing demand for software supply chain security solutions in the industrial control systems (ICS) sector. As part of its software bill of materials (SBOM) adoption practices, Schneider Electric conducted an internal case study that found Cybeats helped reduce developer effort in vulnerability tracking by more than 50 per cent, saving hundreds of staff hours and significantly accelerating the identification of vulnerable software components. About Cybeats Technologies Corp. Cybeats Technologies is a cybersecurity company providing software bill of material (SBOM) management and software supply chain intelligence technology, helping organizations to manage risk, meet compliance requirements, and secure their software from procurement to development and operation. Cybeats' platform gives customers comprehensive visibility and transparency into their software supply chain, enabling them to improve operational efficiency, increase revenue, and align organizations with current and future regulations. About Cybeats SBOM Studio Cybeats SBOM Studio is the management solution for your software security life cycle. SBOM Studio is an enterprise-class solution that helps you understand and track third party components that are an integral part of your own software. Use SBOM Studio to document what you have and where it came from, and plan for the maintenance that will prevent security posture degradation over the life of your software. Features include: Quality analysis and auto-correction of data -- AI-driven (artificial intelligence) SBOM enrichment automates software transparency, making SBOMs more structured, actionable and machine readable; reclassify software components and applications for accuracy, verification and enhanced usability; Real-time vulnerability monitoring -- continuous tracking of security risks from discovery to resolution, enhancing software supply chain resilience; Regulatory compliance and secure distribution -- streamlines adherence to cybersecurity mandates, simplifies audits, ensures structured data management and enables secure SBOM sharing across stakeholders; Scalable enterprise deployment -- support seamless integration across multitenant environments and complex supply chains, improving visibility from procurement to deployment; Enhanced security and asset visibility -- provides structured way to ingest machine-readable SBOMs that strengthen software risk assessment for critical infrastructure, including energy, health care and defence sectors. We seek Safe Harbor.