Cybeats Technologies Corp. Announces Multi-Year Contract Extension with Schneider Electric

Executive Summary

• Cybeats Technologies Corp. announced a multi‑year extension of its licensing agreement with Schneider Electric for the SBOM Studio and SBOM Consumer solutions.
• The renewal underscores growing demand for software supply‑chain security in the industrial control systems (ICS) sector and highlights measurable efficiency gains for Schneider Electric ( >50% reduction in developer effort, hundreds of staff‑hours saved).
• Management cites accelerating pipeline opportunities driven by upcoming regulatory deadlines, indicating a positive outlook for revenue growth from existing enterprise design partners.

Key Details

• The original multi‑year contract began in November 2022; the extension adds additional years (exact term not disclosed).
• Licensing covers Cybeats’ SBOM Studio and SBOM Consumer solutions, which provide AI‑driven SBOM enrichment, real‑time vulnerability monitoring, and compliance automation.
• Schneider Electric’s internal case study reported that using Cybeats’ platform reduced developer effort in vulnerability tracking by more than 50%, saving hundreds of staff hours and speeding identification of vulnerable components.
• Quote from Cassie Crossley (VP, Supply Chain Security, Schneider Electric): the renewal strengthens Schneider’s ability to manage software vulnerabilities, enhance compliance, and ensure operational reliability.
• Quote from Dmitry Raidman (CTO, Cybeats): the extension validates Cybeats’ growth potential within its existing customer base and reflects accelerating demand as regulatory deadlines approach.
• The partnership is positioned as a “design partner” relationship, suggesting Schneider Electric may influence future product development and adoption across its global footprint.
• No financial terms (e.g., contract value, pricing) were disclosed in the release.

Notable Quotes

“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.” – Cassie Crossley, VP of Supply Chain Security, Schneider Electric

“Securing this renewal from our design partner highlights the organic growth potential within our existing customer base…we are seeing accelerating demand and a growing pipeline of new opportunities as software supply chain security becomes a top priority.” – Dmitry Raidman, CTO, Cybeats Technologies Corp.