Cybeats Extends Contract with Schneider Electric, Boosting Software Supply Chain Security

An announcement from Cybeats Technologies Corp. ( (TSE:CYBT) ) is now available.

Cybeats Technologies Corp. has announced a multi-year contract extension with Schneider Electric, a global leader in energy management and automation. This renewal, which extends the licensing of Cybeats’ SBOM Studio and SBOM Consumer solutions, underscores the growing demand for software supply chain security solutions, particularly in the industrial control systems sector. The collaboration has significantly reduced developer effort in vulnerability tracking for Schneider Electric, highlighting the effectiveness of Cybeats’ solutions in improving operational reliability and compliance. This partnership not only strengthens Cybeats’ market position but also aligns with the increasing regulatory focus on software supply chain security.

Spark’s Take on TSE:CYBT Stock

According to Spark, TipRanks’ AI Analyst, TSE:CYBT is a Neutral.

The overall stock score is primarily impacted by the company’s financial instability and lack of profitability, which are significant concerns. While there is some positive technical momentum, the negative valuation metrics further weigh down the score.

To see Spark’s full report on TSE:CYBT stock, click here.

More about Cybeats Technologies Corp.

Cybeats Technologies Corp. is a cybersecurity company specializing in Software Bill of Material (SBOM) management and software supply chain intelligence technology. The company aids organizations in managing risk, meeting compliance requirements, and securing their software from procurement to development and operation. Cybeats provides comprehensive visibility into the software supply chain, enhancing operational efficiency and alignment with regulations.

Average Trading Volume: 224,842

Technical Sentiment Signal: Hold

Learn more about CYBT stock on TipRanks’ Stock Analysis page.