Cybeats Wins Contract with Another Top 10 Global Medical Technology Provider
Cybeats Technologies has secured a master services agreement with a Top 10 global medical device manufacturer for SBOM Studio, marking their fourth client from the global top 10 in the MDM vertical. The client, while remaining anonymous for security reasons, is among the largest 100 companies in the U.S. by market capitalization.
The company reports a 30% organic contract growth rate, with significant interest from the medical device sector, partly driven by FDA's guidance on SBOMs and software supply chain security. The SBOM Studio offers medical device manufacturers several key benefits including:
- Enhanced cybersecurity and vulnerability management
- Software supply chain security
- FDA 510(k) compliance support
- Regulatory compliance for EU and NIST requirements
- Automated compliance monitoring and improved efficiency
Cybeats Technologies ha stipulato un accordo di servizi master con un manifatturiero di dispositivi medici tra i primi 10 a livello globale per SBOM Studio, segnando il loro quarto cliente tra i primi 10 mondiali nel settore MDM. Il cliente, pur rimanendo anonimo per motivi di sicurezza, è tra le 100 aziende più grandi negli Stati Uniti per capitalizzazione di mercato.
L'azienda riporta un tasso di crescita organica dei contratti del 30%, con un interesse significativo da parte del settore dei dispositivi medici, in parte guidato dalle linee guida della FDA su SBOM e sulla sicurezza della catena di fornitura software. SBOM Studio offre ai produttori di dispositivi medici diversi vantaggi chiave, tra cui:
- Cybersecurity avanzata e gestione delle vulnerabilità
- Sicurezza della catena di fornitura software
- Supporto alla conformità FDA 510(k)
- Conformità normativa per i requisiti EU e NIST
- Monitoraggio automatizzato della conformità e miglioramento dell'efficienza
Cybeats Technologies ha asegurado un contrato de servicios maestro con un fabricante de dispositivos médicos que se encuentra entre los 10 mejores a nivel mundial para SBOM Studio, marcando su cuarto cliente de los 10 principales a nivel global en el vertical de MDM. El cliente, manteniéndose anónimo por razones de seguridad, se encuentra entre las 100 empresas más grandes de EE. UU. por capitalización de mercado.
La empresa informa un tasa de crecimiento orgánico del contrato del 30%, con un interés significativo por parte del sector de dispositivos médicos, impulsado en parte por las directrices de la FDA sobre SBOM y la seguridad de la cadena de suministro de software. SBOM Studio ofrece a los fabricantes de dispositivos médicos varios beneficios clave, incluyendo:
- Ciberseguridad mejorada y gestión de vulnerabilidades
- Seguridad de la cadena de suministro de software
- Soporte para la conformidad FDA 510(k)
- Cumplimiento regulatorio para los requisitos de la UE y NIST
- Monitoreo automatizado de la conformidad y mejora de la eficiencia
Cybeats Technologies는 세계 10대 의료 기기 제조업체와의 마스터 서비스 계약을 체결하여 SBOM Studio의 네 번째 고객을 확보했습니다. 고객은 보안상의 이유로 익명으로 남아 있으며, 미국에서 시가총액 기준으로 가장 큰 100개 기업 중 하나입니다.
회사는 30%의 유기 계약 성장률을 보고하며, 이는 FDA의 SBOM 및 소프트웨어 공급망 보안에 대한 지침에 의해 일부 촉진된 의료 기기 분야의 상당한 관심을 나타냅니다. SBOM Studio는 의료 기기 제조사들에게 다음과 같은 주요 혜택을 제공합니다:
- 강화된 사이버 보안 및 취약점 관리
- 소프트웨어 공급망 보안
- FDA 510(k) 준수 지원
- EU 및 NIST 규정 준수
- 자동화된 준수 모니터링 및 개선된 효율성
Cybeats Technologies a conclu un contrat de services principal avec un fabricant de dispositifs médicaux parmi les 10 meilleurs au niveau mondial pour SBOM Studio, marquant leur quatrième client parmi les 10 plus grands clients mondiaux dans le secteur MDM. Le client, tout en restant anonyme pour des raisons de sécurité, figure parmi les 100 plus grandes entreprises aux États-Unis en capitalisation boursière.
L'entreprise rapporte un taux de croissance organique des contrats de 30%, avec un intérêt significatif de la part du secteur des dispositifs médicaux, en partie stimulé par les directives de la FDA sur les SBOM et la sécurité de la chaîne d'approvisionnement logicielle. Le SBOM Studio offre aux fabricants de dispositifs médicaux plusieurs avantages clés, notamment :
- Sécurité informatique renforcée et gestion des vulnérabilités
- Sécurité de la chaîne d'approvisionnement logicielle
- Assistance à la conformité FDA 510(k)
- Conformité réglementaire aux exigences de l'UE et du NIST
- Surveillance automatisée de la conformité et amélioration de l'efficacité
Cybeats Technologies hat einen Rahmenvertrag mit einem Top 10 Hersteller von Medizinprodukten weltweit für SBOM Studio abgeschlossen und damit den vierten Kunden aus den globalen Top 10 im MDM-Sektor gewonnen. Der Kunde bleibt aus Sicherheitsgründen anonym und gehört zu den 100 größten Unternehmen in den USA nach Marktkapitalisierung.
Das Unternehmen meldet eine organische Vertragswachstumsrate von 30%, mit erheblichem Interesse aus dem Sektor der Medizinprodukte, das teilweise durch die Richtlinien der FDA zu SBOMs und zur Sicherheit der Software-Lieferkette verstärkt wird. Das SBOM Studio bietet Herstellern von Medizinprodukten mehrere wesentliche Vorteile, darunter:
- Verbesserte Cybersicherheit und Schwachstellenmanagement
- Sicherheit der Software-Lieferkette
- Unterstützung bei der FDA 510(k) Compliance
- Regulatorische Compliance für EU- und NIST-Anforderungen
- Automatisierte Compliance-Überwachung und verbesserte Effizienz
- None.
- None.
Toronto, Ontario--(Newsfile Corp. - December 9, 2024) - Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats'' or the "Company"), a global leader in software supply chain security, announces that it has signed a master services agreement ("MSA") with a Top 10 global medical device manufacturer1 ("MDM") for SBOM Studio.2
This contract marks Cybeats' fourth client from the global top 10 in the MDM vertical. Although the client wishes to remain anonymous for security reasons, they are a significant player that is among the largest 100 companies in the U.S. by market capitalization. Management believes there is an opportunity to expand this initial contract over time as the product becomes part of their SBOM (Software Bill of Materials) management processes.
"We are seeing substantial interest in our technology from the medical device sector, driven in part by the FDA’s guidance on SBOMs and securing the software supply chain. This momentum aligns with accelerating traction across the MDM vertical and other sectors we serve. These factors contribute to Cybeats’
SBOM Benefits for Medical Device Manufacturers
As regulatory frameworks evolve, SBOMs are becoming a standard requirement in the medical device industry, driving innovation, compliance, and security in an increasingly software-reliant ecosystem. Medical device manufacturers adopting SBOM practices early will gain a competitive edge in product safety and market readiness. Specifically, SBOM benefits for medical device manufacturers include:
- Enhanced Cybersecurity: Identifies and mitigates vulnerabilities, reducing CVE exposure.
- Software Supply Chain Security: Ensures supplier components meet standards and supports collaboration on risks.
- FDA 510(k) Compliance: Supports premarket and postmarket FDA requirements for SBOM and vulnerability management submissions, as well as postmarket requirements for continuous monitoring.3
- Vulnerability Lifecycle Management: Simplifies vulnerability resolution and updates with clear documentation.
- Other Regulatory Compliance: Meets, EU, and NIST requirements by documenting and managing software risks, including third-party components.
- Efficiency: Automates compliance and monitoring, cutting costs and improving traceability.
About Cybeats Technologies Corp.
Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) 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. Our 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. Cybeats. Software Made Certain. Website: https://cybeats.com
Contact:
James Van Staveren
Corporate Development
Phone: 1-888-713-SBOM (7266)
Email: ir@cybeats.com
Sean Peasgood, Investor Relations
Phone: (905) 667-6761
Email: Sean@SophicCapital.com
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, this news release contains forward-looking information relating to, among other things, the Company's expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering, and the completion of the Offering. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the products described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Company filings are available under the Company's SEDAR+ profile at www.sedarplus.ca.
1 https://www.proclinical.com/blogs/2024-10/top-10-medical-device-companies-in-the-world-in-2024
2https://www.cybeats.com/ln/sbom-studio
3https://www.fda.gov/medical-devices/digital-health-center-excellence/cybersecurity-medical-devices-frequently-asked-questions-faqs
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232975
FAQ
What is the significance of Cybeats (CYBCF) signing with a Top 10 medical device manufacturer in December 2024?
What growth rate has Cybeats (CYBCF) reported for their contracts?
How does SBOM Studio help medical device manufacturers with FDA compliance?
What are the main benefits of SBOM Studio for medical device manufacturers?
