TORONTO, June 6, 2024 /PRNewswire/ – Cybeats Technologies Corp. (“Cybeats” or the “Company”) (CSE:CYBT) (OTCQB:CYBCF), a Company offering industry-leading cybersecurity software, is pleased to highlight client renewals and expanded contracts, reaffirming the Company’s 100% client retention rate as well as increased product usage by some of the largest infrastructures and industrial control systems (ICS) companies in the U.S.1
Cybeats continues to demonstrate its leadership role in the ICS sector, having secured four of the global top 10 companies as clients, as well as several extensions and increased usage from its client base in ICS. Contract extensions in the ICS space were by Cybeats’ multinational clients with market capitalizations of $130 billion, $60 billion and $50 billion. Recently, Cybeats added a water technology and infrastructure client with a $30 billion market cap and an electrical infrastructure company with a $20 billion market cap. With enhanced regulatory pressures on U.S. and EU critical infrastructure, the sector continues to be one of the largest pipeline and market opportunities for Cybeats.
“The client traction and increased usage of SBOM Studio by the ICS sector is driven by our successful delivery of operational efficiencies and comprehensive solutions, including automated workflows and insights, that we provide to our clients. With strong organic contract growth in the space, and while maintaining 100% client retention, the Infrastructure sector presents an immense opportunity for Cybeats that continues to help validate our approach, and further solidify the trust and reliance on Cybeats’ technology across industry,” said Justin Leger, CEO, Cybeats.