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Cybeats Technologies Corp. Announces Grant of Stock Options
TMX Newsfile· 2026-01-19 12:00
Core Points - Cybeats Technologies Corp. has granted 12,950,000 stock options to employees, directors, officers, and consultants, each exercisable at $0.16 for a period of five years [1] - The company has renewed its engagement with Sophic Capital Inc. as its investor relations partner, with a monthly fee of $8,000 for 12 months and options to purchase 1,250,000 common shares at $0.16 per share [2][3] - Mr. Medhanie Tekeste has resigned from the Board of Directors effective January 12, 2026 [5] Stock Options and Related Transactions - The stock options granted to directors and officers are considered a "related party transaction" under Multilateral Instrument 61-101, with exemptions from formal valuation and minority shareholder approval due to the transaction's value not exceeding 25% of the company's market capitalization [4] Company Overview - Cybeats SBOM Studio is a management solution for software security lifecycle, helping customers track third-party components and maintain software security [6] - Key features of SBOM Studio include AI-driven data correction, real-time vulnerability monitoring, regulatory compliance, and enhanced security for critical infrastructure across various sectors [7]
Cybeats Technologies Corp. Strengthens Board with Global Software Supply Chain Security Leader
TMX Newsfile· 2025-12-23 12:13
Core Insights - Cybeats Technologies Corp. has appointed Cassie Crossley to its Board of Directors, effective immediately, enhancing its leadership in software supply chain security [1][2]. Company Overview - Cybeats Technologies Corp. specializes in software supply chain security, providing Software Bill of Material (SBOM) management and software supply chain intelligence technology to help organizations manage risk and comply with regulations [4]. - The company's platform offers comprehensive visibility into the software supply chain, improving operational efficiency and aligning organizations with current and future regulations [4]. Leadership Appointment - Cassie Crossley is recognized as a leading authority in software supply chain security, with over 20 years of experience in cybersecurity and product security across Fortune 100 companies [2]. - Previously, she served as Vice President of Supply Chain Security at Schneider Electric, where she led initiatives for global SBOM adoption and compliance with international regulations [2]. - Crossley expressed enthusiasm for her new role, emphasizing the importance of software transparency and supply chain security in critical industries [3]. Strategic Importance - The appointment of Crossley is seen as a validation of Cybeats' technological leadership and growth momentum, particularly as SBOM requirements evolve into enterprise-level accountability [3]. - Her expertise in risk-informed decision-making in complex environments will enhance the strategic oversight of Cybeats' governance and growth strategy [3]. Product Offering - Cybeats SBOM Studio is an enterprise-class solution designed to manage the software security lifecycle, helping organizations track third-party components and maintain security posture over time [5]. - The platform includes features for real-time vulnerability monitoring, regulatory compliance, and enhanced security visibility, particularly for critical infrastructure sectors such as energy, healthcare, and defense [7].
Cybeats Technologies Corp. Strengthens Board with Technology and Manufacturing Industry Veteran
TMX Newsfile· 2025-12-22 13:01
Core Insights - Cybeats Technologies Corp. has appointed Tejinder Kaushik to its board of directors, effective immediately, enhancing its leadership in software supply-chain security [1][2] Company Overview - Cybeats Technologies Corp. specializes in Software Bill of Material (SBOM) management and software supply chain intelligence, helping organizations manage risk, meet compliance requirements, and secure their software throughout its lifecycle [4] - The company's platform provides comprehensive visibility and transparency into software supply chains, enabling improved operational efficiency and alignment with current and future regulations [4] Leadership Experience - Tejinder Kaushik brings over 25 years of global executive experience, focusing on aligning technology strategy with business objectives and strengthening cybersecurity governance [2] - His previous roles include Senior Vice President and Head of Information Technology at Chemtrade Logistics, where he oversaw enterprise-wide IT operations, including cybersecurity and digital transformation [2] Industry Context - The demand for SBOMs is increasing due to new regulatory frameworks and best practices in the software and cybersecurity industries, making SBOM adoption essential for organizations [3] - Regulatory mandates such as the U.S. Executive Order 14028 and the EU's Cyber Resilience Act are pushing organizations toward mandatory SBOM implementation to mitigate software supply chain risks [3] Strategic Focus - Cybeats aims to help enterprises not only comply with regulations but also thrive by building resilient and transparent software supply chains [3] - The company emphasizes the importance of proven risk reduction, transparent compliance, and trust in vendor relationships as key factors for enterprise customers when evaluating solutions [3] Product Features - Cybeats SBOM Studio offers a management solution for the software security lifecycle, helping organizations document and track third-party components [5] - Key features include AI-driven SBOM enrichment for enhanced usability, real-time vulnerability monitoring, regulatory compliance support, and scalable enterprise deployment [6]