Dual-Listed Firm Trading Higher on Two New Contracts

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, January 30, 2025

As medical device manufacturers face increasing regulatory pressure in the U.S. and EU, they seek solutions to improve patient safety and incident response time without increasing risks to the software supply chain. Shares of this firm moved higher on Thursday following news of two new contracts.

Leading provider of software supply chain security solutions, Cybeats Technologies Corp., (CSE: CYBT) (OTCQB: CYBCF) announced in a press release today two new strategic commercial contracts in the healthcare sector, supporting Cybeats' growth in the Software Bill of Material ("SBOM") management market.

The new contracts are with two healthcare organizations and further demonstrate strong momentum across the company’s strategic objectives, especially in its medical device manufacturer vertical. Cybeats was successful in the two contracts via a competitive process, owing to its solutions' ease of integration, ability to meet regulatory requirements, demonstrated ROI, innovative features, scalability, support for multiple third-party SBOMs, market trust and leadership, and operational expertise.

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