Cybeats Technologies Corp. announced the signing of a pilot evaluation agreement with a global leader in electrical and power systems, for the SBOM Studio platform. This new pilot is with a leading manufacturer of utility, electrical solutions and critical infrastructure, and marks Cybeats' first engagement with a client involved in the electric vehicle (EV) infrastructure sector, which has been at the forefront of cybersecurity debates over risks of poorly defended charging stations-and the possibility for spillover hacks to wider power grids.

Cybeats has also demonstrated an impressive 75% conversion rate from pilots to commercial contracts, as previously announced in January 2023.