Cybeats Technologies Corp. announce the signing of a pilot evaluation agreement with a top 3 European telecom and network operator by market cap and by mobile subscriptions, for the SBOM Studio platform. This engagement marks the second global telecom leader undergoing a pilot evaluation of SBOM Studio, and follows the recent announcement about Cybeats adding the telecom market to its list of target market segments.

Cybeats has demonstrated an impressive 75% conversion rate from pilot evaluations to commercial contracts, as previously announced in January 2023. The Company is also in discussions with one of the top 3 telecom and managed service providers (MSP) worldwide, in pursuit of a commercial partnership to leverage its market reach and to help to scale the SBOM Studio platform globally.