Toronto, Ontario–(Newsfile Corp. – April 14, 2022) – Scryb Inc. (CSE: SCYB) (OTCQB: SCYRF) (FSE: EIY) (“Scryb” or the “Company”), is pleased to provide an update on Cybeats’ cybersecurity activities related to the automotive industry.
Early this year the Company entered into the automotive security industry with the announcement of a partnership with APMA[1], Canada’s national association representing OEM producers of parts, equipment, tools, supplies, advanced technology, and services for the worldwide automotive industry. The global automotive security industry is a crucial market for Cybeats enterprise products given the growing need for solutions that manage the potential vulnerabilities of an estimated one billion lines of software code in some autonomous vehicles.
Related to the Company’s APMA Partnership, Cybeats is providing its cybersecurity platform to the all-canadian, zero-emission connected vehicle, Project Arrow[2], which has notably been supported by the Premier of Ontario, Doug Ford[3], with the Province of Ontario announcing a $500M boost to build electric vehicles and a plan to build 400,000 electric cars by 2030. The build-phase for Project Arrow is scheduled to begin in June 2022 and expected to be completed in December of 2022.
“Every modern electrified vehicle has a dramatically larger digital footprint than the internal combustion engine platform it replaces. The integrity of that footprint must be a foundational element of vehicle design and we are excited to work with Cybeats to ensure the Project Arrow concept vehicle serves as a prime example of this vision,” said Flavio Volpe, President of APMA.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120415
Powered by WPeMatico
