Relay Medical acquires Cybeats Technologies

March 18, 2021

On March 18, 2021, Relay Medical Corp. (CSE:RELA; OTC:RYMDF; Frankfurt:EIY2) (“Relay”) announced the completion of its acquisition of Cybeats Technologies Inc. (“Cybeats”) through a Share Exchange Agreement. Cybeats is an integrated cybersecurity platform designed to secure and protect high-value connected IoT (internet of things) devices. As part of this transaction, Relay has acquired Cybeats’ technologies, intellectual property and trade secrets, and Cybeats has become a wholly owned subsidiary of Relay.

Relay is a technology innovator headquartered in Toronto, Canada focused on the development of novel technologies in the diagnostics and AI (artificial intelligence) data science sectors.

Miller Thomson advised Relay with a team comprised of Alex Lalka, Eric Kleine, Paul Dimerin and Syed Rizvi (Corporate/M&A) and David Tsai (Labour & Employment).