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Scryb Signs with Canada’s Automotive Parts Manufacturers Association; Cybeats Cybersecurity to be deployed on Project Arrow, the All-Canadian, Zero-emissions Vehicle

January 5, 2021

TORONTO, January 5, 2021 – Scryb Inc. (“Scryb” or the “Company”) (CSE:SCYB, OTCQB: RYMDF, Frankfurt: EIY2), an applied intelligence Company, is pleasedto report on an engagement with Canada’s National Automotive Parts Manufacturers’Association Inc. (“APMA”)1, and to provide the Cybeats cybersecurity platform on ProjectArrow, the all-Canadian, zero-emission connected vehicle.2

The APMA isCanada’s national association representing OEM producers of parts, equipment,tools, supplies, advancedtechnology, and servicesfor the worldwide automotive industry.Its members account for 90% of independent partsproduction in Canada and in 2018, represented over $35 billion of automotive part shipments with over 100,000people employed.

Cybeats cybersecurity platform provides certaintyin software, from launch to legacy.Cybeats will provide cybersecurity products and advisoryservices to APMA and its Project Arrow, to enhancecomponent security, softwaredevelopment security, as well as software bill of materials (SBOM).

“Every modern electrified vehiclehas a dramatically larger digitalfootprint than the internal combustion engine platform it replaces. The integrity of that footprintmust be a foundational element of vehicle designand we are excited to work with Cybeats to ensure the Project Arrow concept vehicleserves as a prime exampleof this vision,” said Flavio Volpe, Presidentof APMA.

“Project Arrow is a broad collaboration of the best-in-class companies in Canadaand we are honoured to beworking with the AMPA to develop Canada’s own safe and secure connectedzero-emission concept vehicle,” saidYoav Raiter, CEO of Scryb Inc. “We have an opportunity to use our Cybeats’platform, including the SBOM Studio™ to incorporate high-levelcybersecurity through the design phase to thefinal product. We look forward to collaborating with APMA and thebroader project team to deliver this landmark conceptvehicle.”

1 https://apma.ca/

2 https://projectarrow.ca/

CES in Las Vegas - January5 - 8

The APMA is currently attendingthe Consumer Electronics Show (CES)3, an annual trade show organized by the Consumer Technology Association(CTA). It is considered the most influential tech event in the world,hosting breakthrough technologies and global innovators. It is beingheld January 5-8, 2022 at the Las Vegas Convention Center in the UnitedStates, where the world's biggest brands do business and meet new partners,and the sharpest innovators hit the stage.4

APMA’s chief technical officerFraser Dunn told Automotive News Canada that Project Arrow plans to reveal at the CES show in Las Vegas inJanuary, 2023. Concept drawings of the car show it to be larger than a Tesla Model Y and smaller than aModel X. It will also feature large magnesium castings, inspired by the Tesla Model Y. The projected saleprice of the SUV is between $40,000 and $60,000 and the engineers are also targeting at least Level 3 autonomy.As opposed to relying on battery cells from Asian supplierslike CATL, Panasonic, or SK Innovation, Project Arrow will be powered bycylindrical cells from VoltaXplore,a joint venture between Martinrea International and Montreal-based graphenefirm NanoXplore Inc.5

The APMA is leveragingits leadership position and longstanding relationships in the automotive manufacturing industry to bring together key industry and academic partnersto facilitate ProjectArrow.      

   

3 https://www.ces.tech/

4 https://en.wikipedia.org/wiki/Consumer_Electronics_Show

5 https://cleantechnica.com/2021/12/20/canadas-project-arrow-planned-for-2023-reveal/

The partners   are  working  together to design, engineerand build a connected autonomous

zero-emissionsconcept vehicle with a digital copy, to be used as a virtual platform fortesting and validating connected and autonomous technologies before they are integrated into the physicalcar.

Project Arrowis positioned to lead the transformation of Canada’s automotive sector fromtraditional fuel vehicle development to zero-emission vehicledevelopment, while showcasing the capabilities of the Canadian automobility and digitaltechnology sectors to compete on the global stage. The project will also help to create a robust electricvehicle supply chainin Canada, increasing Canada’s domestic electricvehicle development capacityin everything from electric powertrains and connected autonomous vehicle systems to battery production.

 

About Project Arrow

In October2020, the APMA of Canada launched the first, original, full-build,zero-emission concept vehicle namedProject Arrow. The all-Canadian concept vehicle is to be designed, engineeredand built through the joint effortsof the world-class automotive supply sector and post-secondary institutions in Canada. Answering the federal government’scall for a Zero-Emissions future by 2050, Project Arrow brings together the best-in-class of Canada’s electric-drive,alternative-fuel, connected and autonomous andlight-weight technology companies. As the North American market enters a newautomotive era focused on “ACES”(Autonomous, Connected, Electric, Shared), Project Arrow is a lighthouseinitiative that showcases thecapability of Canada’s world-class automotive supply sector by bringingtogether Canada’s Tier 1 supply chain, auto-techSMEs and academicinstitutions.

Project Arrowbuilds on the success of Canada’s auto sector in advanced manufacturing with agoal to establish a more value-added,technology-centered foundation to drive a new age of automotive. The initiative will promote investments fromOEMs Canada and beyond to develop next generation products and technologies within the Canadianauto tech ecosystem. For more information visit: https://projectarrow.ca.

About APMA

The APMA is Canada’s national association representingOEM producers of parts, equipment, tools, supplies, advancedtechnology, and servicesfor the worldwide automotive industry. The Association was foundedin 1952 and its members account for 90% of independent parts production inCanada. In 2018, automotive partsshipments were over $35 Billion, and the industry employment level was over100,000 people. For more information visit https://www.apma.ca.

SUBSCRIBE: For more information, or to SubScrybto the Company’s mail list,visit: https://www.scryb.ai

 

About Scryb

Scryb is a platform that powersbusinesses and technologies with applied intelligence, real-time analytics, and actionable insights.The platform boastsproven adaptability acrossdiverse markets, from

digital health and diagnostics to cybersecurity and manufacturing. The cloud-based platformis

composed of crucial elementsincluding sensor technology, IoT, predictive analytics, and computer vision.For more information, please visit our website at: http://scryb.ai

Contact:

W. Clark Kent President

Office. 647-872-9982

TF. 1-844-247-6633

Email: info@scryb.ai

Forward-looking Information Cautionary Statement

Exceptfor statements of historic fact, this news release contains certain"forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by wordssuch as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similarwords, or statements that certain eventsor conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements aremade, and are subject to a variety of risks and uncertainties and other factors that could cause actual events orresults to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. Thereare uncertainties inherent in forward-looking information, including factorsbeyond the Company’s control. Thereare no assurances that the commercialization plans for the technology describedin this news release will come intoeffect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information ifcircumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance onforward-looking statements. Additional information identifying risks anduncertainties that could affect financial results is contained in the Company’s filingswith Canadian securities regulators, which filingsare available at www.sedar.com