Yes, there are updates to the Cyberlink LabelPrint application. In fact, there is a standalone page developed for this operation. Browse the URL listed below and then download the necessary patch based on the installed version of LabelPrint. In most of the cases, simply download the latest version since it's a cumulative one and already contains the previously released ones.
Updates page: https://www.cyberlink.com/support/labelprint/patches_en_US.html
After the update has been downloaded, close the main application and then apply the patch.