CORRECTING and REPLACING – MISI Invites Nubeva To 3rd Party Testing of Ransomware Reversal Product

Independent Product Testing Commences at MISI’s DreamPort Facility

SAN JOSE, Calif., July 13, 2023 (GLOBE NEWSWIRE) -- Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) is correcting and replacing the press release that was released under the same headline on June 29, 2023*. The company wishes to clarify that U.S. Cyber Command was not involved in testing and the third-party testing was led by MISI at its DreamPort facility. The corrected release follows:

Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) announces it has accepted the invitation for independent third-party testing and validation of its Ransomware Reversal Product by the MISI at its DreamPort facility. MISI, a cybersecurity nonprofit fueling the people and technology needed to solve critical cybersecurity challenges, serves as an intermediary to help connect U.S. Cyber Command (USCYBERCOM) and the U.S. government to the innovative products and solutions needed to advance the nation’s cybersecurity capabilities.

Steve Perkins, CMO and Head of Product at Nubeva, expressed the significance of this invitation. “We are deeply honored to have been invited by MISI to undergo testing at DreamPort. DreamPort is an invitation-only facility renowned for its rigor and integrity in cybersecurity testing of leading-edge products and technologies,” said Perkins. “MISI’s affiliation with U.S. cybersecurity initiatives adds an unmatched layer of credibility to the testing process."

Nubeva's Ransomware Reversal provides a robust protection system that decrypts data encrypted during a ransomware attack. This innovative solution enables fast and easy recovery from such attacks, eliminating the need to pay ransoms. Ensuring rapid and reliable data restoration helps organizations minimize operational disruptions, data loss, and the associated financial and other losses. This patented technology introduces a new level of business resilience against the rising ransomware threat.

“We recognize the indispensable value of third-party validation,” added Perkins. “We eagerly await the results and are confident that this validation will firmly establish Nubeva’s Ransomware Reversal technology as an essential and effective resource for organizations across industries to combat the effects of ransomware.”

MISI’s Cyber Mission Accelerator, DreamPort, is a cybersecurity innovation and prototyping facility serving the United States Cyber Command (USCYBERCOM) through a Partnership Intermediary Agreement (PIA). MISI is a highly credible organization, renowned for fostering innovation, collaboration, and proof of concepts in cybersecurity.