SAN JOSE, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- 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 Maryland Innovation and Security Institute (MISI) at its DreamPort facility. DreamPort is a renowned mission accelerator facility founded and funded by U.S. Cyber Command.
Steve Perkins, CMO and Head of Product at Nubeva, expressed the significance of this invitation. “We are deeply honored to have been invited to DreamPort. DreamPort is an invitation-only facility renowned for its rigor and integrity in cybersecurity testing of leading-edge products and technologies,” said Perkins. “DreamPort's affiliation with U.S. Cyber Command 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.”
The DreamPort facility, established through a Partnership Intermediary Agreement by U.S. Cyber Command and awarded to MISI, is renowned for fostering innovation, collaboration, and prototyping in cybersecurity. It is highly credible in the sector and connected to national cybersecurity operations.
Nubeva anticipates the release of the final findings on the testing and evaluation of Ransomware Reversal technology in July of 2023.
About Nubeva Technologies
Nubeva Technologies provides next-generation decryption solutions for faster, lower-cost recovery from ransomware attacks. Its mission is to reduce downtime costs and damages so businesses never pay ransoms again. Nubeva’s ransomware reversal software is available to end-user enterprises, managed security service providers, incident responders, and cybersecurity solution manufacturers.
About DreamPort
DreamPort is a cyber innovation, collaboration, and prototyping facility located in Columbia, MD. It was created by USCYBERCOM through a Partnership Intermediary Agreement awarded to the Maryland Innovation and Security Institute (MISI) in May 2018.
About MISI
Maryland Innovation and Security Institute (MISI) is a non-profit formed exclusively to further and promote charitable, educational, and scientific purposes including, but not limited to, furthering innovation in cybersecurity through education, global technology partnerships, investment, and community engagement to create a collaborative network of subject matter experts and cyber professionals. One of the missions of MISI is to operate the DreamPort mission accelerator located in Columbia, Maryland. To learn more, visit https://misi.tech.
About U.S. Cyber Command
U.S. Cyber Command plans, coordinates, integrates, synchronizes, and conducts activities to: direct the operations and defense of specified Department of Defense information networks and; prepare to, and when directed, conduct full spectrum military cyberspace operations in order to enable actions in all domains, ensure U.S./Allied freedom of action in cyberspace and deny the same to our adversaries. Visit http://www.cybercom.mil/ to learn more.
For further information and for a private briefing on Nubeva’s ransomware decryption solutions, visit www.nubeva.com
Forward-looking statements
This news release contains “forward-looking information” and “financial outlook” within the meaning of applicable securities laws relating to the company's business plans, the outlook of the cybersecurity industry, and the expectation that the company will be cash flow positive for calendar 2023. Although the company believes in light of the experience of its officers and directors, current conditions and expected future developments, and other factors that have been considered appropriate that the expectations reflected in this forward-looking information and financial outlook are reasonable, undue reliance should not be placed on them because the company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements for reasons relating to the development and adoption of the company’s technology and its input and capital cost requirements, among other factors. The statements in this press release are made as of the date of this release, and the company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The company undertakes no obligation to comment on analyses, expectations, or statements made by third parties regarding the company, its subsidiaries, their securities, or their respective financial or operating results (as applicable).
Neither the TSX venture exchange nor its regulation services provider (as that term is defined in the policies of the TSX venture exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information or to schedule interviews, contact:
Steve Perkins
Chief Marketing Officer, Nubeva
Sperkins@nubeva.com
(714) 261-9948
