Nubeva Announces Strategic Agreement with Copper River CS to deliver Ransomware Reversal Solutions to Federal, State and Local Governments

Rhea-AI Summary

Nubeva Technologies (TSX-V: NBVA, OTC: NBVAF) has announced a strategic agreement with Copper River Cyber Solutions to combat ransomware through innovative cybersecurity technology. Nubeva's software enables quick decryption of ransomware-encrypted data without paying ransoms and provides real-time alerts for enhanced threat response. This partnership leverages Copper River's established federal agency relationships and procurement advantages to deliver comprehensive security solutions. The collaboration aims to address the escalating ransomware threat faced by government entities.

Positive

• Strategic partnership with Copper River enhances market reach.
• Nubeva's technology allows fast decryption of ransomware, mitigating financial losses.
• Copper River's federal relationships can accelerate customer adoption.

Negative

• None.

SAN JOSE, Calif., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Today Nubeva Technologies (TSX-V: NBVA, OTC: NBVAF), a software developer of B2B ransomware solutions, today announced strategic agreement with Copper River Cyber Solutions (Copper River CS), a leading provider of next-gen cyber solutions and services serving the public, private and education sectors.

Nubeva’s technology delivers a new line for defense in the fight against ransomware. The software captures ransomware encryption keys to enable fast and easy decryption to restore operations without paying ransoms. In parallel, can provide real-time alerts to security operations center for faster response to threats that get past standard cybersecurity systems. Copper River will take this solution to market as a premier reseller adding professional services and managed operations to enable customer success.

“We are elated that we have signed this agreement with Copper River. Government entities have simply been crushed by ransomware over the past several months. This partnership will allow us to get this technology into the hands of entities who needed it yesterday,” said Steve Perkins, CMO and Head of Product at Nubeva. “Copper River brings enormous value because of their unique procurement advantages as well as their ability to provide a complete suite of services from implementation, managed operations and incident response.”

Copper River CS is 100% owned by the Native Village of Eyak, a federally recognized Tribal government that promotes self-determination to its tribal members. Copper River is designated an SBA 8(a) Certified entity, offering a number of key procurement advantages to federal agencies. Copper River CS has strong relationships with multiple federal agencies including the Department of Transportation, Homeland Security and Defense, but also serves state, local government, education, and commercial markets.

“Our customers turn to us to help them solve their most complex cyber challenges,” states Copper River CS President, Bill Halladay. “This is why we are excited to be working with Nubeva to deliver this breakthrough ransomware technology, wrapped with our unrivalled services, to ensure our clients confront and combat the threat of ransomware and receive immediate relief from a successful attack.”

“Copper River is the ideal strategic partner for Nubeva,” says Ryan Cote, former Federal CIO with the US Department of Transportation and Nubeva Advisor. “Copper River has a long and proven history of success in providing innovative and cutting-edge solutions to the government. Their procurement advantages and agility are unmatched. I have high confidence that, together, Nubeva and Copper River, can cut through challenges and help solve the ransomware problem plaguing governments large and small.”

To learn more about Nubeva Ransomware Reversal Solution
To learn more about Nubeva and Copper River CS Joint Offerings

About Nubeva Technologies Ltd. 

Nubeva develops and licenses B2B software for next-generation cybersecurity solutions with a focus on ransomware. The company’s patented and awarding winning SKI technology enable advanced decryptions solutions including ransomware reversal - the ability to decrypt and quickly recover from ransomware attacks without paying the ransom, and TLS Visibility - the ability to universally decrypt TLS/SSL network traffic enabling deep packet inspection for cybersecurity and application assurance applications. The company licenses its software to end-user enterprises, managed security service providers, incident responders, and cybersecurity and application solution manufacturers.

About Copper River CS:
Copper River Cyber Solutions, LLC, enables federal clients to create secure, modern IT infrastructures. As a Federally recognized, Alaska Native, Tribal owned, SBA 8(a) Certified Entity, agencies benefit from our unique, cost-effective procurement advantages which enable timely fulfillment of cyber defense requirements. Through our extensive cyber security past performance, we provide unrivaled incident monitoring & reporting, risk mitigation & compliance, data loss prevention solutions, and services delivered by our team of highly skilled technical experts. Federal agencies rely on Copper River Cyber Solutions to deliver the modern, resilient cyber defense IT infrastructures that safeguard their agency integrity.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the cybersecurity industry. 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 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. 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) accept responsibility for the adequacy or accuracy of this release.

For additional information, please contact:

Steve Perkins
sperkins@nubeva.com
(714) 261-9948‬

FAQ

What is the significance of Nubeva's agreement with Copper River Cyber Solutions?

The agreement allows Nubeva to enhance its market reach through Copper River's established federal relationships, providing advanced ransomware solutions to government entities.

How does Nubeva's technology work against ransomware?

Nubeva's technology captures ransomware encryption keys, enabling rapid decryption and restoration of operations without the need to pay ransoms.

What are the expected benefits of the Nubeva and Copper River partnership?

The partnership aims to deliver comprehensive cybersecurity solutions, leveraging Copper River's procurement advantages to meet urgent needs in cybersecurity for government agencies.

What sectors does Copper River Cyber Solutions serve?

Copper River serves public, private, and educational sectors, focusing primarily on federal agencies but also supporting state and local governments.

What stock symbols represent Nubeva Technologies?

Nubeva Technologies is listed under TSX-V: NBVA and OTC: NBVAF.