NUBEVA TECH LTD - NBVAF STOCK NEWS

Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) has formed a strategic partnership with Megazone Cloud, a leading AWS consulting partner in the Asia-Pacific region. This collaboration marks Nubeva's entrance into the Asia-Pacific market, focusing on deploying its patented Ransomware Reversal technology within Megazone's multi-cloud security framework. The partnership aims to enhance data protection for over 5,000 Megazone clients by facilitating faster recovery from ransomware incidents. Both companies express enthusiasm about the collaboration, highlighting its potential to improve cybersecurity solutions globally.

Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) reported strong year-over-year results for the first nine months of FY 2023, highlighting growth in Revenue, Gross Margins, Net Earnings, and managed Expenses.

CEO Randy Chou expressed pride in the company's performance, emphasizing the success of their Ransomware Reversal product and the efficiency of their operating model. The company aims to be cash flow positive in 2023 and has an expanding pipeline. For detailed financial information, refer to SEDAR.

Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) has secured a minimum 3-year contract with an undisclosed global managed service provider to license its ransomware reversal solution. This partnership is projected to generate a minimum of seven figures annually, enhancing the service provider's customer offerings. The integration is seen as a competitive advantage by both parties. Nubeva's patented technology allows organizations to decrypt files without paying ransoms and aids in incident response. Additionally, the recent implementation of AI technology is expected to enhance contract delivery, leading to cost savings.

Nubeva Technologies, a leader in ransomware reversal solutions, has announced the integration of ChatGPT, an AI technology from OpenAI, across its operations. This move aims to enhance productivity and response times in combating ransomware threats. Nubeva's CEO, Randy Chou, emphasized the importance of quick action against ransomware, highlighting that ChatGPT provides deep telemetry for improved analysis and decryption tool production. The company aims to remain ahead of threat actors in cybersecurity, with expectations to achieve cash flow positivity in 2023. Nubeva's mission focuses on reducing costs and damages from ransomware attacks.

Nubeva Technologies has entered a strategic partnership with Kroll, a leading independent provider of risk and financial advisory solutions. This collaboration aims to enhance technology for ransomware investigations, leveraging Kroll's expertise in incident response. Nubeva's CMO, Steve Perkins, expressed excitement about Kroll's validation of their capabilities, while Kroll’s COO, Ben Demonte, emphasized the importance of partnerships in combating ransomware threats. Nubeva specializes in decryption solutions to facilitate faster and more cost-effective recovery from ransomware attacks, aligning with their mission to minimize downtime and eliminate ransom payments.

Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) announced a new three-year contract worth seven figures annually with a major global services company for its Ransomware Reversal solutions. CMO Steve Perkins highlighted a recent surge in ransomware attacks, emphasizing the importance of this deal for growth potential. The software allows organizations to decrypt files without paying ransoms and aids in incident response. A correction was made regarding projected cash flow, clarifying expectations for calendar 2023, not the fiscal year. The company aims to prevent ransom payments through its innovative solutions.

Nubeva Technologies announced a new seven-figure contract expected to lead to cash flow positive operations in 2023. The CEO, Randy Chou, expressed optimism about the company's growth and stated that no further capital investments are anticipated. Nubeva's ransomware reversal software helps organizations recover from attacks without paying ransoms, positioning it as a significant player in the cybersecurity market. The company aims to alleviate the financial strain of ransomware and enhance recovery speed and cost-effectiveness.

Nubeva Technologies has successfully decrypted a ransomware attack by Black Basta for a client, demonstrating the efficacy of its Ransomware Reversal Solution. This achievement reflects a growing trend in successful decryptions, including notorious groups like Conti and REvil. Nubeva's patented technology captures encryption materials during the attack, allowing clients to recover both encrypted and corrupted data, significantly reducing downtime without paying ransoms. The company aims to alleviate the financial burden ransomware imposes on businesses.