Nubeva Receives Patent for Cloud-Based Security Services

Nubeva Technologies Ltd. (TSX-V: NBVA), a cloud visibility Software-as-a-Service (SaaS) software developer for enterprises with assets in the cloud and data centers, today announced it received a U.S. Patent (Patent No. 10,530,815 B2) for Seamless Service Updates for Cloud-Based Security Services. The patent acknowledges Nubeva’s innovation in techniques for “providing flexible and extensible enterprise security systems and enabling scalable cloud-based security services.”

“We are perfecting the ability to learn and extract final encryption secrets from client and server memory in real-time -- reliably, securely, at scale -- with no changes to software on the systems,” said Randy Chou, CEO at Nubeva. “This capability opens blind spots and improves the way enterprises and security system providers decrypt their traffic in order to scan and inspect for viruses, malware, ransomware and more advanced threats. We are pleased to receive this important patent as it further confirms our vision and innovation.”

Both Chou and Nubeva CTO Greig Bannister are named inventors of the patent, which was initially filed in December 2017. This is the third U.S. Patent awarded to Nubeva since the company began developing new solutions to more easily see into network traffic.

About Nubeva Technologies Ltd.

Nubeva Technologies Ltd. develops Software-as-a-Service ("SaaS") solutions that enable enterprises to obtain visibility of encrypted cloud traffic. Nubeva’s Symmetric Key Intercept architecture provides universal TLS decryption and works in any cloud platform. The service unlocks cloud traffic for best-of-breed security. The scalability and ease-of-use of Nubeva enable any organization to adopt aggressive encryption in the cloud needed for network monitoring and security tools. Visit nubeva.com for more information.

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 in respect of 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.

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