File: '\\swfile\EmailIn\20240416 133344 Attachment Nubeva Finalizes Agreement with Global Financial Institution, Strengthening AI Security Solutions.docx'

Nubeva Finalizes Agreement with Global Financial Institution, Strengthening AI Security Solutions

SAN JOSE, Calif., April 16, 2024 -- Nubeva Technologies (TSX-V: NBVA), a cybersecurity company specializing in ransomware decryption and recovery, today proudly announced a significant stride in its business evolution following an agreement signed in March of 2024 with a top 10 global financial institution that is known for its substantial presence in both retail and corporate banking sectors. The agreement will see Nubeva provide cybersecurity solutions across extensive client and server workloads globally. This deal signifies a major leap forward in Nubeva's strategic expansion, emphasizing a steadfast commitment to harnessing Artificial Intelligence (AI) to foster success with each client account.

Following this deal, Nubeva reaffirms its dedication to investing in AI, underscoring its vision to bolster every customer interaction with AI technologies. Nubeva's focus is on enhancing its ransomware reversal solutions with AI, aiming to provide next-level support and efficiency in cybersecurity defense.

Randy Chou, CEO of Nubeva, commented, "This agreement with a premier financial entity aligns perfectly with Nubeva's strategic vision and recent initiatives. It underscores the industry's confidence in our technology and approach, further enabling us to advance our AI-driven solutions to enhance every client's success." Revenue from the first 12 month period of the agreement is not expected to be material in the context of the Company's overall business, however the Company will provide updates if and when subsequent service revenue becomes operationally material.

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.

Forward-Looking Statements

This press release may contain forward-looking statements. These statements reflect the company's current expectations and are subject to a number of risks and uncertainties. For a detailed discussion of these risks and uncertainties, please refer to the company's filings with the TSX Venture Exchange and other regulatory authorities.

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 more information:

Randy Chou

info@nubeva.com

844.538.4638