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Nubeva Technologies Ltd
Symbol NBVA
Shares Issued 56,265,248
Close 2020-07-03 C$ 0.085
Recent Sedar Documents

Nubeva receives $1M upfront payment for licence deal

2020-07-08 07:55 ET - News Release

Mr. Chuck Grothaus reports

NUBEVA SIGNS LICENSE AGREEMENT WITH TOP TIER CYBER SECURITY PROVIDER; RECEIVES $1 MILLION UPFRONT PAYMENT

Nubeva Technologies Ltd. has entered into a seven-figure multiyear licence agreement with an about $10-billion market cap global leader in cybersecurity solutions. The agreement, under which Nubeva received a $1-million initial payment, allows for the license of Nubeva's breakthrough symmetric key intercept solution.

"Nubeva has created a patented solution that enables security and application monitoring systems to see into TLS (SSL) encrypted network traffic more effectively and efficiently," said Randy Chou, chief executive officer at Nubeva. "This first licence agreement validates our symmetric key intercept technology as a pivotal enabler to the broad array of security and application monitoring systems. Our innovation restores and enhances functionality impacted by modern encryption protocols and achieves price/performance points not previously attainable. We feel the agreement is a turning point for Nubeva. We're confident this is the first of many relationships we'll forge with top-tier solution providers."

Delivered as a next-generation agent and microservice software, Nubeva symmetric key intercept (SKI) technology enables systems to see into more traffic. The solution provides up to 10 times performance gains and dramatically simplifies current methods and techniques employed by technology solution providers. This capability can enhance and offload in-line security systems such as next-generation firewalls, Web gateways, intrusion prevention, APT and DLP systems as well as restore and expand functionality to numerous out-of-band, passive decryption and monitoring systems.

Nubeva's software core intellectual property lies in its ability to discover and extract the session encryption keys from servers and clients, for VMs, containers, Kubernetes and metal, in clouds and data centres, regardless of protocol, ciphers or session type. The technology is reliable, efficient, secure and provides game-changing economics, scaling and performance. With session keys in hand, enterprises and system manufacturers can employ far simpler and economic pure symmetric decryption to enable their systems.

About Nubeva Technologies Ltd.

Nubeva Technologies has changed the decrypted visibility game with pure, symmetric decryption. Nubeva helps enterprises gain the visibility needed through decryption so they can fully inspect network traffic.

We seek Safe Harbor.

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