Significant Year-over-Year Margin Expansion, Streamlined Operations, and Strategic Wins Position HUB for Scalable Growth in 2025 Conference call will be held Friday, May 2 at 10:00 am ET TEL AVIV, Israel, May 01, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and advanced data fabric technology, today announced results for the full year and second half period ended December 31, 2024 and the filing of its Annual Report on Form 20-F for the Year Ended December 31, 2024. Financial results for H2 2024: Revenues were $13.8 million, compared to $17.6 million in H2 2023. The year-over-year change reflects the

TEL AVIV, Israel, April 16, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and advanced data fabric technology, is pleased to announce the appointment of Shlomo Bibas as an Independent Member of the Company's Board of Directors, effective immediately. Mr. Bibas will also serve on various board committees and has been appointed Chairperson of the Compensation Committee. Mr. Bibas brings over two decades of leadership experience across the technology, cybersecurity, and corporate governance sectors. He has a strong track record of driving strategic growth, operational efficiency, and technological innovation

TEL AVIV, Israel, April 14, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and advanced data fabric technology, is pleased to announce the appointment of John Rogers as President of the Americas Region. This strategic leadership move supports HUB's broader initiative to establish its U.S. headquarters this summer, marking a significant step in the Company's expansion across North America and the wider Americas. John Rogers brings decades of leadership experience across public policy, national security, and business strategy. He previously served as Deputy Assistant Secretary of Defense and over the cours

TEL AVIV, Israel, April 09, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global provider of cybersecurity and data protection solutions, today announced it has been selected by Cassa di Risparmio della Repubblica di San Marino S.p.A. (the "Bank") to execute a comprehensive €20 million digital banking and infrastructure modernization initiative (the "Project"). The Bank is the oldest financial institution in San Marino. The Project remains subject to regulatory approvals and the execution of a definitive agreement. Subject to the foregoing, HUB expects to implement the Project by the end of 2025. HUB's secure, on-premise infrastructure model wa

TEL AVIV, Israel, March 27, 2025 (GLOBE NEWSWIRE) -- Hub Cyber Security Ltd. (NASDAQ:HUBC) ("HUB Security" or the "Company"), a global leader in confidential computing and secured data fabric technology, today announced a 1-for-10 reverse share split of its ordinary shares, no par value per share (the "Ordinary Shares"). The reverse share split and corresponding share capital adjustment will become effective at 11:59 p.m. Eastern Time on Friday, March 28, 2025. The Ordinary Shares will begin trading on a split-adjusted basis on The Nasdaq Stock Market LLC ("Nasdaq") at the open of business on Monday, March 31, 2025, under the existing trading symbol "HUBC," but the Ordinary Shares will tra

TEL AVIV, Israel, March 27, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global provider of cutting-edge cybersecurity and data protection solutions, today announced a pivotal leadership transition at its Board of Directors level. Mr. Kasbian Nuriel Chirich, who has served as Active Chairperson of the Board during a critical period of strategic restructuring at the Company, has decided to step down as Chair due to personal reasons, and will remain on the Board as a director. The Board of Directors, at Mr. Chirich's recommendation, has unanimously approved the appointment of Ms. Renah Persofsky, ICD.D., as its new Active Chairperson of the Board

TEL AVIV, Israel, March 14, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and advanced secured data fabric technology,  announced that it has received a 14-day extension from the Nasdaq Hearings Panel (the "Panel") to evidence compliance with the minimum bid price requirement. The Company now has through April 14, 2025, to achieve 10 consecutive trading days of at least $1 per share. The Panel's determination is based in part on the Company meeting the continued listing requirements for the Market Value of Listed Securities ("MVLS"). In addition, the Panel inquired into and reviewed recent developments a

TEL AVIV, Israel, Feb. 28, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and secured data fabric technology, announced today that following a thorough review and analysis of the Company's history, recent successful achievements and positive outlook, the Nasdaq Hearings Panel (the "Panel") has granted the Company's request to continue its listing on The Nasdaq Stock Market ("Nasdaq"). In making its decision, following a hearing with the Company on February 6, 2025, the Panel considered the Company's entire record, including background information about the Company, its business description, financial infor

TEL AVIV, Israel, Feb. 20, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and advanced data fabric technology, has successfully executed important settlements with both Oppenheimer & Co. Inc. and Dominion Capital, eliminating $9.1 million in legacy liabilities. The Company has reduced a combined $16.6 million in claims to a final settlement amount of just $7.5 million, structured under highly favorable installment terms, significantly strengthening HUB's balance sheet and financial flexibility. To support these settlements, HUB has secured $13.5 million from Claymore Capital Pty Ltd. In exchange for long-t

TEL AVIV, Israel, Feb. 19, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and advanced cybersecurity solutions, has secured a six-month extension on $11 million aggregate principal amount of convertible notes (plus accrued interest). This agreement enhances financial stability, optimizes the Company's capital structure, and supports long-term growth. As part of the agreement, the investor's warrants to purchase 13 million ordinary shares were amended to reclassify them from debt to equity, strengthening HUB's balance sheet. In return, the investor has received warrants to purchase 2 million ordinary shar

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Significant Year-over-Year Margin Expansion, Streamlined Operations, and Strategic Wins Position HUB for Scalable Growth in 2025 Conference call will be held Friday, May 2 at 10:00 am ET TEL AVIV, Israel, May 01, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and advanced data fabric technology, today announced results for the full year and second half period ended December 31, 2024 and the filing of its Annual Report on Form 20-F for the Year Ended December 31, 2024. Financial results for H2 2024: Revenues were $13.8 million, compared to $17.6 million in H2 2023. The year-over-year change reflects the

TEL AVIV, Israel, Dec. 02, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB"; or the "Company"), a leading provider of cybersecurity solutions and advanced data fabric, today announced its financial results for the first half of 2024. Financial results for H1 2024: Revenues: $15.7 million, compared to $25.0 million in H1 2023. The revenue shift highlights HUB's strategic effort to optimize its business sectors by transitioning away from less profitable segments, including certain parts of its IT Services and Cyber Consultancy operations. Instead, HUB has made great strides in refining its blend of solutions to focus on core, higher-margin offerings, while po

TEL AVIV, Israel, Nov. 27, 2024 (GLOBE NEWSWIRE) -- via IBN –  HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB Security"; or the "Company"), a leading provider of cybersecurity solutions and advanced data fabric, has scheduled a conference call with management on Monday, December 2, 2024, at 9:00 a.m. ET, to review the first half 2024 results. Conference Call Details Date and Time: Monday, December 2, 2024, at 9:00 a.m. ET Call-in Information: Interested parties can access the conference call by dialing (844) 836-8745 and international callers at (412) 317-6797. Webcast: Interested parties can access the conference call via a live webcast, which is available in the Investor Relations sect

TEL AVIV, Israel, Aug. 16, 2024 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC), a leading provider of cybersecurity solutions ("HUB Security" or the "Company"), today released its financial results for the fiscal year ended December 31, 2023. HUB has successfully retained a robust client base and has implemented a clear and ambitious growth strategy to establish itself as a leader in the Secured Data Fabric (SDF) sector. With top-tier talent onboard, the Company believes it is now poised for a dynamic new chapter of growth and innovation. The Company is committed to expedite the reporting of its results for the first half of the fiscal year ended June 30, 2024. Following this,

TEL AVIV, Israel, April 04, 2024 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of confidential computing cybersecurity solutions and services ("HUB" or the "Company"), is pleased to announce the successful acquisition for cash of Qpoint Technologies ("Qpoint"). Following this acquisition HUB holds 100% of QPoint. This acquisition is strategically aligned with HUB's mission to establish a leading global secure data fabric ecosystem. QPoint, boasting a diverse customer base of over 100 renowned brand clients, including partnerships with Rafael Advanced Defense Systems, the developer of the "Iron Dome", the Israel Airport Authority and the Ministry of Defens

TEL AVIV, Israel, Aug. 17, 2023 (GLOBE NEWSWIRE) -- HUB Security (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), today announced that Hugo Goldman, has stepped down from his position as Chief Financial Officer, effective immediately, to pursue other interests. Mr Goldman will remain employed with the Company until September 30, 2023 in an advisory capacity to ensure an effective transition of his duties. The Company has commenced an immediate global search for a new chief financial officer that is both highly qualified and a strategic fit. Lior Davidson, the Company's VP of Finance, will serve as Interim CFO until

TEL AVIV, Israel, Aug. 15, 2023 (GLOBE NEWSWIRE) -- HUB Security (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), today announced it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022. The Company plans to work expeditiously to report its first half results for the period ended June 30, 2023. Subsequently, the Company looks forward to holding a conference call to discuss historical events, current status, and go-forward outlook. Meanwhile, the Company continues its strategy, daily operations, and mission to disrupt the market with its confidential computing platform. As previousl

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TEL AVIV, Israel, April 16, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and advanced data fabric technology, is pleased to announce the appointment of Shlomo Bibas as an Independent Member of the Company's Board of Directors, effective immediately. Mr. Bibas will also serve on various board committees and has been appointed Chairperson of the Compensation Committee. Mr. Bibas brings over two decades of leadership experience across the technology, cybersecurity, and corporate governance sectors. He has a strong track record of driving strategic growth, operational efficiency, and technological innovation

TEL AVIV, Israel, April 14, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in confidential computing and advanced data fabric technology, is pleased to announce the appointment of John Rogers as President of the Americas Region. This strategic leadership move supports HUB's broader initiative to establish its U.S. headquarters this summer, marking a significant step in the Company's expansion across North America and the wider Americas. John Rogers brings decades of leadership experience across public policy, national security, and business strategy. He previously served as Deputy Assistant Secretary of Defense and over the cours

TEL AVIV, Israel, March 27, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global provider of cutting-edge cybersecurity and data protection solutions, today announced a pivotal leadership transition at its Board of Directors level. Mr. Kasbian Nuriel Chirich, who has served as Active Chairperson of the Board during a critical period of strategic restructuring at the Company, has decided to step down as Chair due to personal reasons, and will remain on the Board as a director. The Board of Directors, at Mr. Chirich's recommendation, has unanimously approved the appointment of Ms. Renah Persofsky, ICD.D., as its new Active Chairperson of the Board

TEL AVIV, Israel, Jan. 16, 2025 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a global leader in advanced cybersecurity and data fabric technology, today announced that it has entered into a definitive agreement to acquire BlackSwan Technologies, Inc. ("BlackSwan"). The transaction is subject to customary closing conditions and is expected to close next week. This acquisition positions HUB as the dominant player in secured data fabric solutions - a critical shield for banks and financial institutions navigating an increasingly complex regulatory and cybersecurity landscape. The acquisition of BlackSwan Technologies represents a pivotal miles

TEL AVIV, Israel, Jan. 16, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), proudly announces the strategic appointment of Nachman Geva as its Chief Technology Officer (CTO). This move is meticulously crafted to position HUB Security at the forefront of the cybersecurity for the data fabric market, leveraging Geva's proven high-tech data analytics expertise and stellar track record. The Company is confident that adding seasoned professionals to crucial management positions sets the stage for a new era of excellence. These leaders, selected for their unparal

TEL AVIV, Israel, Jan. 08, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), anticipates demonstrating strong success in the next two years. With strategic initiatives that  showcase the Company's innovation, growth, and resilience, the Company is set to redefine its future. Management believes the 2023 performance slowdown was affected by the adverse events Q1, but rapid actions and a complete change of the Company's C-level management, created a new wave of strategic change where 2024 is expected to be a transformative year towards a strong FY2025 with a p

TEL AVIV, Israel, Dec. 04, 2023 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd. (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), is pleased to announce significant changes to its executive leadership team, marking a strategic shift to propel the Company's business and target shareholder value. HUB's board has unanimously appointed Noah Hershcoviz as the new Chief Executive Officer. Noah currently serves as the Company's Chief Strategy Officer and a member of its Board of Directors, and his deep understanding of the Company's vision and his strategic acumen position him as an exceptional candidate to lead

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 16, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hub Cyber Security Ltd. ("HUB" or the "Company") (NASDAQ:HUBC) investors that a lawsuit filed on behalf of investors that received in exchange for shares of Hub Cyber Security (Israel) Ltd. ("Legacy HUB") in connection with the Legacy HUB's merger (the "Merger") with Mount Rainier Acquisition Corp. ("Mount Rainier"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Po

TEL AVIV, Israel, April 18, 2023 /PRNewswire/ -- HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), today announced that it has appointed Ilan Flato to its Board of Directors. Mr. Flato is the president and CEO of the Israeli Association of Publicly Traded Companies and the former economic advisor to the Prime Minister of Israel. "We are thrilled to announce the addition of Ilan Flato to our board of directors. His extensive experience and expertise will make him an invaluable addition to the HUB Security team", said Uzi Moskowitz, CEO of HUB Security. "His contributions are expected to be multi-

Veteran Risk Management Technology Executive Joins HUB Cyber Security, a Leader in Confidential Computing, to Drive Enterprise Growth and Go-to-Market Success TEL AVIV, Israel, April 11, 2023 /PRNewswire/ -- HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), today announced that it has appointed David Riker as its Global Chief Operating Officer.   As HUB Security's new COO, Riker will lead efforts to scale the Company's global business operations and go-to-market strategies, aligning the Company's two business units, Confidential Computing and Professional Services. Mr. Riker will report directly