TEL
AVIV, Israel, March 28,
2023 /PRNewswire/ -- As previously announced, HUB
Cyber Security Ltd (Nasdaq: HUBC), a developer of Confidential
Computing cybersecurity solutions and services ("HUB Security" or
the "Company"), will host an online investor event at 10:00 a.m. EST today (March 28, 2023), for the purpose of updating
existing and potential investors on the Company's progress, new
developments, vision and strategic plans.
Registration for the investor event is available through the
link below:
https://hubsecurity-io.zoom.us/webinar/register/4316799910948/WN_zxCMcah2T_WEK3fImZ8Dtw
The event will be led by HUB Security's CEO Mr. Uzi Moscovici, and other members of the
Company's management.
About HUB Cyber Security Ltd
HUB Cyber Security Ltd ("HUB Security") was established in 2017
by veterans of the 8200 and 81 elite intelligence units of the
Israeli Defense Forces. The company specializes in unique Cyber
Security solutions protecting sensitive commercial and government
information. The company debuted an advanced encrypted computing
solution aimed at preventing hostile intrusions at the hardware
level while introducing a novel set of data theft prevention
solutions. HUB Security operates in over 30 countries and provides
innovative cybersecurity computing appliances as well as a wide
range of cybersecurity services worldwide.
Forward-Looking Statements
This press release contains forward-looking statements for
purposes of the safe harbor provisions under the United States
Private Securities Litigation Reform Act of 1995, including
statements about the anticipated benefits of the transaction, and
the financial condition, results of operations, earnings outlook
and prospects of the combined company. Forward-looking statements
are typically identified by words such as "plan," "believe,"
"expect," "anticipate," "intend," "outlook," "estimate," "future,"
"forecast," "project," "continue," "could," "may," "might,"
"possible," "potential," "predict," "seem," "should," "will,"
"would" and other similar words and expressions, but the absence of
these words does not mean that a statement is not
forward-looking.
The forward-looking statements are based on the current
expectations of the management of HUB Security, as applicable, and
are inherently subject to uncertainties and changes in
circumstances and their potential effects and speak only as of the
date of such statement. There can be no assurance that future
developments will be those that have been anticipated. These
forward-looking statements involve a number of risks, uncertainties
or other assumptions that may cause actual results or performance
to be materially different from those expressed or implied by these
forward-looking statements. These risks and uncertainties include,
but are not limited to, those discussed and identified in public
filings made with the SEC by HUB Security and the following: (i)
expectations regarding HUB Security's strategies and future
financial performance, including its future business plans or
objectives, prospective performance and opportunities and
competitors, revenues, products and services, pricing, operating
expenses, market trends, liquidity, cash flows and uses of cash,
capital expenditures, and HUB Security's ability to invest in
growth initiatives and pursue acquisition opportunities; (ii) the
outcome of any legal proceedings that may be instituted against Hub
Security; (iii) the ability to meet stock exchange continued
listing standards; (iv) the risk that the consummation of the
business combination disrupts HUB Security's current operations and
future plans; (v) the ability to recognize the anticipated benefits
of the business combination, which may be affected by, among other
things, competition, the ability of HUB Security to grow and manage
growth profitably, maintain relationships with customers and
suppliers and retain its management and key employees; (vi) costs
related to the business combination; (vii) limited liquidity and
trading of HUB Security's securities; (viii) geopolitical risk,
including military action and related sanctions, and changes in
applicable laws or regulations; (ix) the possibility that HUB
Security may be adversely affected by other economic, business,
and/or competitive factors; (x) inaccuracies for any reason in the
estimates of expenses and profitability and projected financial
information for HUB Security; and (xi) other risks and
uncertainties set forth in the section entitled "Risk Factors" and
"Cautionary Note Regarding Forward-Looking Statements" in HUB
Security's final proxy statement/prospectus filed on December 5, 2022.
Should one or more of these risks or uncertainties materialize
or should any of the assumptions made by the management of HUB
Security prove incorrect, actual results may vary in material
respects from those expressed or implied in these forward-looking
statements.
All subsequent written and oral forward-looking statements
concerning matters addressed in this press release and attributable
to HUB Security or any person acting on their behalf are expressly
qualified in their entirety by the cautionary statements contained
or referred to in this press release. Except to the extent required
by applicable law or regulation, HUB Security undertakes no
obligation to update these forward-looking statements to reflect
events or circumstances after the date of this press release to
reflect the occurrence of unanticipated events.
Media contact
Gili Nizani on behalf of HUB
Security
hubpr@hubsecurity.io
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SOURCE Hub Security