Management will present Company's business progress, new
developments, vision and strategic plans.
TEL
AVIV, Israel, March 21,
2023 /PRNewswire/ -- HUB Cyber Security
Ltd (Nasdaq: HUBC), a developer of Confidential Computing
cybersecurity solutions and services ("HUB" or the
"Company"), announced today that it will host an online
investor event on March 28, 2023 at
10:00 a.m. EST, for the purpose of
updating existing and potential investors on the Company's
progress, new developments, vision and strategic plans. An online
link to access the event will be published in advance.
The event will be led by HUB CEO Mr. Uzi
Moskovich and other members of the Company's management.
Uzi Moskovich, CEO of HUB
commented that: "Our move to Nasdaq was done for a reason. We
believe the U.S. market is better equipped to understand and
appreciate our business and its overall growth potential. It is our
firm commitment to build healthy and transparent relationships with
our shareholders and the broader investment community."
About HUB Cyber Security Ltd
HUB Cyber Security Ltd ("HUB") 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 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, 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 the HUB and the following: (i)
expectations regarding HUB'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's ability to invest in growth initiatives and
pursue acquisition opportunities; (ii) the outcome of any legal
proceedings that may be instituted against the combined company;
(iii) the ability to meet stock exchange continued listing
standards; (iv) the risk that the consummation of the business
combination disrupts HUB's current operations and future plans; (v)
the ability to recognize the anticipated benefits of the
transaction, which may be affected by, among other things,
competition, the ability of HUB to grow and manage growth
profitably, maintain relationships with customers and suppliers and
retain its management and key employees; (vi) costs related to the
transaction; (vii) limited liquidity and trading of HUB's
securities; (viii) geopolitical risk, including military action and
related sanctions, and changes in applicable laws or regulations;
(ix) the possibility that HUB 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; and (xi) other risks and
uncertainties set forth in the section entitled "Risk Factors" and
"Cautionary Note Regarding Forward-Looking Statements" in HUB'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
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 the business combination or other matters addressed in
this press release and attributable to HUB or any person acting on
their behalf are expressly qualified in their entirety by the
cautionary statements contained or referred to in press release.
Except to the extent required by applicable law or regulation, HUB
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
Matt
McLoughlin
Gregory FCA on behalf of HUB Security
matt@gregoryfca.com
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SOURCE Hub Security