Hub Cyber Security Israel Ltd - HUBC STOCK NEWS

Welcome to our dedicated page for Hub Cyber Security Israel news (Ticker: HUBC), a resource for investors and traders seeking the latest updates and insights on Hub Cyber Security Israel stock.

Hub Cyber Security Israel Ltd (NASDAQ: HUBC) delivers cutting-edge cybersecurity solutions and confidential computing technologies to protect sensitive data across global enterprises. This dedicated news hub provides investors and industry professionals with timely updates on strategic developments, financial milestones, and technological breakthroughs shaping the company’s trajectory.

Access authoritative information on HUBC’s product innovations, service expansions, and partnership announcements. The curated collection includes earnings reports, acquisition updates, and expert analyses of emerging cybersecurity trends relevant to the company’s operations. Regular updates ensure stakeholders stay informed about risk management initiatives and advancements in data fabric technologies.

Discover press releases detailing HUBC’s professional services enhancements and technology deployments across government and commercial sectors. Content is organized to help users efficiently track the company’s progress in confidential computing and system integration projects. Bookmark this page for centralized access to verified updates about HUBC’s global cybersecurity initiatives and quality assurance protocols.

12/15/2023 07:00 AM

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HUB Secures Prestigious Position as Prime Vendor in Major Deal with Top-Tier Israeli Defense Contractor for Advanced Real-Time Battle Computing Solutions

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HUB Cyber Security Ltd (Nasdaq: HUBC) announces a collaboration agreement with one of Israel's top-three military contractors to provide Confidential Computing and ancillary cybersecurity services for on-ground military systems. The agreement aims to secure all mission-critical information processed in real-time by combat computers, emphasizing the company's dedication to providing secure warfare solutions amidst the Israeli war.

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12/12/2023 10:42 AM

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HUB Announces Reverse Share Split

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Hub Cyber Security Ltd. (Nasdaq: HUBC) announces a 1-for-10 reverse share split of its ordinary shares, effective on December 14, 2023. This is in response to the company's non-compliance with Nasdaq's minimum bid price requirement, aiming to increase the per share trading price of the Ordinary Shares to regain compliance. The reverse share split affects all shareholders uniformly and will not alter any shareholder’s percentage ownership interest in the Company’s issued and outstanding Ordinary Shares, except for adjustments that may result from the treatment of fractional shares.

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12/06/2023 08:59 AM

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HUB Wins €15 Million Project with a Prominent Swiss Aviation Vendor

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HUB Cyber Security Ltd. (Nasdaq: HUBC) has secured a framework agreement with a prominent Swiss aviation vendor for a project spanning over 3 years with an initial scope of approximately EURO 15.5 million, potentially expanding in scope and service revenues. The agreement involves providing solutions and services for cyber data security and ongoing systems safety and reliability analysis for an advanced electric and hydrogen powered, vertical-take-off-and-landing (VTOL) airplane. HUB CEO, Noah Hershcoviz, expressed confidence in the company's core technology and its potential for additional wins and announcements in the near future, aiming to secure long-term investors' confidence in the brand.

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12/04/2023 09:54 AM

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Strategic Leadership Transition at HUB Security: Noah Hershcoviz Appointed CEO while Uzi Moscovich Assumes back an Active Director Role

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HUB Cyber Security Ltd. (Nasdaq: HUBC) announces the appointment of Noah Hershcoviz as the new CEO, aiming to drive business growth and enhance shareholder value. Noah's extensive experience in global banking and capital raising, along with his strategic vision, positions him to lead HUB Security into its next phase of growth. The company also welcomes back Uzi Moscovich as an Active Director on the board, following his pivotal role in stabilizing the company after the previous CEO's termination.

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12/01/2023 07:31 AM

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HUB Security and Blackswan Technologies to collaborate on providing a Cyber enterprise solution for one of largest EU banks

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HUB Cyber Security Ltd (Nasdaq: HUBC) and Blackswan Technologies Ltd. are expanding their collaboration to provide a joint solution for enterprise Confidential Computing to the financial sector. The 3-year framework agreement, with a potential 24-month extension, is expected to generate over $25 million in revenue for HUB within the next 18 months. This partnership aims to address cybersecurity challenges faced by global financial institutions and drive innovation in the global cybersecurity landscape.

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11/06/2023 08:00 AM

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Hub Security Forecasts Over $10 Million in New Contracts in 2024 from a Key Contract with Top US Enterprise AI Firm in Groundbreaking Big4 Project

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HUB Cyber Security has signed a letter of intent for a financing and services agreement and strategic collaboration agreement with Blackswan Technologies. The collaboration aims to revolutionize the banking sector by streamlining operations, reducing ownership costs, and providing an additional layer of protection to critical processes. The initial contract is expected to contribute over $10 million to Hub Security's revenue in fiscal year 2024.

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11/02/2023 07:35 AM

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Hub Security Announces New CFO, a Key Appointment in Its Leadership Team

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HUB Cyber Security Ltd announces the appointment of Kobi Levi as its Chief Financial Officer (CFO) effective from November 19, 2023. Levi brings over 20 years of experience in global businesses, including working with high-profile tech companies such as Apple, Netflix, and Amazon. He has a proven track record in financial planning, analysis, M&A transactions, fundraising, and globalization procedures. Levi's appointment is expected to strengthen HUB Security's leadership team and drive innovation and growth within the organization.

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10/31/2023 10:21 AM

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HUB Cyber Security Signs an LOI to Acquire a Strategic Product Developer Cyber Security Company

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HUB Cyber Security announces a strategic alliance LOI with a company specializing in cyber risk detection and responses. The potential acquisition will boost HUB's revenue and profit margins, add top-tier clients to their portfolio, and enhance their Confidential Computing solutions and Cyber Services. The transaction value represents 20% of HUB Security's shares.

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09/14/2023 09:00 AM

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Hub Security Provides Company Updates: Strengthening Our Commitment to Excellence

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HUB Security announces updates and initiatives to enhance positioning and value

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08/17/2023 04:05 PM

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HUB Security Announces that its Chief Financial Officer Has Stepped Down and Commences Search for Permanent CFO

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HUB Security announces that Hugo Goldman has stepped down as CFO, but will remain with the company until September 30th to ensure a smooth transition. Lior Davidson will serve as Interim CFO while a permanent replacement is found. The company plans to report its first half results and hold a conference call to discuss its current status and future outlook.

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