HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”), a developer of confidential computing cybersecurity solutions and services, has announced that it anticipates demonstrating strong success in the next two years. With strategic initiatives that showcase the company’s innovation, growth and resilience, HUB Security is set to redefine its future. The company’s management believes the 2023 performance slowdown was affected by adverse events in Q1, but rapid actions and a complete change of HUB Security’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 path to growth to over $100 million in expected revenues from existing and new contracts. “In 2024, we’re not just aiming for success; we are proactively orchestrating it,” said HUB Security CEO Noah Hershcoviz. “With a new management team, an expanding professional portfolio and existing contracts, we are crafting a narrative of triumph that resonates with power and promise.”
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About HUB Security Ltd.
HUB Cyber Security (“HUB Security”) was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The company specializes in unique cybersecurity 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.
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