InvestorNewsBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Enters Strategic Alliance to Bolster Cyber Defenses Globally

October 31, 2023 14:33:48

HUB Cyber Security (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and services, has announced a strategic alliance LOI with a company with cutting-edge technology in the automation of cyber risk detection and responses. The LOI contemplates the engagement in a strategic alliance via marketing the combined solutions of both companies in the U.S., the EU and in Israel. Within six months of signing of an agreement, subject to due diligence, HUB will receive an option to acquire all of the shares of the strategic partner. “The current situation in Israel only reaffirms the need for far stronger cyber defenses than the world currently employs. HUB is committed to providing the highest level of military-grade security to protect our country and many other governments against cyber-attacks that may cripple entire nations,” said Uzi Moskowitz, CEO of HUB Security, of the strategic alliance. “We persist in fostering collaborations between organizations to bolster cyber defenses globally, safeguarding vital online infrastructure for defense and government purposes. Our partner has significant technology in its field and is a perfect match to our technology and vision.”

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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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