Currently Deployed by Leading European Banks; Expanding Across North America, Asia, and the Middle EastTEL AVIV, Israel and NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (Nasdaq: HUBC) (“HUB” or the “Company”), a developer of confidential computing and AI-driven Secured Data Fabric (SDF) solutions, today announced the global launch of HUB Compliance™, its next-generation compliance and regulatory oversight platform. The solution is currently deployed by the global operations of HUB's E ...

TEL AVIV, Israel and NEW YORK, Sept. 11, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (Nasdaq: HUBC) (“HUB” or the “Company”), a global leader in AI-powered secured data fabric and zero-trust cybersecurity, today announced the appointment of Romke E. de Haan III as its Head of Cybersecurity Strategy and Innovation Division. Based out of HUB’s U.S. headquarters, Mr. de Haan will play a pivotal role in advancing the Company’s anticipated expansion across North America. Mr. de Haan brings decades of expert ...

Core Viewpoint - HUB Cyber Security Ltd. has secured up to $20 million in financing through a subordinated convertible note private placement, demonstrating institutional confidence in its AI-native Secured Data Fabric (SDF) platform and positioning the company for transformative enterprise deals [1][3][4] Financing Details - The financing is structured as subordinated convertible notes with a 4.0% annual interest rate, maturing in August 2027, and is expected to yield approximately $20 million in gross proceeds before expenses [2][3] Strategic Implications - The capital raised will be utilized to reduce debt, accelerate U.S. operations, and enhance HUB's AI-powered enterprise intelligence and crypto infrastructure capabilities, enabling the company to scale operations and pursue significant enterprise deals [1][3][4] Product Offering - HUB's SDF platform serves as an institutional control layer for regulated data, offering a more secure and cost-effective solution compared to traditional data lake systems, achieving a 50% reduction in compliance costs and faster digital onboarding [4][5] Market Demand - There is increasing demand for HUB's AI-powered SDF product across various industries, particularly in crypto infrastructure, which requires compliant and programmable data management solutions [5][6] Geographic Expansion - HUB operates in six countries and has invested approximately $200 million into its platform, with plans for accelerated expansion in North America, driven by strong interest from U.S. and Canadian institutions [6]

Core Insights - HUB Cyber Security Ltd. has appointed Aviv Eyal as the Head of its new Digital Asset Infrastructure Division, reflecting its strategic commitment to secure infrastructure for the decentralized economy [1][2][3] - The new division aims to provide modular, secure solutions for digital asset firms, banks, and sovereign entities, addressing the growing demand for compliant and scalable infrastructure in decentralized finance [4][5] Company Overview - HUB Cyber Security Ltd. specializes in zero-trust confidential computing, secured data fabric infrastructure, and AI-native security orchestration, serving financial institutions, governments, and regulated enterprises [6] - Established in 2017 by veterans of the Israeli Defence Forces, the company operates in over 30 countries and focuses on cybersecurity solutions that protect sensitive information [6] Leadership and Expertise - Aviv Eyal brings over 20 years of experience in digital encryption and decentralized systems, having previously led innovation efforts at various ventures [3] - Under Eyal's leadership, HUB aims to integrate programmable privacy, AI supervision, and quantum-secure capabilities into its infrastructure [4] Product Development - The Digital Asset Infrastructure Division will enhance HUBC's existing Secured Data Fabric platform, which is already deployed in banking, defense, and government sectors [5] - Key product areas include Digital Trust Platforms, Secure Multiparty Computation for custody, Zero-Knowledge Proof Compliance Infrastructure, and Post-Quantum Encryption [7]

Core Insights - HUB Cyber Security Ltd. has signed a multi-year agreement with Kyrrex for perpetual KYC and compliance services, which will enhance its position in the compliance technology sector [1][4] - The agreement is expected to generate approximately US$25 million in recurring annual revenue for HUB, covering 1.2 million to 1.5 million customer entities starting July 1, 2025 [2][4] Group 1: Agreement Details - The agreement includes HUB's flagship Perpetual KYC (PKYC) solution, which offers continuous monitoring and automated risk scoring [2][3] - HUB will conduct "Regulatory Readiness Sprints" and provide ongoing Horizon Scanning-as-a-Service to ensure compliance with evolving regulations [3][4] Group 2: Company Background - HUB Cyber Security Ltd. specializes in AI-driven compliance technology and secured data infrastructure, operating in over 30 countries [7] - The company was founded by veterans of the Israeli Defense Forces and focuses on compliance automation and digital asset protection [7] Group 3: Kyrrex Overview - Kyrrex is a Malta-based regulated crypto ecosystem that aims to provide integrated financial services, including digital banking and access to traditional financial markets [5] - The company is transitioning to full MiCA compliance and pursuing additional licenses to enhance its service offerings [5]

Core Insights - HUB Cyber Security Ltd. has appointed Mr. Paul Parisi as Global Chief Revenue Officer to enhance its North American expansion and institutional market execution [1][3] - The appointment is part of HUB's long-term strategy to strengthen its enterprise presence and cater to the increasing demand from Fortune 1000 clients and financial institutions [1][3] Company Overview - HUB Cyber Security Ltd. specializes in zero-trust confidential computing and advanced secured data fabric technology, established in 2017 by veterans of the Israeli Defense Forces [4] - The company operates in over 30 countries, providing innovative cybersecurity solutions and secured data infrastructure for financial institutions, governments, and regulated enterprises [4] Leadership Background - Mr. Parisi brings over 25 years of experience in leading commercial organizations in regulated sectors, having previously served as President of PayPal Canada and held senior roles at American Express and Silicon Valley Bank [2][3] - His track record includes doubling transaction volumes at PayPal Canada and transforming Silicon Valley Bank into its fastest-growing market [2] Strategic Focus - Mr. Parisi will lead HUB's global revenue strategy with a focus on establishing enterprise sales frameworks and expanding compliance-aligned partner ecosystems [3] - The company aims to build a scalable, enterprise-grade business that drives long-term shareholder value through enhanced customer success infrastructure [3]

Core Viewpoint - HUB Cyber Security Ltd. has achieved full compliance with Nasdaq listing requirements, marking a significant milestone following strategic restructuring and improved financial execution [1][2]. Company Overview - HUB Cyber Security Ltd. is a global leader in confidential computing and advanced secured data fabric technology, established in 2017 by veterans of the Israeli Defense Forces [5]. - The company specializes in secured data infrastructure, providing solutions for secure AI operations, compliance automation, and digital asset protection for financial institutions and governments [5]. Compliance and Financial Performance - Nasdaq confirmed that HUB meets the minimum bid price and market value of listed securities thresholds, indicating successful compliance with Listing Rules [2]. - The company has undergone a period of strategic restructuring, which has led to improved financial execution and strengthened corporate governance [2]. Business Strategy and Growth - HUB has been executing a focused commercial expansion strategy, significantly growing its contracted revenue base and accelerating deployments across banking, government, and digital asset sectors [3]. - The company continues to sign new multi-year agreements with leading financial institutions and sovereign entities, expanding its presence in North America and Europe [4]. Product Development - HUB has introduced new AI-powered and quantum-resilient infrastructure solutions in response to rising client demand for secure and compliant solutions [3]. - The Secured Data Fabric platform, developed in partnership with BlackSwan Technologies, is emerging as a leader in highly secure data management and unification [5].

Core Viewpoint - HUB Cyber Security Ltd. has achieved full compliance with Nasdaq listing requirements, marking a significant milestone following strategic restructuring and improved financial execution [1][2]. Company Overview - HUB Cyber Security Ltd. is a global leader in confidential computing and advanced secured data fabric technology, established in 2017 by veterans of the Israeli Defense Forces [5]. - The company specializes in secured data infrastructure, providing solutions for financial institutions, governments, and regulated enterprises, and operates in over 30 countries [5]. Compliance and Financial Performance - Nasdaq confirmed that HUB meets the minimum bid price and market value of listed securities thresholds, indicating successful compliance with Listing Rules [2]. - The company has undergone strategic restructuring, which has led to improved financial execution and strengthened corporate governance [2]. Business Strategy and Growth - HUB has been executing a focused commercial expansion strategy, significantly growing its contracted revenue base and accelerating deployments in banking, government, and digital asset sectors [3]. - The introduction of new AI-powered and quantum-resilient infrastructure solutions has been a response to rising client demand for secure and compliant solutions [3]. Market Position and Agreements - HUB continues to sign multi-year agreements with leading financial institutions and sovereign entities, expanding its presence in North America and Europe [4]. - The company is positioned as a critical infrastructure provider to security-sensitive organizations, with momentum building across public and private sector channels [4].

Core Viewpoint - HUB Cyber Security Ltd. has achieved significant customer wins in high-risk, regulated industries, indicating strong demand for its cybersecurity solutions and services [1][2][3] Group 1: Customer Engagements and Financials - The new customer engagements, signed in Q1 2025, are collectively valued at over $1.5 million, highlighting HUB's growth in providing secure infrastructure [2] - Over 60% of HUB's annual revenue in FY2024 was derived from recurring contracts, primarily in financial services and critical infrastructure [3] Group 2: Strategic Focus and Market Position - The CEO of HUB emphasized the company's strategy of building long-term relationships in industries that require resilience, security, and compliance [3] - HUB is actively deploying its secured data infrastructure and confidential computing capabilities across North America and Europe, enhancing its position as a trusted cybersecurity partner [4] Group 3: Company Background - HUB Cyber Security Ltd. was established in 2017 by veterans of the Israeli Defense Forces and specializes in unique cybersecurity solutions for sensitive information [5] - The company's core product, the Secured Data Fabric (SDF), is designed to meet the needs of institutions requiring zero-trust environments and AI-driven compliance [3][5]

Core Insights - HUB Cyber Security Ltd. has reported significant year-over-year margin expansion and streamlined operations, positioning the company for scalable growth in 2025 [1][2] - The company has shifted its focus towards core strengths in secure data infrastructure for regulated industries, leading to improved financial performance [4][6] Financial Performance - Revenues for H2 2024 were $13.8 million, down from $17.6 million in H2 2023, reflecting a strategic pivot to optimize business mix [6] - Gross margin improved to 25.6% in H2 2024, up from 15.4% in H2 2023, indicating a positive impact from the strategic realignment [6] - Operating expenses decreased by 29% to $14.7 million in H2 2024 compared to $20.9 million in H2 2023, showcasing effective cost control [6] - Operating loss in H2 2024 was $11.1 million, a 38% improvement from the previous year, reflecting streamlined operations [6] Strategic Initiatives - The company has expanded into the banking sector, securing a €20 million digital banking modernization project with Cassa di Risparmio della Repubblica di San Marino S.p.A. [4] - HUB's Secured Data Fabric platform is being adopted by leading financial institutions, enhancing its role as a trusted partner in data modernization [5][11] - The company has resolved approximately $17 million in legacy liabilities and secured new financing on favorable terms, enhancing financial flexibility [6] Market Positioning - HUB's Secured Data Fabric technology consolidates data securely, enabling clients to navigate compliance challenges and protect sensitive information [9][10] - The company is witnessing growing interest across various sectors, including healthcare and transportation, indicating the versatility of its solutions [11][12] Leadership and Future Outlook - Recent leadership appointments aim to support HUB's expansion into new markets, with plans to further scale the leadership team [14] - The company is focused on building long-term trust and shareholder equity while delivering innovative solutions [8]