HUB Cyber Security (Nasdaq: HUBC) Secures Estimated $25M Annual Recurring Revenue from Perpetual KYC Contract Supporting Strategic Crypto Merger

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]