TEL AVIV, Israel, Feb. 04, 2026 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (Nasdaq: HUBC) (“HUB” or the “Company”), a global leader in confidential computing and secured data fabric technologies, today announced an open letter by its CEO, Noah Hershcoviz, to its shareholders. Dear Shareholders, HUB operates in environments where trust failure is not an option. The Company’s foundation is built on military-grade cybersecurity and Secured Data Fabric (“SDF”) infrastructure designed to secure, govern, and ope ...

Core Viewpoint - HUB Cyber Security Ltd. has appointed Limor Zur-Stoller as Chief Financial Officer to enhance financial governance and support the company's growth strategy in regulated data and digital assets [1][4]. Company Overview - HUB Cyber Security Ltd. is a global leader in confidential computing, AI-driven data fabric, and cybersecurity, partnering with Fortune 100 companies and global banks to secure digital infrastructure [5]. Leadership Appointment - Limor Zur-Stoller brings over 20 years of financial leadership experience, having held CFO and senior finance roles in various sectors including cybersecurity and biotechnology [2][3]. - As CFO, she will oversee financial reporting, capital markets activities, treasury, budgeting, and operational finance, focusing on enhancing transparency and aligning financial structure with long-term growth objectives [4]. Strategic Focus - The company aims to build foundational trust infrastructure for regulated and national-scale systems, with a commitment to strong financial governance and operational rigor [5].

Core Insights - HUB Cyber Security Ltd. has secured a NIS 16 million (approximately US$5 million) government contract from the Israeli Ministry of Interior, which is expected to generate approximately NIS 14.5 million (around US$4.5 million) in revenue over the next two years [1][3][4] Group 1: Contract Details - The contract will be executed through HUB's Professional Services division and is set to last up to two years, with potential extensions based on governmental terms and performance milestones [2] - The engagement involves the deployment, integration, and ongoing operational support of secure cyber and data protection capabilities within critical government environments [2] Group 2: Company Performance and Strategy - This award marks HUB's third governmental/institutional contract secured within the month, indicating strong demand for its capabilities across various customer segments and solution areas [3][4] - The CEO of HUB emphasized that the company's success is built on trust earned through execution and delivery, particularly in mission-critical systems where the margin for error is zero [4] Group 3: Company Overview - HUB Cyber Security Ltd. is recognized as a global leader in confidential computing, AI-driven data fabric, and cybersecurity, partnering with Fortune 100 companies, global banks, and sovereign institutions [5]

Core Viewpoint - HUB Cyber Security Ltd. has appointed Vineet Malhotra to its Board of Directors, enhancing its governance and capital framework as the company focuses on regulated banking and payments expertise while reaffirming its commitment to shareholder protection [1][3]. Board of Directors Update - The expanded Board of Directors now includes independent members with expertise in governance, finance, banking, payments, strategy, technology, capital markets, and regulatory affairs, reflecting HUB's focus on regulated infrastructure and risk-managed execution [2][3]. Appointment of Vineet Malhotra - Vineet Malhotra brings over 20 years of experience in regulated banking and payment platforms, having previously served as Managing Director and Global Head of Simplii Financial, which strengthens the Board's oversight in financial infrastructure and transaction systems [3][4]. Capital Framework and Shareholder Protection - HUB has published a proxy statement for shareholders to approve a reverse share split, emphasizing that such a move would only be considered to protect shareholder interests and maintain compliance with Nasdaq listing requirements [4][6]. Governance Framework Enhancement - The CEO of HUB stated that the governance framework is being strengthened to align with the scale and regulatory complexity of the systems being developed, with a focus on enhancing execution discipline, risk oversight, and long-term value creation [5][6]. Shareholder Approval for Capital Increase - HUB has received shareholder approval to increase its authorized share capital, which will provide flexibility for financing and strategic initiatives while ensuring appropriate shareholder protections [6].

Core Insights - HUB Cyber Security Ltd. announced selected financial results for the six-month period ended June 30, 2025, and outlined its strategy to become a global trust infrastructure for identity, secure data, and regulated AI across various industries and national ecosystems [1] Financial and Operational Highlights - Revenue for the first half of 2025 was $15.1 million, with a gross margin increase to 23%, up from 10% the previous year, indicating a structural shift towards higher-margin products [6] - Total assets rose to $73 million, reflecting the integration of Blackswan's intellectual property and platform technologies [6] - Shareholders' equity improved from $(81 million) as of December 31, 2024, to $(59 million) as of June 30, 2025, due to new equity issuances and liability reductions [6] Strengthening Capital Structure and Liquidity - The company executed a series of capital-structure and balance-sheet actions, including the restructuring and exchange of existing debt instruments, which reduced near-term obligations and improved financial visibility [6] - Year-to-date, HUB has extended, settled, and/or extinguished $22.85 million of legacy obligations, restructuring over 75% of its historical debt [6] Resolution of Legacy Matters - In November 2025, HUB reached settlement agreements resolving historical PIPE-related disputes from its 2023 business combination, which were approved by the Audit Committee and Board of Directors, pending shareholder approval [5] Management Commentary - Management emphasized that the first half of the year focused on rebuilding the company's foundation, expanding margins, strengthening liquidity, and removing legacy constraints, positioning HUB for greater operational discipline and financial resiliency [8] - The CEO highlighted that HUB's value is driven by the architecture being built rather than day-to-day market fluctuations, asserting that fundamentals are stronger than in recent years [9] Strategic Positioning - HUB's asset base includes approximately $40 million of consolidated intellectual property and technology assets, which are crucial for its secured data fabric and trust-infrastructure platforms [6] - The company aims to unify identity, data security, and AI governance into a single trust architecture for institutional and national-scale operations [10]

Core Insights - HUB Cyber Security Ltd. has launched HUB Compliance™, a next-generation compliance and regulatory oversight platform, currently deployed by leading European banks and expanding to North America, Asia, and the Middle East [1][2][3] Group 1: Product Overview - HUB Compliance™ integrates confidential computing, AI, and automation to enhance data governance and risk intelligence in real time, transforming AML/KYC processes and automating regulatory workflows for major banks [2][5] - The platform aims to operationalize trust at scale, helping financial institutions turn compliance from a cost center into a competitive advantage [5][6] Group 2: Technological Innovation - The solution is built on HUB's proprietary Secured Data Fabric, which allows for real-time compliance visibility and adaptive intelligence, evolving alongside regulatory changes [5][9] - HUB is committed to continuous R&D and plans to release new AI-driven modules and enhancements to its Secured Data Fabric in the near future [6][10] Group 3: Market Expansion - HUB Compliance™ is being offered to global financial institutions seeking improved compliance operations, with a focus on rapid onboarding and dynamic risk detection [7][9] - The platform has been validated by real-world feedback from Tier-1 banks, indicating its effectiveness in regulated environments [5][9]