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 ...

Technology & Innovation - Trusted Execution Environments (TEEs) are evolving from crypto infrastructure to AI, establishing a hardware-secured trust layer [1] - This trust layer is crucial for sensitive data handling, private model utilization, and verifiable execution in AI [1] - The convergence of confidential computing and blockchains can foster enterprise trust in AI [1] Industry Focus - TEEs are expanding beyond blockchains to become a fundamental trust layer for AI applications [1] - The integration of TEEs and blockchains addresses critical trust gaps in the AI landscape [1]

Product & Technology - AMD EPYC™ processors enable infrastructure modernization and confidential computing for public sector organizations [1] - AMD provides secure architecture innovations for mission-critical workloads [1] Target Audience & Industry - Focuses on public sector organizations [1] Marketing & Legal - ©2025 Advanced Micro Devices, Inc [1] - AMD, the AMD Arrow Logo, are trademarks of Advanced Micro Devices, Inc in the United States and other jurisdictions [1]

Partnerships & Collaborations - CoinMarketCap (CMC) welcomes Super Protocol to its Web3 Accelerator program [1] - CMC Labs and Super Protocol are partnering to unlock the next chapter in Confidential AI for Web3 [2] - The partnership aims to create new tools at the intersection of AI, DeFi, and confidential computing [2] - These tools will be distributed through CMC's channels and community [2] Technology & Innovation - Super Protocol is building a new kind of AI cloud and marketplace that is confidential, verifiable, and unstoppable [1] - Super Protocol's Confidential Computing for AI Agents and Apps was spotlighted by NVIDIA [1] - The goal is to make privacy and verifiability a default for the next wave of Web3 builders [2]

Technology Innovation - Apple introduced "Private Cloud Compute" in October 2024, a new private AI technology for millions of devices [1] - Private Cloud Compute offers local device-level privacy and security on an untrusted remote server [1] - The technology enables developers to run sensitive, multi-tenant workloads with cryptographically-provable privacy guarantees at scale and at reasonable cost [1] Industry Impact - Private Cloud Compute represents a paradigm shift in confidential computing, making it mainstream [1] - The technology can be leveraged for data and AI applications where privacy and security are paramount [1] Key Personnel - Jonathan Mortensen, CEO of a stealth AI startup and Founder Fellow at South Park Commons, previously founded bit.io, a multi-cloud serverless PostgreSQL platform acquired by Databricks [1] - Prior to bit.io, Jonathan Mortensen led data science and engineering teams at BlueVoyant, designing high-volume data pipelines processing 50 million events per second [1]

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].

Financial Data and Key Metrics Changes - For the first half of fiscal year 2025, the company generated $67,000 in revenue, down from $119,000 in the same period of 2024, primarily due to customer delays in contract activities [29][22] - The operating loss for the period was $17,800,000 compared to a loss of $16,600,000 in the first half of fiscal year 2024, reflecting lower revenue and increased administrative expenses [32][34] - As of March 31, 2025, the company had cash and cash equivalents of $24,800,000 [34] Business Line Data and Key Metrics Changes - Revenue from the ARKit SKA platform as a service and ARKit Network Secure products totaled $52,400, with professional services and maintenance revenue at $14,500 for the period [30] - The company is transitioning from primarily enterprise sales to sales through channel partners, which affects revenue recognition timing [29] Market Data and Key Metrics Changes - The market for quantum-safe encryption is growing, with increasing awareness of the need for upgraded cryptography solutions due to the threat posed by quantum computing [5][7] - Significant contracts have been signed in the telecom and defense sectors, indicating a positive trend in market engagement [14][23] Company Strategy and Development Direction - The company is focused on delivering its technology to large enterprises and government customers, with a shift towards a subscription licensing model to align interests with customers [10][11] - Collaborations with major technology partners, such as Intel, are aimed at developing applications for confidential computing and enhancing product offerings [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing market awareness of quantum-safe encryption and the company's positioning to meet this demand [35][36] - The company anticipates that sales cycles will compress as it builds on existing customer relationships and leverages its technology in complex environments [48] Other Important Information - The company has made significant progress in product development and market penetration, with a disciplined approach to cost control [4][21] - The company is actively recruiting sales personnel with expertise in targeted verticals to capitalize on market opportunities [45] Q&A Session Summary Question: Are the deals that closed at or near the end of the fiscal period currently generating revenue? - The contract with the tier one network operator is a three-year contract, and revenue is expected to grow as end users are signed up [39] Question: What types of people is the company hiring for the sales team? - The company is hiring individuals with deep industry knowledge in telecom and defense sectors to enhance sales efforts [45] Question: Do you expect any increase in operating expenses to support new contracts? - The company does not foresee significant growth in operating costs in the near term, maintaining a focus on customer fulfillment with current staffing levels [54]

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]