Hub Security Announces New CFO, a Key Appointment in Its Leadership Team
November 02 2023 - 7:35AM
via IBN -- HUB Cyber Security Ltd (Nasdaq: HUBC), a developer
of Confidential Computing cybersecurity solutions and services
("HUB Security" or the "Company"), is delighted to announce a
significant addition to its leadership team. The appointment will
be effective from November 19, 2023. Kobi Levi, a finance executive
with over 20 years of experience in global businesses, has been
appointed as the Chief Financial Officer (CFO) of Hub Security.
Levi's extensive background includes working with high-profile
tier-one tech companies such as Apple, Netflix, and Amazon.
In his previous role
as CFO of Dori Media Group Ltd., Levi successfully managed the
financial planning and analysis of the company, led M&A
transactions, fundraising efforts, and globalization procedures. He
brings a proven track record of delivering growth and scale to
businesses through financial and strategic planning, making him a
valuable asset to Hub Security's continued success.
"We are excited to
welcome Kobi Levi to Hub Security as our new CFO," said Uzi
Moskowitz, CEO of Hub Security. "His wealth of experience and
expertise in financial management and strategic planning will
undoubtedly strengthen our leadership team. Kobi's appointment
reflects our commitment to driving innovation and growth within our
organization."
About HUB Security Ltd.
HUB Cyber Security Ltd ("HUB Security") was established in 2017
by veterans of the elite intelligence units of the Israeli Defense
Forces. The Company specializes in unique Cyber Security 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.
Forward-Looking StatementsThis press release
contains forward-looking statements for purposes of the safe harbor
provisions under the United States Private Securities Litigation
Reform Act of 1995, including statements about the anticipated
benefits of the transaction, and the financial condition, results
of operations, earnings outlook and prospects of the combined
company. Forward-looking statements are typically identified by
words such as "plan," "believe," "expect," "anticipate," "intend,"
"outlook," "estimate," "future," "forecast," "project," "continue,"
"could," "may," "might," "possible," "potential," "predict,"
"seem," "should," "will," "would" and other similar words and
expressions, but the absence of these words does not mean that a
statement is not forward-looking.The forward-looking statements are
based on the current expectations of the management of HUB
Security, as applicable, and are inherently subject to
uncertainties and changes in circumstances and their potential
effects and speak only as of the date of such statement. There can
be no assurance that future developments will be those that have
been anticipated. These forward-looking statements involve a number
of risks, uncertainties or other assumptions that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking statements. These
risks and uncertainties include, but are not limited to, those
discussed and identified in public filings made with the SEC by the
HUB Security and the following: (i) expectations regarding HUB
Security's strategies and future financial performance, including
its future business plans or objectives, prospective performance
and opportunities and competitors, revenues, products and services,
pricing, operating expenses, market trends, liquidity, cash flows
and uses of cash, capital expenditures, and HUB Security's ability
to invest in growth initiatives and pursue acquisition
opportunities; (ii) the outcome of any legal proceedings that may
be instituted against the combined company; (iii) the ability to
meet stock exchange continued listing standards; (iv) the risk that
the consummation of the business combination disrupts HUB
Security's current operations and future plans; (v) the ability to
recognize the anticipated benefits of the transaction, which may be
affected by, among other things, competition, the ability of HUB
Security to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; (vi) costs related to the
transaction; (vii) limited liquidity and trading of HUB Security’s
securities; (viii) geopolitical risk, including military action and
related sanctions, and changes in applicable laws or regulations;
(ix) the possibility that HUB Security may be adversely affected by
other economic, business, and/or competitive factors; (x)
inaccuracies for any reason in the estimates of expenses and
profitability and projected financial information for HUB Security;
and (xi) other risks and uncertainties set forth in the section
entitled "Risk Factors" and "Cautionary Note Regarding
Forward-Looking Statements" in HUB Security’s final proxy
statement/prospectus filed on December 5, 2022.Should one or more
of these risks or uncertainties materialize or should any of the
assumptions made by the management of HUB Security prove incorrect,
actual results may vary in material respects from those expressed
or implied in these forward-looking statements.All subsequent
written and oral forward-looking statements concerning the business
combination or other matters addressed in this press release and
attributable to HUB Security or any person acting on their behalf
are expressly qualified in their entirety by the cautionary
statements contained or referred to in press release. Except to the
extent required by applicable law or regulation, HUB Security
undertakes no obligation to update these forward-looking statements
to reflect events or circumstances after the date of this press
release to reflect the occurrence of unanticipated events.
Wire Service Contact:IBNLos Angeles,
Californiawww.InvestorBrandNetwork.com310.299.1717
OfficeEditor@InvestorBrandNetwork.com
Hub Cyber Security (NASDAQ:HUBC)
Historical Stock Chart
From Jul 2024 to Jul 2024
Hub Cyber Security (NASDAQ:HUBC)
Historical Stock Chart
From Jul 2023 to Jul 2024