HUB Cyber Security Awarded Key Contract by the Israeli Airports Authority

This contract, valued at around $2 million, underscores ongoing expansion and successful integration after a recent acquisition.

TEL AVIV, Israel, May 02, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (Nasdaq: HUBC), a developer of confidential computing cybersecurity solutions and advanced data services ("HUB" or the "Company"), is pleased to announce a new contract awarded by the Israel Airports Authority. Under this three-year agreement, HUB will provide supervision services and engineering design consultancy at all Airports Authority sites across Israel.

This contract, valued at approximately $2 million, positions HUB to monitor key components vital for maintaining security and operational continuity at critical aviation sites nationwide. This win, achieved against ten other leading competitors, underscores its successful integration of recent acquisitions, enhancing its service capabilities and market reach.

Noah Hershcoviz, CEO of HUB, commented, "This contract underscores confidence in our operational excellence and our steadfast commitment to managing big data and cybersecurity. It reflects our strategic approach to driving growth and delivering significant shareholder value, highlighting the successful integration and synergy across our operations."

For further information or inquiries, please contact: [e-mail]

About HUB Security Ltd.

HUB Cyber Security Ltd ("HUB") 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 to prevent 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 and a wide range of cybersecurity services worldwide.

Forward-Looking Statements

This 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.