Hugo Goldman to stay with the company to ensure an orderly transition
TEL AVIV, Israel, Aug. 17, 2023 (Globe Newswire) — HUB Security (NASDAQ: HUBC), developer of Confidential Computing cybersecurity solutions and services (“HUB Security” or “we”), today announced that: Hugo Goldman announced: He has resigned from his position as chief financial officer with immediate effect to pursue other interests. Mr. Goldman will continue to be employed by the Company through September 30, 2023 as an advisor to ensure an effective transition of duties. We immediately began a worldwide search for a new Chief Financial Officer with both high qualifications and strategic fit. The Company’s Vice President of Finance, Lior Davidson, will serve as Interim CFO until a permanent replacement is hired.
Uzi Moskovich, CEO of HUB Security, said: “On behalf of everyone at HUB Security, I would like to thank Mr. Hugo for his leadership and contributions to the company as CFO. We have been fortunate enough to have a talented and experienced executive like Hugo here to help us navigate the complex Annual Report submission on Form 20F. This is a testament to the dedication and expertise of Hugo and the finance team despite the difficult time it took to reach our goal.He has a proven team who will continue to support us in the future. We remain and wish Hugo every success in his future endeavours.”
Mr Goldman said: “I am honored to have played a key role in the leadership team that drove HUB Security’s success in its transformation into a Nasdaq listed company. I believe I am well positioned in the confidential computing space with opportunities for global growth.I am very grateful to our company for the experience and opportunities I have gained during my tenure.I am also grateful to Hub Security. I would also like to thank our dedicated finance team and global associates who believed in our vision and worked hard.We look forward to contributing to a smooth transition and wish the company the best of luck in the future.”
The Company will work to promptly report its first half results for the year ending June 30, 2023. Afterwards, we look forward to holding a conference call to discuss past events, current conditions and future prospects. Meanwhile, the company continues its strategy, routine and mission to disrupt the market with its classified computing platform.
About HUB Cyber Security
HUB Security was founded in 2017 by veterans of the Israel Defense Forces’ 8200 and 81 Elite Intelligence Units. The company specializes in unique cyber security solutions that protect sensitive commercial and government information. The company debuted an advanced cryptographic computing solution aimed at preventing hostile intrusions at the hardware level while introducing a new set of data theft prevention solutions. HUB He operates in over 30 countries, providing innovative cybersecurity computing appliances and a wide range of cybersecurity services worldwide. Learn more about. https://hub security.com/
Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding Hub Security’s financial condition, results of operations, earnings prospects and prospects. contains a description of Forward-looking statements generally use the words “plans,” “believes,” “anticipates,” “anticipates,” “intends,” “outlooks,” “estimates,” “future,” “anticipates,” “plans,” ”, “Plan”, etc. “”continue”, “may”, “might”, “might”, “may”, “may”, “predict”, “seem”, ” “should”, “will”, “will” and other similar words and expressions provided that the absence of these words implies that the statement is forward-looking not.
Forward-looking statements, as applicable, are based on HUB Security’s management’s current expectations and are inherently subject to uncertainties and changes in circumstances and their potential impact. , stated only as of the date of such statement. There is no guarantee that future developments will be as anticipated. These forward-looking statements involve a number of risks, uncertainties or other risks that could cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. Contains assumptions. These risks and uncertainties include, but are not limited to, the risks discussed and identified in HUB Security’s public filings with the SEC and: (i) expectations regarding HUB Security’s strategy and future financial performance, including future business plans and goals, anticipated performance and opportunities, competitors, revenue, products and services, pricing, operating expenses, market trends, liquidity, cash flow and use of cash, capital expenditures, and HUB Security’s ability to invest in growth initiatives and pursue acquisition opportunities, (ii) as a result of legal proceedings that may be brought against HUB Security, and (iii) (iv) the risk that the completion of the business combination will disrupt HUB Security’s current operations and future plans; the ability of HUB Security to profitably manage its growth and growth, maintain relationships with its customers and suppliers, and retain control and keys to them; (vi) in connection with the transaction; (vii) limited liquidity and trading in HUB Security securities, (viii) geopolitical risks, including military action and related sanctions and changes in applicable laws and regulations, and (ix) HUB Security. may be adversely affected by other economic, business and/or competitive factors;(x) the inaccuracy of HUB Security’s cost and profitability estimates and projected financial information for any reason; (xi) as described in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in HUB Security’s Annual Report on Form 20-F filed on August 15, 2022; Other risks and uncertainties that are
If one or more of these risks or uncertainties materializes, or if any of the assumptions made by HUB Security’s management proves to be incorrect, actual results may differ from those forward-looking statements. It may differ in material respects from those expressed or implied in the description.
All subsequent written and oral forward-looking statements made by or on behalf of HUB Security regarding the matters discussed in this press release are expressly indicated by the cautionary statements contained or referenced in the press release in their entirety. qualified. Except to the extent required by applicable law or regulation, HUB Security does not make these forward-looking statements to reflect events or circumstances after the date of this press release, to reflect the occurrence of unforeseen events. We undertake no obligation to update any statements relating to
Investor contact:
Mark P. Griffin
HUB Security ICR, Inc
Marc.Griffin@ICRinc.com
Media contact:
hub security
Gili Nizani
gili.nizani@hubsecurity.io