HUB Security Announces a $18m Framework Agreement to Provide Confidential Computing Hardware Solutions

0
156

TEL-AVIV, Israel, May 22, 2022 /PRNewswire/ — HUB Cyber Security (Israel) Limited (TASE: HUB), a Tel-Aviv based developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company”), announces that it has signed a long-term framework agreement with a leading European corporation to provide Confidential Compute hardware solutions expected to reach 18 million dollars in hardware and recurring services, including approximately 3.6 million dollars that are expected in revenues already in 2022.

As Hub Security’s CEO Eyal Moshe points out, “Our Confidential Computing solution has been in many pilots with leading enterprises and governments around the world for over a year. We are now gaining momentum in converting these pilots to actual transactions.” He added that he anticipates “that the upcoming $1.28 billion SPAC merger with Mount Rainier Acquisition Corp will improve our access to the US market and other markets, which is likely to further increase our sales. Our products are unique on the market and allow the customer to operate in the system even during a cyber attack”.

HUB Security was established in 2017 by veterans of Intelligence Units 8200…

Read More…