HUB Safety Proclaims a $18m Framework Settlement to Present Confidential Computing {Hardware} Options

TEL-AVIV, Israel, Would possibly 22, 2022 /PRNewswire/ — HUB Cyber Stability (Israel) Constrained (TASE: HUB), a Tel-Aviv dependent developer of Confidential Computing cybersecurity choices and providers (“HUB” or the “Group”), declares that it has signed a long-term framework settlement with a high European firm to ship Confidential Compute elements choices anticipated to entry 18 million kilos in {hardware} and recurring corporations, together with roughly 3.6 million {dollars} which are envisioned in revenues presently in 2022.

HUB Security Emblem

As Hub Safety’s CEO Eyal Moshe components out, “Our Confidential Computing different has been in quite a few pilots with main enterprises and governments across the globe for above a yr. We at the moment are getting momentum in changing these pilots to true transactions.” He extra that he anticipates “that the upcoming $1.28 billion SPAC merger with Mount Rainier Acquisition Corp will improve our entry to the US market and different markets, which might be to extra maximize our product sales. Our merchandise are particular on the trade and permit for the patron to run within the system even throughout a cyber assault”.

HUB Stability was based in 2017 by veterans of Intelligence Items 8200 and 81, similar to Eyal Moshe, who serves because the agency’s CEO. A lot of months again, the company signed a binding settlement with the Mount Rainier Acquisition Corp ( RNER) traded on the Nasdaq, for a merger envisioned to execute this 12 months. .

Hub Safety’s cyber system is meant and created in Israel and delivers armed service-quality safety for organizations. The enterprise focuses on guarding delicate skilled details of organizations and has created an superior encrypted computing answer aimed toward blocking hostile intrusions in companies.  Along with cyber safety options for AI, knowledge, fintech, and edge computing, HUB Security supplies expert services which incorporates integration, pen-assessments., pink-teams options, DDoS atacks simulations and rather more.

About HUB Cyber Safety (Israel) Minimal

HUB Cyber Safety (Israel) Constrained (“HUB”) was acknowledged in 2017 by veterans of the 8200 and 81 elite intelligence fashions of the Israeli Protection Forces. The corporate focuses on unique Cyber Security solutions defending delicate enterprise and governing administration information. The company debuted an extremely developed encrypted computing decision aimed toward defending towards hostile intrusions on the elements stage when introducing a novel set of information theft prevention options. HUB operates in above 30 nations and presents fashionable cybersecurity computing home equipment as very nicely as a broad array of cybersecurity services all through the world.

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About Mount Rainier Acquisition Corp.

Mount Rainier Acquisition Corp. is a clean take a look at firm sponsored by DC Rainier SPV LLC, a Delaware confined obligation enterprise managed by Dominion Funds LLC, whose small enterprise cause is to influence a merger, share alternate, asset acquisition, inventory purchase, reorganization or an identical enterprise combination with simply a number of companies.

Forward-Searching for Statements

Explicit statements supplied on this press launch aren’t historic specifics however are forward-looking statements for functions of the risk-free harbor provisions under the US Personal Securities Litigation Reform Act of 1995. Ahead-searching statements generally relate to future capabilities or HUB’s or RNER’s future monetary or functioning performance. In some conditions, you possibly can determine forward-on the lookout statements by terminology similar to “might”, “should”, “would”, “look like”, “rely on”, “intend”, “will”, “estimate”, “foresee”, “imagine”, “foreseeable future”, “predict”, “seemingly,” “forecast” or “proceed”, or the negatives of those phrases or variations of them or equal terminology, however the absence of those phrases doesn’t imply {that a} assertion isn’t ahead-seeking. This sort of forward-seeking statements are matter to pitfalls, uncertainties, and different issues that might induce true remaining outcomes to vary materially from these expressed or implied by this kind of forward looking out statements.

These ahead-wanting statements are primarily based totally on estimates and assumptions that, whereas deemed acceptable by HUB and its administration, and RNER and its administration, because the scenario is perhaps, are inherently not sure. These forward-looking statements are equipped for illustrative functions solely and aren’t supposed to supply as, and need to not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of easy truth or likelihood. Actual events and cases are sophisticated or troublesome to foretell and will presumably differ from assumptions. A number of true occasions and cases are past the regulate of HUB or RNER.  Issues that will nicely trigger actual results to vary materially from current expectations embody, however aren’t restricted to: (i) anticipations on the subject of HUB’s approaches and upcoming fiscal performance, together with its upcoming small enterprise designs or aims, attainable performance and alternatives and rivals, revenues, gadgets and corporations, pricing, operating payments, sector tendencies, liquidity, money flows and makes use of of money, capital bills, and HUB’s means to make investments in enlargement initiatives and pursue acquisition probabilities (ii) the occasion of any event, change or different scenario that might give improve to the termination of negotiations and any subsequent definitive agreements with respect to the proposed transactions (iii) the results of any authorized proceedings that will presumably be instituted towards RNER, HUB, the Put collectively Firm or many others subsequent the announcement of the proposed transactions and any definitive agreements with respect thereto (iv) the incapability to finish the proposed transactions attributable to, between different points, the failure to realize acceptance of the stockholders of RNER or HUB, to acquire chosen governmental and regulatory approvals or to fulfill different circumstances to closing, which embody delays in getting, antagonistic circumstances contained in, or the shortcoming to pay money for very important regulatory approvals or end regulatory opinions wanted to finish the proposed transactions (v) the shortcoming to accumulate the funding wanted to consummate the proposed transactions (vi) modifications to the proposed development of the proposed transactions which may be required or acceptable because of related laws or restrictions or as a ailment to getting regulatory approval of the proposed transactions (vii) the flexibility to fulfill stock commerce itemizing expectations adhering to the consummation of the proposed transactions (viii) the hazard that the announcement and consummation of the proposed transactions disrupts HUB’s present-day packages and operations (ix) the shortage of a 3rd get collectively valuation in figuring out irrespective of whether or not or to not go after the proposed transactions (x) the potential to acknowledge the anticipated benefits of the proposed transactions, which is perhaps impacted by, amongst different components, opposition, the potential of the Mixed Enterprise to enhance and care for progress profitably, handle interactions with buyers and suppliers and retain its administration and important workers (xi) expenditures related to the proposed transactions (xii) the sum of any redemptions by current holders of RNER’s frequent inventory staying higher than predicted (xiii) minimal liquidity and shopping for and promoting of RNER’s and HUB’s securities (xiv) geopolitical likelihood, along with armed forces motion and comparable sanctions, and alterations in relevant authorized pointers or legal guidelines (xv) geopolitical risk, which incorporates armed forces motion and comparable sanctions, and changes in related guidelines or laws (xvi) the chance that RNER, HUB or the Merged Company might presumably be adversely impacted by different financial, firm, and/or aggressive variables (xvii) inaccuracies for any rationale within the estimates of fees and profitability and projected financial details for HUB and (xviii) different dangers and uncertainties established forth within the section entitled “Risk Variables” and “Cautionary Observe Regarding Forward-Looking Statements” in RNER’s closing prospectus referring to its first public that includes dated Oct 4, 2021.

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Forward-searching statements discuss solely as of the day they’re constructed. Nothing on this push launch actually needs to be thought to be a illustration by any explicit individual that the forward-looking statements established forth herein might be reached or that any of the contemplated results of those forward-wanting statements might be obtained. You shouldn’t location undue reliance on forward-wanting statements, which communicate solely as of the day they’re manufactured. Neither HUB nor RNER undertakes any obligation to replace these ahead-looking statements.

Added Info Concerning the Transaction and The place to Get hold of It

In relationship with the proposed transaction, HUB intends to file with the SEC a registration assertion on Sort F-4 that comprises a proxy assertion/prospectus, and following the registration assertion is said profitable by the SEC, RNER will mail a definitive proxy assertion/prospectus referring to the Proposed Firm Combination to its stockholders. This press launch doesn’t comprise all the data that needs to be thought to be concerning the proposed transaction and isn’t meant to type the idea of any monetary funding conclusion or every other conclusion in respect of the proposed transaction. This press launch isn’t an alternative to any registration assertion or for every other doc that HUB or RNER might nicely file with the SEC in reference to the proposed transaction.  Patrons and stability holders are suggested to look at, when obtainable, the preliminary proxy assertion/prospectus and the amendments thereto and the definitive proxy assertion/prospectus and different information filed in hyperlink with the proposed transaction, as these provides will comprise essential knowledge about HUB, RNER and the proposed transaction.

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When provided, the definitive proxy assertion/prospectus and different associated merchandise for the proposed transaction might be mailed to stockholders of RNER as of a doc date to be arrange for voting on the proposed transaction. Stockholders may even be ready to get copies of the preliminary proxy assertion/prospectus, the definitive proxy assertion/prospectus and different information submitted with the SEC, with no demand, when obtainable, by way of the location managed by the SEC at www.sec.gov.

Patrons AND Stability HOLDERS ARE URGED TO Examine THE Recordsdata Filed WITH THE SEC Diligently AND IN THEIR ENTIRETY WHEN THEY Flip into Provided Just because THEY WILL Comprise Important Information.

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Useful resource HUB Safety