HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”), a developer of confidential computing cybersecurity solutions and services, is addressing the proceedings initiated by Dominion in the U.S. and Israel, including an application to the District Court of Tel Aviv to commence proceedings under Israeli insolvency law. “HUB considers Dominion’s action to be frivolous, entirely without merit, and an illegitimate attempt to pressure the company with respect to a commercial dispute pending in a New York court,” reads the press release. The announcement stated that HUB has filed a counterclaim in the New York court action, “alleging various misconduct by Dominion” and that HUB is “fully committed to defending its reputation and the integrity of its business operations through all necessary legal means.” HUB also reaffirmed its continued focus on innovation, customer satisfaction and market in the announcement. It further noted that the company remains on track to meet its business objectives for the year and that it remains steadfast in supporting its global clients.
To view the full press release, visit https://ibn.fm/9iX4Y
About HUB Security Ltd.
HUB Cyber Security (“HUB Security”) was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The company specializes in unique cybersecurity 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 as well as a wide range of cybersecurity services worldwide.
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