HUB Security wins a NIS 4.2 million tender from the Israeli Ministry of Defense

Provides a business update on upcoming listings and advancements on NASDAQ

Tel Aviv, IsraelAnd the September 12, 2022 /PRNewswire/- Cyber ​​Security HUB (Israel) Limited (TASE: HUB), a developer of cybersecurity solutions and services for confidential computing (“main center“or the”a company‘), today informs its shareholders of the following progress:

  1. Proceed as planned following the filing of the last F-4 registration statement with the Securities and Exchange Commission, with listing expected before the end of 2022.

  2. A tender contract has been won with the Israeli Ministry of Defense to provide 4.2 million shekels The value of HUB’s products and services over the next three years.

  3. Receipt of first requests to publish HUB confidential computing solutions for a Swiss company with the expected total amount 18 million US dollars More than 3 years (in the context of TASE Report Reference #: 2022-01-061507).

HUB Security Logo

HUB Security Logo

About HUB Cyber ​​SecurityIsrael) Limited

HUB cyber securityIsraelLtd. (“HUB”) was founded in 2017 by veterans of the 8,200 and 81 elite intelligence units of the IDF. The company specializes in unique cybersecurity solutions that protect sensitive business and government information. The company has introduced an advanced cryptographic computing solution aimed at preventing malicious breaches at the hardware level while introducing a new suite of data theft prevention solutions. HUB operates in more than 30 countries and provides innovative cybersecurity computing devices as well as a wide range of cybersecurity services worldwide.

About Mount Rainier Acquisition Corp.

Mount Rainier Acquisition Corp. is a blank check corporation sponsored by DC Rainier SPV LLC, a Delaware LLC operated by Dominion Capital LLC, whose business objective is to bring about a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business with one or more.

forward-looking statements

Certain statements in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or future financial or operating performance of HUB or RNER. In some cases, you may identify forward-looking statements by terms such as “may,” “should,” “will,” “seem,” “expect,” “intend,” “estimate,” “expect” or “believe.” “future,” “forecast,” “probable,” “forecast,” “going forward,” or the cons or variations of these or similar terms, but the absence of these words does not mean that the statement is not forward-looking. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements.

These forward-looking statements are based on estimates and assumptions, although these are considered reasonable by HUB and its management, and RNER and its management, as the case may be, are inherently uncertain. These forward-looking statements are provided for illustrative purposes only and are not intended as a guarantee, confirmation, expectation, final statement or probability, and should not be relied upon by any investor. Actual events and conditions are difficult or impossible to predict and may differ from assumptions. Many actual events and circumstances are beyond the control of HUB or RNER. Factors that could cause actual results to differ materially from current expectations include, but are not limited to: (i) expectations regarding HUB’s strategies and future financial performance, including future business plans or objectives, potential performance, opportunities, competitors, revenues, products, services, pricing and operating expenses market trends, liquidity, cash flow, cash usage, capital expenditures and HUB’s ability to invest in growth initiatives and pursue acquisition opportunities; (ii) the occurrence of any event, change or other circumstances that could result in the termination of negotiations and any subsequent definitive agreements with respect to the proposed Transactions; (iii) as a result of any legal action that may be brought against RNER, HUB, the combined company or others after the proposed Transactions and any definitive agreements relating thereto have been announced; (iv) Inability to complete the proposed Transactions due to, among other things, failure to obtain shareholder approval of the RNER or HUB, obtain certain governmental and regulatory approvals or meet other closing conditions, including delays in obtaining, the adverse circumstances contained In, or the inability to obtain the necessary regulatory approvals or full regulatory reviews required to complete the proposed transactions; (5) Inability to obtain the necessary financing to complete the proposed transactions. (6) changes to the proposed structure of the proposed transactions that may be required or appropriate as a result of applicable laws or regulations or as a condition of obtaining regulatory approval for the proposed transactions; (7) The ability to meet the listing criteria on the stock exchange after the completion of the proposed transactions. (8) the risk that the announcement and completion of proposed transactions may disrupt the Centre’s existing plans and operations; (ix) the absence of a third party evaluation in determining whether or not the proposed transactions should be pursued; (x) the ability to recognize the expected benefits of proposed transactions, which may be affected, among other things, by competition, the joint company’s ability to grow and manage growth profitably, and to maintain relationships with customers and suppliers and retain its management and key employees; (11) Costs related to the proposed transactions. (12) that the value of any redemptions by holders of common stock of RNER is greater than expected; (13) Limited liquidity and stock trading of RNER and HUB; (14) geopolitical risks, including military action and related sanctions, and changes in applicable laws or regulations; (15) geopolitical risks, including military action and related sanctions and changes in applicable laws or regulations; (16) the possibility that RNER, HUB or the joint venture will be adversely affected by other economic, commercial and/or competitive factors; (17) Inaccuracy for any reason in the estimates of expenditures, profitability and expected financial information for the hub; and (18) other risks and uncertainties described in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in RNER’s final prospectus relating to its initial public offering of October 4, 2021.

Forward-looking statements speak only as of the date they are made. Nothing in this press release should be taken as an endorsement by any person that the forward-looking statements made in this document will be realized or that any of the expected results of such forward-looking statements will be realized. You should not rely excessively on forward-looking statements, which speak only as of the date they are made. Neither HUB nor RNER takes any duty to update these forward-looking statements.

Additional information about the deal and where to find it

In connection with the proposed transaction, the Center has submitted to the Securities and Exchange Commission (SEC) a registration statement on Form F-4 containing the proxy statement/prospectus, and after the registration statement has been declared valid by the SEC, RNER will send a final proxy statement/ Prospectus related to the proposed business group for its shareholders. This press release does not contain all information that should be considered in connection with the proposed transaction and is not intended to form the basis of any investment or other decision with respect to the proposed transaction. This press release is not a substitute for any registration statement or other document that HUB or RNER may submit to the SEC in connection with a proposed transaction. Investors and holders of securities are advised to read the preliminary power of attorney statement/prospectus and amendments thereto, final power of attorney statement/prospectus and other documents filed in connection with the proposed transaction, when available, as these materials will contain important information about the position, the RNER and the proposed transaction.

When available, the final proxy statement/prospectus and other relevant materials for the proposed transaction will be mailed to RNER shareholders as of a standard date to be set to vote on the proposed transaction. Shareholders will also be able to obtain copies of the initial proxy statement/prospectus, final proxy statement/prospectus and other documents filed with the SEC, free of charge, as soon as they become available, through the website maintained by the SEC at www.sec.gov.

Investors and security holders are urged to read carefully the documents filed with the SEC and in their collection as they become available as they will contain important information.

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SOURCE HUB Security

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