Hub Cyber Security Ltd.

HUB began operations in 1984 as A.L.D. Advanced Logistics Development Ltd. ( ALD ) and is engaged in developing and marketing quality management software tools and solutions. HUB Cyber Security TLV Ltd. ( HUB TLV ) was founded in 2017. On February 28, 2021, HUB TLV and ALD signed a share swap merger agreement, pursuant to which HUB TLV became a wholly owned subsidiary of ALD and the shareholders of HUB TLV owned 51% of ALD’s issued and outstanding share capital (the ALD Merger ). The ALD Merger was completed on June 21, 2021 and ALD later changed its name to Hub Cyber Security (Israel) Ltd. and later to Hub Cyber Security Ltd. Following the ALD Merger, we developed unique technology and products in the field of confidential computing, with the intention to be a significant player in the cyber security industry. As of March 1, 2023, HUB began trading on Nasdaq following the completion of the Business Combination Agreement with Mount Rainier Acquisition Corp. In November 2023, HUB began to collaborate with BlackSwan Technologies, Inc. ( BST ) with the goal of becoming a significant player in the secured data fabric industry. BST’s technologies and solutions were mostly needed by government entities, banks and financial institutions, and large regulated enterprises. Pursuant to this collaboration, we began integrating BST technology with HUB technology and we were granted rights to utilize deliverables created under the collaboration, along with a license to access and use certain of BST’s intellectual property.