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Apple Shareholder Demands More Transparency on China; Seeks Removal of Tim Cook, Al Gore from Board of Directors

National Legal & Policy Center

Ahead of Apple Inc. ’s annual meeting on March 10, National Legal and Policy Center is calling upon its fellow shareholders in the company to support its proposal to provide greater transparency about its risks of doing business in China, and to join the organization to oppose the reelections of CEO Tim Cook and former U.S. Vice President Al Gore to the board of directors. NLPC is sponsoring a “Communist China Audit” resolution at the meeting, which seeks an annual report to shareholders that addresses “the nature and extent to which corporate operations depend on, and are vulnerable to, communist China….” The item is Proposal No. 6, found on page 82 of Apple’s proxy statement. NLPC’s response to the Apple board’s opposition to its proposal was filed with the Securities and Exchange Commission in mid-February. NLPC also reported to the SEC last month its opposition to the reelections of Cook and Gore to the company’s board of directors. An excerpt from NLPC’s filing on Cook says: Since taking over as CEO in 2011, Mr. Cook has failed numerous times to live up to what he says are Apple’s ethical standards, and he has made multiple strategic mistakes that have cost the company billions of dollars. These include labor rights failures, privacy violations, and overreliance on China. But he is shielded from accountability, in part because of his position on Apple’s board. He should be removed as a director so the proper chain of command can be restored. An excerpt of NLPC’s filing on Gore states: Mr. Gore has held a position on Apple’s board since 2003, despite having no relevant experience in technology or core business functions. His primary benefit to the board is his supposed climate change expertise. However, Mr. Gore’s public reputation is inconsistent with his track record, his carbon-intensive lifestyle, and his actual investments. Instead, he has used his public advocacy as a tool for personal enrichment. In addition, his political activism poses to Apple a reputational risk that is not worth his limited skillset. “It may be counterintuitive for shareholders to ‘upset the Apple-cart’ with our proposed changes, since the company is always among the highest valued in the world,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “But Corporate America is slow to recognize the threat from China, just like companies were caught by surprise by Russia’s invasion of Ukraine, and had to scramble to exit suddenly.” “We don’t want to see a repeat if the saber-rattling communist government actually attacks Taiwan,” Chesser added. “Tim Cook was blindsided by China’s ‘zero COVID’ crackdowns last year and Apple’s holiday sales suffered greatly as a result, so he needs a ‘time-out’ while the board monitors his leadership further. And at this point Al Gore is a cartoon caricature who is routinely mocked and scorned – he needs to go as well.” ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

March 01, 2023 12:30 PM Eastern Standard Time

Fibernet Announces Partnership with Panamerica Computers, Inc. dba PCi Tec

1BusinessWorld

Fibernet has been at the forefront of fiber optic application development for more than three decades. The company, headquartered in Israel, has been a main leader in the Israel fiber optics revolution, covering telecom, hi-tech, medical, corporate, government, military, and other vertical markets. Fibernet is globally recognized for their specialized work with the CERN Collider, one of the most advanced physics research projects ever undertaken. The company took part in four of the eight experiments of the collider, CMS, ATLAS, LHCb and ALICE and received 3 awards from CERN for participation in those projects. As a result of growing geo-political cyber-threats and the demand for both secure fiber alongside KVM, AV, and multi-media cybersecurity products, Fibernet has decided to accelerate their international growth and expand into the U.S. market. For that effort, Fibernet is building a fortified network of service providers, engineering experts, and value-added federal partners to develop and support their projects. Fibernet is very excited to announce that they are commencing the US partnership expansion with PCi-Tec, in business since 1993, which has become a leading and highly trusted national information technology (IT) solution and services provider across the Federal government. “Cyber-risks of data theft and network infection are huge when companies use uncontrollable computer peripherals or products that have been manipulated or tampered with. Physical security protects you in a way that software security cannot. Fibernet cybersecurity products are approved and certified by Israeli regulators and adhere to strict regulations and standards. Government, defense, and finance organizations (among other vertical markets) in Israel use Fibernet cybersecurity products extensively, and we now bring our experience to the United States. We are happy to integrate Israeli cyber technologies for federal needs in partnership with our responsible partner,” said Avner Aslan, CEO, Fibernet. “PCi Tec is thrilled to be selected by Fibernet as their leading federal partner," according to John Bruton, PCi Tec Vice President, Federal Sales. "In today's digital environment, everything is vulnerable. There is a critical need for security by design for data centers. That is particularly true when the government and its information are involved, ranging from networks and workstations to AV and multi-media peripheral hardware devices. Fibernet brings a vital level of added cybersecurity protection to all devices. PCi Tec is eager to bring Fibernet's powerful portfolio of cybersecurity solutions to make our federal clients safer." All news and content distribution in partnership with News Direct About Fibernet LTD: Our knowledge, experience, and creativity in the fields of cybersecurity and fiber optic applications are at your service. Designing your greatness means partnering with you to find and then implement the solution that is right for you, no matter how simple or complex.Founded in 1993, Fibernet expertise spans the range from specialty fibers to telecommunications infrastructure, high mix low volume or large, even world-famous, projects in multiple business sectors. Fibernet About PCi Tec PCi Tec: Service, Quality and Value to Inspire, Innovate and ConnectPanamerica Computers, Inc., dba PCi Tec, was established in 1993. From humble beginnings, it has evolved into a leading national information technology (IT) solution and services provider across the Federal government. PCi Tec is a Historically Underutilized Business Zone (HUBZone) firm certified by the U.S. Small Business Administration (SBA), a Small Disadvantaged Business (SDB) and a Small Women Owned Business certified by the U.S. Women's Chamber of Commerce.PCi Tec's solutions range from satisfying the most basic IT hardware and software needs to addressing some of the government’s most complex IT requirements and challenges. PCi Tec's primary technology domains include cybersecurity, data center, and data analytics as well as end-user technologies.PCi Tec offers a wide variety of GWAC, IDIQ, and BPA vehicles to its customers. These vehicles are designed to streamline the federal procurement process, making it fast and easy for customers to purchase the most advanced technologies. PCi Tec also works with leading systems integrators in support of federal programs. About 1BusinessWorld 1BusinessWorld is a global business ecosystem, network and marketplace that provides entrepreneurs, business owners and professionals with the information, tools, resources and connectivity needed to succeed throughout their company’s growth journey, toward a better business world. Our vision is based on the reality that we live, work and do business in one global interconnected business environment, and hence our motto: “One World, One Business World”. Our mission is to encourage and support global communication and collaboration among entrepreneurs, professionals, and businesses. 1BusinessWorld Contact Details Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

March 01, 2023 12:05 PM Eastern Standard Time

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Part 5 of Legal & General’s new study on the U.S. Gig Economy analyzes the relationship between freelancing and free-thinking and the independent mindset that drives independent workers

Legal & General

- 1 in 5 respondents say they could not work in a corporate setting - 61% say working when they want is the most important consideration - 56% say doing the work they want to do is the main benefit - 40% of gig workers have life insurance, including those with partners and children - Just 2% say they want to leave the gig economy as soon as possible A fifth segment of a broad new study sponsored by Legal & General Group ( LGEN, LGNNY ), U.S. Gig Economy, Part 5: Gig Workers’ independent mindset opposes corporate team-think, was released today. The report continues narrating original research on the changing nature of work in the U.S., people’s relationship to it, and what employers should be thinking about in order to attract back talent. The study looks into shared traits manifested by this group of workers notwithstanding the tradeoffs they sometimes make in order to maintain their independence. This fifth report in the data-rich study, Gig Workers’ independent mindset opposes corporate team-think, explores some of the attitudes common to the gig working mindset, and how they often find themselves bucking the tide of traditional employment even amid the challenge of labor-related legislation such as California’s AB5 and New York State’s S2052. With more than half (53 percent) of study respondents saying that not having a boss is the main benefit of gig work—a figure that rises to 63 percent among non-office workers—there is a sense of purpose and moral choice as much as necessity among many freelancers. The study found that the vast majority of gig workers have long since made their peace with earning most of their living working independently. Verbatim responses received ahead of the survey paint a picture of fierce, sometimes humorous independence, and in some cases a libertarian point of view. Controlling what work they do and when they work, and negotiating their own pay, are highly valued aspects of being able to work this way. “Even as we see companies developing a sense of purpose beyond profit, a large percentage of American gig workers have been reflecting this trend in microcosm. When it comes to how they earn their living, they land hard on the side of purpose, individualism and free thinking. With the ranks of freelancers growing, large employers will clearly have to take a good hard look at what they are offering their salaried workers beyond a steady paycheck. The labor environment is changing, and the private sector, increasingly looking to be agile, needs to change with it.” Sir Nigel Wilson, Chief Executive, Legal & General Group Gig workflow sometimes at odds with government intervention Legal & General’s study looks at the complex and multifaceted societal and financial factors behind independent work, including the implications of recent government policy initiatives and gig workers’ attitudes toward them, as well as what is still missing for many to feel secure in life and society. “U.S. policymakers are taking notice of the growing gig economy and are clearly trying to enact changes intended to protect these workers from exploitation. It will be interesting to see the balance that needs to be achieved between offering a safety net to this worker population, while maintaining those same freedoms that motivated them to work independently in the first place. We hope our research can help inform this conversation, even as we progress toward better social and financial safety nets.” John Godfrey, Director of Levelling-Up, Legal & General Group Future segments of this research will look in depth at gig workers’ outlook and financial situation around retirement planning; what it would take to get gig workers to go back to the traditional workplace; and a closer look at the pandemic fallout for gig workers. To receive a pdf of any of these reports, please email Meir Kahtan/MKPR at mkahtan@rcn.com. Notes to editors The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. About the Study Legal & General undertook proprietary research into the attitudes and changes U.S. gig workers are experiencing in relation to their work situations and financial outlook. The U.S. Gig Economy research was compiled using original survey data from 1044 U.S.-based workers aged 18 to 60 who are neither students nor retired, and who earn at least 60% of their income from gig work. The data was collected via online survey fielded to individuals sample sourced from YouGov’s US panel. The Legal & General-designed survey was scripted and hosted on Gryphon, YouGov’s proprietary survey scripting platform, and the field work took place between August 19 and 31, 2022. Key demographics such as age, gender and region were allowed to fall out naturally. 20 questions were designed to understand facts about earnings, drivers of and barriers to gig working, financial product ownership & financial capacity when coming across adverse situations, and future expectations of being involved in the gig economy. Verbatim comments were captured by Legal & General in research carried out in June 2022. About Legal & General Group Established in 1836, Legal & General ( LGEN, LGNNY ), is one of the UK's leading financial services groups and a major global investor, with over £1.4 trillion ($1.7 trillion) in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone. *as of December 31, 2021 The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. Contact Details Meir Kahtan Public Relations, LLC Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.legalandgeneralgroup.com/

March 01, 2023 10:30 AM Eastern Standard Time

News Release

Terran Orbital CEO named to Forbes Technology Council

Terran Orbital

Terran Orbital chairman and CEO Marc Bell joined Natalie Stoberman from the Proactive studio to share his thoughts on his recent acceptance into the Forbes Technology Council. The council is an invitation-only community for world-class CIOs, CTOs, and technology executives. As a council member, Bell will have the opportunity to connect and collaborate with other respected local leaders in a private forum, as well as share his expert insights in original business articles on Forbes.com. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

March 01, 2023 09:11 AM Eastern Standard Time

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GET Mobile ID is now accepted at TSA PreCheck®

GET Group North America

The Transportation Security Administration (TSA), Utah Driver License Division (DLD) and GET Group North America announced today that TSA will now accept Utah mobile driver’s licenses (mDLs) via the GET Mobile app as a valid travel credential in TSA PreCheck lines at select airports around the country. Utah’s Salt Lake City International Airport (SLC), PHX, BWI, DCA, DFW, MIA and ATL are among the dozen domestic airports where mDLs are now accepted by TSA. Travelers at these and other locations can share their Utah-issued mDL on either an iOS or Android device. This marks the first time that travelers can use an mDL on an Android device at TSA checkpoints, as well as an expansion of where TSA accepts mDL credentials. Utahns interested in acquiring their mDL can do so through the Utah DLD website. “You can now go wallet-free in SLC,” said Alex Kambanis, president and managing director at GET Group North America. “We are excited to work with TSA and other entities as they recognize the efficiency, enhanced security, and privacy of mobile driver licenses. We’re proud to offer an mDL as an option for Utahns at SLC and other airports nationwide.” The Utah DLD, in collaboration with other state agencies and GET Group NA, launched Utah’s mDL program in 2021. Utah mDL is now available to every cardholder in Utah, and thousands of Utahns have opted in. Utah is the first state in the U.S. to launch a production mDL that is fully compliant with ISO 18013–5 — the international standard that ensures global acceptance as legal ID and allows information such as name or age to be confirmed without the mobile phone ever changing hands. “Utah residents can save time at participating airports when they use their mDL at TSA PreCheck, because they don’t need to present any other documents,” said Chris Caras, director of the Utah Driver License Division. “This is a big step forward in the acceptance of mDLs in Utah; one that we expect will increase the number of Utahns who opt into the program out of a desire for convenience, security, and ownership of their identification.” GET Mobile ID gives users control over their ID by allowing users to select what specific information is shared when presenting their mDL. The app also ensures that only the cardholder can track when or where their mDL is used. The Utah Mobile Driver’s license is available to all Utahns with a valid ID. TSA endorsed the concept of the mobile driver’s license in April 2021 with a notice in the Federal Register and by announcing a request for information regarding mobile driver’s licenses. Accepting mobile driver’s licenses is one of the steps TSA is taking under the Executive Order on Transforming Federal Customer Experience and Service Delivery. TSA is interested in potential gains in efficiency, as well as the security and privacy enhancements provided by mobile driver’s licenses compared to physical cards. Additionally, contactless ID will have health and safety benefits, protecting both the public and TSA Officers. For more information, visit http s://mobiledl.us/states/utah-mdl/ About GET Group North America With over 30 year's experience, GET Group has worked with governments around the world and enabled them to deliver passports, driver’s licenses and other high assurance identity documents. GET is a world leader in the issuance and verification of Mobile IDs and Mobile Driver’s Licenses. The company invests in the latest technologies to deliver modernized solutions to minimize customers’ risks and solve critical challenges, while innovating to combat fraud and produce privacy centric identity solutions people trust. Contact Details GET Group North America GET Press Team +1 781-609-8042 press@getgroupna.com Company Website https://getgroupna.com

March 01, 2023 08:30 AM Eastern Standard Time

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ARway sees a wave of demand for its software development kit as it announces seven new deals

ARway

ARway Corporation CEO Evan Gappelberg joined Proactive's Stephen Gunnion with news of seven new deals for the company's Software Development Kit (SDK). Gappelberg said the company has experienced a wave of demand since its SDK was released, from resellers, enterprise corporations and brands, with the disruptive technology expected to drive significant revenue in 2023. He also discussed a pilot contract ARway has landed with the largest car rental network in South America, with over 452 locations. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 01, 2023 08:14 AM Eastern Standard Time

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Nextech AR Solutions seeing a 'new tempo' of 3D modeling contract wins as it looks to a record 1Q

Nextech AR Solutions Corp.

Nextech AR Solutions Corp. CEO Evan Gappelberg told Proactive's Stephen Gunnion the first quarter of 2023 is currently tracking to be a record quarter for 3D modeling thanks to the company’s groundbreaking generative AI technology. Gappelberg said record 3D modeling demand and record production capabilities are expected to drive record 2023 revenue for the 3D model business in eCommerce. He said he is seeing a "new tempo of 3D contract wins" away from Amazon after it became a preferred 3D model supplier to the eCommerce giant. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 01, 2023 08:11 AM Eastern Standard Time

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OPPO Pledges Carbon Neutrality Across its Operations by 2050 at MWC 2023

OPPO

BARCELONA, SPAIN - Media OutReach - 1 March 2023 - In recent years, the issue of climate change has gathered momentum, with the frequency of persistent hot weather and climate-related natural disasters drawing worldwide attention to the urgent need for action. Billy Zhang, President of Overseas Sales and Service at OPPO, releases the OPPO Climate Action Report on the first day of MWC, with congratulation from Steven Moore, Head of GSMA Climate Action OPPO believes that better environmental protection can only be achieved through the parallel advancement of science and technology. Following years of research and analysis, OPPO released the OPPO Climate Action Report: Climate Pledges and Low Carbon Development Strategy, at MWC 2023. In the report, OPPO pledges for the first time to achieve carbon neutrality across its global operations by 2050. With technical support from global consultancy Deloitte [1], the report outlines five key areas in which OPPO will work towards achieving this goal: low-carbon manufacturing, reducing the carbon footprint of products, investing in options that generate less carbon, utilizing digital technology to manage carbon emissions, and collaborating on industry standards to address climate change. Starting in 2020, OPPO has published a sustainability report each year to publicly disclose its plans and practical progress towards sustainability goals. In 2022, OPPO completed its first global inventory of greenhouse gas emissions and used this data as the scientific basis for its carbon reduction strategy. Now, in the new Climate Action Report, OPPO pledges to make its operations carbon neutral by 2050. Commenting on this commitment, Tony Chen, OPPO Founder and CEO, said: “Achieving our goal of becoming carbon neutral will require both determination and patience. Guided by our mission of ‘Technology for Mankind, Kindness for the World’, we promise to pursue carbon neutrality with the same zeal and commitment that we invest in our technological innovation.” OPPO pledges to become carbon neutral across its global operations by 2050 and identifies low carbon development roadmap Promoting green manufacturing and operations through innovation OPPO has held onto its global position as the fourth-largest phone manufacturer for two consecutive years，with users in over 60 countries and regions worldwide. As its business grows rapidly, OPPO is equally concerned about how to reduce its environmental impact. Among the carbon emissions generated by OPPO's various operations, factories and data centers are the two most significant sources of greenhouse gas emissions, accounting for 62% and 31.9% respectively. While continuing to drive commercial growth, OPPO is also exploring innovative ways to achieve greener manufacturing and business operations. Through energy saving and emission reduction initiatives, by the end of 2022, OPPO has managed to reduce 6000 tons of greenhouse gas emission from its operation each year. This is equivalent to the amount of greenhouse gas absorbed by 3,330 square kilometers of forest in a year. Since 2020, OPPO has systematically carried out a series of energy-saving upgrades to key machinery in its factories. One such project has involved automating previously manually operated machines. Compared with manual control, the automated equipment can be set to operate precisely according to the real-time requirement, thus reducing power consumption to the bare minimum. For example, with the automation upgrades introduced to the corner cutting machines, power consumption has fallen by 54%. In addition, OPPO is also working on the construction of carbon neutral data centers. Its first self-built data center, OPPO Binhai Bay Data Centre not only uses 100% renewable energy, but also continues to explore and apply cutting-edge, low-carbon technology. One of the key outcomes of this exploration has been the research and implementation of immersion cooling technology for GPU server clusters. We are living in a digital era, with ever-increasing demand for data storage, artificial intelligence, and high-performance computing. Thus, the power consumption of data centers and their GPU server clusters is also rising significantly. Not only does this increased power consumption present a major challenge, but we must also work out how to dissipate the heat produced as efficiently as possible. Most traditional data centers rely on mechanical equipment such as fans and air conditioners to cool the building, which in turn consumes more energy and produces higher levels of CO 2. In order to improve energy efficiency and reduce carbon emissions, OPPO is deploying immersion cooling technology for GPU server clusters in its data center. Immersion cooling technology, which refers to the direct immersion of servers in a non-conductive liquid, directly draws the heat generated during operation away through the liquid, without the need for active cooling by devices such as fans and air conditioners. The liquid that has risen in temperature is cooled by circulation and then returned to continue absorbing thermal energy. The heat recovered is then put to good use in other areas such as heating and hot water provision, significantly improving the energy efficiency of the overall system. The deployment of immersion cooling technology leads to a 45% improvement in energy efficiency, and an industry-leading data center power usage efficiency (PUE) as low as 1.15. OPPO Binhai Bay Data Center deploys immersion cooling for GPU server clusters Introducing sustainability into the product management life cycle While constantly thinking about how to improve the user experience of its products, OPPO also aims to provide greener products. To this end, OPPO has made sustainability a key goal in the life cycle management of its products to minimize their impact on the environment. While designing the packaging of its products, OPPO follows the internationally recognized green packaging principle of 3R+1D (reduce, reuse, recycle and degradable). In 2023, starting in the European market, nearly all plastics have been removed from the packaging of OPPO’s smartphones, making it 100% biodegradable and more eco-friendly. Approximately 45% is also made from recycled fibers, sourced from recycled wastepaper or plant-based materials (such as sugarcane and bamboo byproducts), helping to reduce the demand for raw materials. OPPO has also made technological breakthroughs aimed at improving the durability of its products. For example, OPPO's proprietary Battery Health Engine technology can maintain 80% of the original battery capacity for up to 1600 charging cycles, significantly extending battery life. The volume of electronic waste generated globally has grown by 21% over the past 5 years, making it the fastest growing category of household waste [2]. To tackle the problem of e-waste pollution, OPPO has established a number of product recycling systems and launched a trade-in service in both domestic and international markets to promote the recycling of used electronic devices. In 2021, 1.2 million phones were recycled in China, amounting to a total weight of 216 tons. This number rose to 1.3 million phones and 240 tons in 2022. In the EU and other regions, OPPO is involved in the Green Dot program as well as partnering with professional recycling firms to help recycle used products. OPPO’s progress towards low carbon development For a long time, OPPO has not only been investing in low carbon initiatives but has also taken action to inspire more of its peers. During the Global Mobile (GLOMO) Awards at MWC 2023, OPPO Senior Vice President and Chief Technology Officer, Jun Liu, was invited to present the Tech4Good award, recognizing companies that have used technology and innovation to make the world better and to solve global challenges. In recognition of its own efforts, OPPO was also invited to join the judging panels for the Best Mobile Innovation for Climate Action Award and the Outstanding Mobile Contribution to the United Nations Sustainable Development Goals Award. Jun Liu, Senior Vice President and Chief Technology Officer at OPPO, presents the 2023 GLOMO Tech4Good Award to winners The road to a greener future is a long one, but with its Climate Action Report and low carbon development strategy, OPPO is already well on the way to achieving this goal. OPPO is committed to playing its part as it works with both partners and the public to build a better future for all. To learn more about OPPO’s low carbon development strategy, please refer to the OPPO Climate Action Report: https://www.oppo.com/content/dam/oppo/common/mkt/footer/OPPO-Climate-Action-Report-EN.pdf [1] Deloitte provided technical support to OPPO when it developed its GHG emissions inventory, emission reduction goals and long-term roadmap for low carbon development. [2] Data from: https://news.un.org/zh/story/2020/07/1061272 About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been relentless in its pursuit of the perfect synergy between aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with the ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world. Contact Details OPPO Media Contact press@oppo.com

March 01, 2023 04:53 AM Eastern Standard Time

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HUB Cyber Security Ltd, a Developer of Confidential Computing Cybersecurity Solutions and Services, Successfully Closes Its Business Combination with Mount Rainier Acquisition Corp.

HUB Cyber Security Ltd

HUB Cyber Security Ltd., a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company") and Mount Rainier Acquisition Corp. (Nasdaq: RNER), today announced the completion of their previously announced business combination and will begin trading on the Nasdaq Stock Market tomorrow, March 1, 2023. The combined company will operate as Hub Cyber Security Ltd., and the combined company’s ordinary shares and two series of warrants have been approved for trading on Nasdaq under the ticker symbols “HUBC,” “HUBCW, and “HUBCZ” respectively. HUB’s move to the Nasdaq follows the company’s delisting of its ordinary shares and warrants from the Tel Aviv Stock Exchange (TASE). As previously announced, Mount Rainier stockholders approved the transaction at a previously held special meeting. To celebrate the completion of the business combination, HUB’s leadership will be at the Nasdaq MarketSite to ring the opening bell on March 1, 2023. “We are extremely pleased to complete this transaction and become a public company traded on the NASDAQ,” says Uzi Moskovitch, Major General (Ret.), CEO of HUB. “HUB has grown rapidly, and we believe this transformative step will support our initiatives to capitalize on the large, and fast growing market for more efficient and effective cybersecurity solutions. Our goal is to continue to develop and implement advanced Confidential Computing and other cybersecurity technologies for our current and future customers in both government and private industries. Access to larger capital markets is expected to enable HUB to accelerate its growth plans both in technology development and customer adoption, while building more value for our public shareholders.” Advisors A-Labs Advisory & Finance Ltd. and Oppenheimer & Co. Inc. served as financial advisors to HUB. Latham & Watkins LLP served as legal advisor to HUB. A.G.P./Alliance Global Partners served as the exclusive financial advisor to RNER. Loeb & Loeb LLP and Sullivan & Worcester LLP (Tel Aviv) served as legal advisors to RNER. About HUB Cyber Security Ltd HUB Cyber Security Ltd ("HUB") was established in 2017 by veterans of the 8200 and 81 elite intelligence units of the Israeli Defense Forces. The company specializes in unique Cyber Security solutions protecting sensitive commercial and government information. The company debuted an advanced encrypted computing solution aimed at preventing hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide. About Mount Rainier Acquisition Corp. Mount Rainier Acquisition Corp. is a blank check company sponsored by DC Rainier SPV LLC, a Delaware limited liability company managed by Dominion Capital LLC, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Forward-Looking Statements This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements about the anticipated benefits of the transaction, and the financial condition, results of operations, earnings outlook and prospects of the combined company. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "future," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "seem," "should," "will," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the management of HUB, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by the HUB and the following: (i) expectations regarding HUB's strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and HUB's ability to invest in growth initiatives and pursue acquisition opportunities; (ii) the outcome of any legal proceedings that may be instituted against the combined company; (iii) the ability to meet stock exchange continued listing standards; (iv) the risk that the consummation of the business combination disrupts HUB's current operations and future plans; (v) the ability to recognize the anticipated benefits of the transaction, which may be affected by, among other things, competition, the ability of HUB to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vi) costs related to the transaction; (vii) limited liquidity and trading of HUB’s securities; (viii) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (ix) the possibility that HUB may be adversely affected by other economic, business, and/or competitive factors; (x) inaccuracies for any reason in the estimates of expenses and profitability and projected financial information for HUB; and (xi) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in HUB’s final proxy statement/prospectus filed on December 5, 2022. Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of HUB prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements. All subsequent written and oral forward-looking statements concerning the business combination or other matters addressed in this press release and attributable to HUB or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in press release. Except to the extent required by applicable law or regulation, HUB undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events. Contact Details Hub Cyber Security Ltd Gregory FCA on behalf of HUB Security matt@gregoryfca.com Company Website https://hubsecurity.com/

February 28, 2023 04:36 PM Eastern Standard Time