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HUBC DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages HUB Cyber Security Ltd. f/k/a Hub Cyber Security (Israel) Ltd. Investors with Losses to Secure Counsel Before Important October 16 Deadline in Securities Class Action – HUBC, HUBCZ, HUBCW

New York, New York – Newsfile Corp. – October 6, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of HUB Cyber Security Ltd. (NASDAQ: HUBC) (NASDAQ: HUBCZ) (NASDAQ: HUBCW) f/k/a Hub Cyber Security (Israel) Ltd. (“Legacy HUB”) pursuant and/or traceable: (a) through Legacy HUB’s merger (the “Merger”) with Mount Rainier Acquisition Corp. (“Mount Rainier”); (b) to the registration statement and proxy statement/prospectus (collectively, the “Offering Documents”) issued in connection with the Merger; and/or traceable to the registration statement and proxy statement/prospectus (collectively, the “Offering Documents”) issued in connection with the Merger; and/or (c) between March 23, 2022 and June 13, 2023, both dates inclusive (the “Class Period”), of the important October 16, 2023 lead plaintiff deadline.

SO WHAT: If you purchased HUB Cyber securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the HUB Cyber class action, go to https://rosenlegal.com/submit-form/?case_id=18848 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 16, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the Offering Documents and defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) private investment in public equity (“PIPE”) financing in connection with the Merger was not committed; (2) HUB would not be led by Legacy HUB’s then-current management team, including Defendant Eyal Moshe (the Company’s founder and previous Chief Executive Officer); (3) the Company had downplayed the full scope and severity of deficiencies in its compliance controls and procedures, including its disclosure controls and procedures and internal controls over financial reporting; (4) the Company overstated its remediation of, and/or ability to remediate, the foregoing deficiencies; (5) accordingly, the Company had hundreds of thousands of dollars of unexplained expenses incurred, and/or funds misappropriated or otherwise fraudulently obtained, by a senior officer of the Company; (6) the foregoing increased the risk that the Company would be unable to timely file one or more of its periodic financial reports with the U.S. Securities and Exchange Commission (“SEC”), as required by the NASDAQ’s listing rules; (7) as a result, the Company was also at an increased risk of being delisted from the NASDAQ; (8) all the foregoing, once revealed, was likely to negatively impact the Company’s business, financial results, and reputation; and (9) as a result, the Offering Documents and defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the HUB Cyber class action, go to https://rosenlegal.com/submit-form/?case_id=18848 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

Works on Largest Wind Power Project in Southeast Asia Move Forward

Works on Largest Wind Power Project in Southeast Asia Move Forward
Wind turbines during delivery. (Photo: Laonews.net)

Wind turbine delivery continues as the country carries on with the development of the largest wind farm in Southeast Asia (SEA).

Lao Ministry Partners With ADB to Enhance Capacity in Public Debt Management

Lao Ministry Partners With ADB to Enhance Capacity in Public Debt Management The Lao Ministry of Finance, in partnership with the Asian Development Bank (ADB), concluded a 2-day training on “High-level Policy Dialogue on Good Practices for Enhancing Public Debt Management in Laos” on Thursday. The high-level dialogue aimed to establish links between public debt management and fiscal, monetary, and financial policies, with the goal of creating a comprehensive government strategy for improving public debt management. Consisting of government officials, private sector representatives, experts and development partners from the region and beyond, the dialogue aims to draw on international and regional experience to review past lessons, and make proposals for the Lao government to consider in its plans to strengthen public debt management. In July 2017, the Lao government approved the Public Finance Development Strategy 2025 and Vision 2030, which aims to strengthen public finances to contribute to sustaining dynamic and stable economic growth and a graduation from Least Developed Country (LDC) status, reflecting the objective of the Government’s 2016–2020 8th National Socio-Economic Development Plan. “The experiences and lessons of other countries facing similar public debt challenges discussed during the dialogue will greatly help the government, and the Ministry of Finance in particular, to elaborate specific measures to enhance public debt management,” the Ministry of Finance Director General of Public Debt Management Soulivath Souvannachoumkham said during the dialogue. Soulivath also stressed the need for more comprehensive, accurate, timely and transparent monitoring of all public debts, guarantees, onlending agreements and potential future financial obligations of state-owned enterprises and from public-private partnerships. Onlending agreements is the mechanism by which one party borrows money to lend out to another party. “The task for the [Lao] government going forward is to translate good practices identified into specific policies as soon as feasible, including by revising the Public Debt Management Law and elaborating a Medium-Term Debt Strategy,” ADB Deputy Director General for Southeast Asia Emma Veve said. The ADB has reiterated its support to the Ministry of Finance to strengthen public debt management in Laos. All the stakeholders will work in close collaboration with other development partners by providing steady technical assistance to current and future projects. The new country partnership strategy, 2024–2028, is scheduled for ADB Board consideration early next year. The ADB has committed to provide Laos with a total of USD 2.6 billion in the form of 364 public sector loans, grants, and technical support. So far, the bank has already provided Laos with USD 2.41 billion funded by regular and concessional ordinary capital resources, including the Asian Development Fund (ADF). The current ADB’s portfolio in Laos includes 12 loans and 10 grants worth a total of USD 610 million.
ADB Deputy Director General for Southeast Asia Emma Veve (left) and Ministry of Finance Director General of Public Debt Management Soulivath Souvannachoumkham (right) during the dialogue. (Photo: Pathet Lao)

The Lao Ministry of Finance, in partnership with the Asian Development Bank (ADB), concluded a 2-day training on “High-level Policy Dialogue on Good Practices for Enhancing Public Debt Management in Laos” on Thursday.

Days Off in ASEAN: Which is the Most Holiday-Friendly Nation

Days Off in ASEAN Which is the Most Holiday-Friendly Nation
Young Southeast Asians splashing water from traditional bowls (photo: Mashable SEA)

As the festival season approaches, people across Southeast Asia are looking forward to spending quality time with family and unwind.

But, when it comes to time off from work, not everyone will enjoy the same amount of leisure time.

Here’s the ranking of ASEAN nations from the least to the most generous in terms of public holidays.

New Report Highlights Key Elements of Cloud Workload Security Landscape

HONG KONG SAR – Media OutReach – 6 October 2023 – Trend Micro (TYO: 4704; TSE: 4704), a global cybersecurity leader, today revealed its citation by analyst Forrester in a new report which will help IT buyers better understand the landscape of cloud workload security offerings.

To access a full copy of the Forrester report, please visit: https://www.forrester.com/report/the-cloud-workload-security-landscape-q3-2023/RES179850

Forrester’s report, The Cloud Workload Security Landscape, Q3 2023, lists Trend Micro as one of six vendors that generate $250m or more in annual revenue from their cloud workload security (CWS) portfolio.

The report also covers extended use cases that include three areas of focus for Trend: agent-based cloud workload protection; container protection; and cloud security posture management (CSPM). Trend has decades of experience innovating in all three product areas, and will be showcasing further advancements at AWS re:Invent in November.

Container and cloud workload protection will be enhanced, unified and integrated with XDR to deliver centralized detection and response for the cloud (CDR).

Trend will also look to integrate its CSPM and container runtime vulnerability capabilities into a major new offering to help customers better manage risk across their cloud attack surface.

These enhancements are part of the Trend Vision One™ strategy designed to deliver visibility, control and risk management across the entire IT and OT environment from a single platform.

“Trend Micro pioneered cloud security as we know it,” said Kevin Simzer, COO at Trend. “We remain focused on innovating for our customers, whatever stage of the cloud journey they’re at. Our upcoming announcements at AWS re:Invent will deliver even more value as we accelerate our platform-based security strategy to help global organizations improve attack surface risk management.”

Hashtag: #trendmicro #forrester #trendvisionone #visionone


The issuer is solely responsible for the content of this announcement.

About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,500+ employees across 70 countries, Trend Micro enables organizations to simplify and secure their connected world.

Empowering Industries: Remego Implementation Of Innovative Software Showcases Its Role As A Value-Added Company

SINGAPORE – Media OutReach – 6 October 2023 – The technological environment has undergone rapid and significant development in recent decades. The rate of innovation has been staggering, as seen from the early days of on-premise call centers to the present era of cloud-based, omnichannel contact centers. Remego Consulting in Singapore, being one of the leading providers of technology solutions, is steadfastly committed to riding these technology waves.

Remego’s recent implementation of PRTG – an IT monitoring software developed by Paessler AG, is a testament to the company’s adaptability to satisfy the industries’ changing demands and provide value to its clients.

PRTG, which stands for Paessler Router Traffic Grapher, is designed for telecommunication providers to effectively and efficiently monitor their IT infrastructure, ensuring optimal performance and quality of service to their customers. Understanding this, Remego deployed PRTG to a notable telecom operator in Singapore, helping the client collect, monitor, and analyze data from various network elements, such as switches, routers, and firewalls. These data include bandwidth usage, latency, jitter, packet loss, availability, and SLA compliance.

However, the client also wanted to learn more about the trends and patterns in their network data, as well as spot and be warned about any abnormalities that would point to problems or threats. As such, Remego paired PRTG with Elasticsearch – a distributed AI-based search and analytics engine capable of handling large-scale structured and unstructured data. This integration allowed the client to perform advanced analysis and visualization, in turn enabling them to identify root causes of network problems, optimize network performance and capacity planning, and enhance security and compliance.

This particular customer service story serves as one of the many examples of how Remego pursues a goal of excellence and adapts quickly to customers’ requests. Remego has three main pillars of excellence: on-premise and centre solutions; outbound dialer solution and network monitoring solution. Remego prides itself on being a nimble, reliable and experienced solution provider that aims to delight its customer by delivering high-quality, value-added technology in both the contact center and network monitoring space.

Moving forward, Remego is looking to stay ahead of the competition by continuously introducing state-of-the-art and innovative technology to its clients, as well as offering exceptional customer experiences. As seen with the implementation of both PRTG and Elasticsearch, the company will always look for ways to meet the requests and needs of its clients.

For more information, please visit https://remego.com.sg/ or contact us via email sales@remego.com.

Hashtag: #Remego

The issuer is solely responsible for the content of this announcement.

Schneider Electric’s new research shows that digital and electric solutions can cut carbon emissions in office buildings by up to 70%

  • Study quantifies impact of technology upgrades on energy performance and carbon reduction in office buildings
  • Research finds retrofitting buildings using a digital-first approach is best pathway to decarbonization


HONG KONG SAR – Media OutReach – 6 October 2023 – Retrofitting buildings using a digital-first approach is the best pathway to decarbonization, according to new research from Schneider Electric, the leader in the digital transformation of energy management and automation.

Buildings represent an estimated 37% of global carbon emissions[i], and as about half of today’s buildings are still likely to be in use in 2050[ii], the sector must urgently reduce operational carbon emissions, by making buildings more energy efficient.

The research findings show that deploying Schneider Electric’s digital building and power management solutions[iii] in existing office buildings could reduce their operational carbon emissions by up to 42% with a payback period of less than three years. If fossil fuel-powered heating technologies are replaced with electric-powered alternatives, and a microgrid with local renewable energy sources is installed, all-electric, all-digital buildings will see an additional 28% reduction in operational carbon emissions resulting in a total reduction of up to 70%.

Mike Kazmierczak, Vice President of the Digital Energy Decarbonization Office, the team leading the science-based research and product innovation to accelerate the energy transition within Schneider Electric’s Digital Energy division, explained that, “Tackling operational emissions is the number-one lever to decarbonize existing buildings at scale and achieve net-zero emissions targets by 2050. This breakthrough research reveals that reducing carbon emissions by up to 70% is feasible if we transform our existing building stock into energy-efficient, fully-electrified and digitized assets.”

The research, carried out with the global design firm WSP, is based on modeling the energy performance and carbon emissions of a large office building built in the early 2000s across various U.S. Climate Zones[iv]. This digital approach to building renovations is, however, applicable to all building types and climates, and is, therefore, the most effective building decarbonization strategy, yielding fast results with lower ‘upfront carbon’[v].

Renovating through the deployment of digital technologies is not only less disruptive to daily operations, but also more effective from a lifecycle carbon perspective. Failing to rapidly decarbonize buildings could also result in stranded assets that lose value and are unattractive to both investors and tenants.

Furthermore, recent research from the Boston University Institute for Global Sustainability and the Schneider Electric Sustainability Research Institute estimates that there is a sizable potential to create new jobs through the transition to low-carbon buildings.

Schneider Electric is widely recognized as an impact company and a leader in decarbonization. Its connected products, software and sustainability services help drive operational efficiency, eliminate energy waste, and provide strategies for carbon reduction in buildings, factories, data centers, infrastructure, and homes. Schneider Electric’s research and decarbonization scenarios offer immediate, practical solutions to help organizations navigate the complexities of the energy transition.

To learn more about the findings of Schneider’s research and three step process (strategize, digitize, decarbonize) to accelerate the path to net-zero buildings, visit here.

Related resources:


[i] Tracking Clean Energy Progress (International Energy Agency 2022).

[ii] Energy Technology Perspectives (International Energy Agency 2020).

[iii] Schneider Electric solutions include EcoStruxure Building Operation, EcoStruxure Building Advisor, Connected Room Solutions, Accusine power factor correction and harmonic filtering, PowerLogic submetering

[iv] Using the ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers) 90.1-2004 baseline for large offices (12-stories, 46728 m2).

[v] Upfront carbon refers to the emissions primarily related to the extraction and production of building products and materials

Hashtag: #BuildingsoftheFuture



The issuer is solely responsible for the content of this announcement.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on .

Vietnamese NA Chairman Praises Outgoing Lao Ambassador to Vietnam

Vietnamese NA Chairman Praises Outgoing Lao Ambassador to Vietnam
Lao Ambassador to Vietnam Sengphet Houngboungnuang (left) and Chairman of the Vietnamese National Assembly Vuong Dinh Hue (right).

Chairman of the Vietnamese National Assembly Vuong Dinh Hue welcomed outgoing Lao Ambassador to Vietnam Sengphet Houngboungnuang in Hanoi, Vietnam on Thursday.