ZEPHYR COVE, Nev., Aug. 4, 2014 /PRNewswire/ -- VirnetX™
Holding Corporation (NYSE MKT: VHC), an Internet security software
and technology company, announced today that last Friday the United
States Patent and Trademark Office (USPTO) granted two petitions
for inter partes review (IPR) filed by Microsoft Corporation.
These petitions seek review of certain claims of VirnetX's U.S.
Patent No. 7,987,274 ('274 patent).
The '274 patent is one of six VirnetX patents that were asserted
in a patent infringement suit against Microsoft in 2013.
VirnetX has accused Microsoft of willful infringement in that
lawsuit. Last week VirnetX announced that the USPTO had denied
Microsoft's petitions seeking inter partes review of two other
patents, VirnetX's 6,502,135 ('135 patent) and 7,188,180 ('180
patent) that are also part of that lawsuit. Microsoft was found to
willfully infringe both '135 and '180 patents in a prior lawsuit
between Microsoft and VirnetX.
"We have come to expect patent reviews at the Patent Office as
part of the patent infringement litigation process," said
Kendall Larsen, VirnetX CEO and
President. "As with our '135 and '180 patents that were ultimately
found valid and patentable during reexamination proceedings in
2010, we are optimistic of achieving the same results with these
inter partes reviews of the '274 patent."
About VirnetX
VirnetX Holding Corporation is an
Internet security software and technology company with patented
technology for secure communications including 4G LTE security.
The Company's software and technology solutions, including
its secure domain name registry and GABRIEL Connection Technology™,
are designed to facilitate secure communications and to create a
secure environment for real-time communication applications such as
instant messaging, VoIP, smart phones, eReaders and video
conferencing. The Company's patent portfolio includes over 80
U.S. and international patents with over 100 pending applications.
For more information, please visit www.virnetx.com.
Forward Looking Statements
Statements in this press release that are not statements of
historical or current fact, including statements regarding
the strength of Virnetx's intellectual property, constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on expectations, estimates and
projections about the markets in which the Company operates,
management's beliefs, and certain assumptions made by management
and involve known and unknown risks, uncertainties and other
unknown factors that could cause the actual results of the Company
to be materially different from the historical results or from any
future results expressed or implied by such forward-looking
statements, including but not limited to (1) the outcome of any
legal proceedings that have been or may be initiated by the Company
or that may be initiated against the Company;, including pending
and future inter partes review proceedings in the Patent and
Trademark Office (2) the ability to capitalize on the Company's
patent portfolio and generate licensing fees and revenues; (3) the
ability of the Company to be successful in entering into licensing
relationships with its targeted customers on commercially
acceptable terms; (4) potential challenges to the validity of the
Company's patents underlying its licensing opportunities; (5) the
ability of the Company to achieve widespread customer adoption of
the Company's GABRIEL Communication Technology™ and its secure
domain name registry; (6) the level of adoption of the 3GPP Series
33 security specifications; (7) whether or not the Company's
patents or patent applications may be determined to be or become
essential to any standards or specifications in the 3GPP LTE, SAE
project or otherwise; (8) the extent to which specifications
relating to any of the Company's patents or patent
applications may be adopted as a final standard, if at
all; and (9) the possibility that Company may be adversely affected
by other economic, business, and/or competitive factors. In
addition to statements which explicitly describe such risks and
uncertainties, readers are urged to consider statements labeled
with the terms "believes," "belief," "expects," "intends,"
"anticipates," or "plans" to be uncertain and forward-looking.
The forward-looking statements contained herein are also
subject generally to other risks and uncertainties that are
described from time to time in the Company's reports and
registration statements filed with the Securities and Exchange
Commission, including those under the heading "Risk Factors" in
Company's Quarterly Report on Form 10-Q filed with the SEC on
May 09, 2014. Many of the
factors that will determine the outcome of the subject matter of
this press release are beyond the Company's ability to control or
predict. Except as required by law, the Company is under no
duty to update any of the forward-looking statements after the date
of this press release to conform to actual results.
Contact:
Greg Wood
VirnetX Holding Corporation
775.548.1785
greg_wood@virnetx.com
VirnetX and GABRIEL Connection Technology are trademarks
of VirnetX Holding Corporation. Other company and product names may
be trademarks of their respective owners.
SOURCE VirnetX Holding Corporation