ZEPHYR COVE, Nev., Oct. 1, 2014 /PRNewswire/ -- VirnetX™
Holding Corporation (NYSE MKT: VHC), an Internet security software
and technology company, announced today that on September 30, 2014, it was granted a new patent
from the United States Patent and Trademark Office (USPTO);
US Patent No. 8,850,009,System and Method Employing an Agile
Network Protocol for Secure Communications Using Secure Domain
Names.
The new patent, the eleventh granted in 2014, is the result of
VirnetX's significant research and development investment and
commitment. The patent supports VirnetX's Secure Domain Name
functionality which is used to enable various types of
communications that use encryption to protect data, such as
encrypted communication channels or links, secure communication
links and virtual private network communication links. This
functionality allows various applications including audio/video,
telephony and messaging applications to communicate seamlessly and
securely over the Internet. Customers can obtain a license from
VirnetX to use this functionality in their current or new
applications. VirnetX is also building a number of messaging and
cloud- based applications that run on VirnetX's Gabriel Technology
Platform for home and small business networks.
"This new patent further supports our Secure Domain Name
Initiative and will assist in our pursuit of new licenses and
strategic partnerships," said Kendall
Larsen, VirnetX CEO and President. "We believe our
encrypted communications links using our secure domain names are
unique and can help prevent a number of security breaches that have
come to light lately."
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, smartphones, eReaders and video
conferencing. The Company's patent portfolio includes over
107 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
August 08, 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