ZEPHYR COVE, Nev., Nov. 20, 2014 /PRNewswire/ -- VirnetX
Holding Corporation (NYSE MKT: VHC), an Internet security software
and technology company, announced today that it has submitted
updates to its licensing declarations to the European
Telecommunications Standards Institute (ETSI) and the Alliance for
Telecommunications Industry Solutions (ATIS) regarding
specifications of the 3GPP LTE, SAE project. The updated
declarations include an additional developing specification, 3GPP
TS 26.237, "IP Multimedia Subsystem (IMS) based Packet Switch
Streaming (PSS) and Multimedia Broadcast/Multicast Service (MBMS)
User Service; Protocols," Release 12 or Prior Release, to which
VirnetX's patents and patent applications are or may become
essential. The updated declarations also identify current
Releases (12 or 13) of previously-identified specifications.
VirnetX declarations now identify 19 specifications in the 3GPP
LTE, SAE project to which its patents and patent applications are
or may become essential.
VirnetX is willing, upon request, to make available a
non-exclusive license with respect to necessary claims that have
issued in or may issue from VirnetX's identified patents and patent
applications for these 19 specifications identified in its updated
declaration, to the extent the specifications are adopted as a
final standard, subject to the conditions set forth in the
VirnetX's April 27, 2011 Statement of
Patent Holder submitted to ETSI and ATIS.
"We believe that VirnetX - invented technologies are essential
to securing the growing 4G/LTE- Advanced networks," said
Kendall Larsen, VirnetX CEO and
President. "We remain committed to executing on our long-term
strategy as we move through the final testing phases prior to the
public release of our Gabriel platform and applications. We
continue to intensify our efforts on licensing our technology and
building strategic partnerships with the goal to become a key
provider of technology and intellectual property required for
making communications secure over the 4G/LTE networks."
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
November 10, 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