ZEPHYR COVE, Nev., Dec. 16, 2014 /PRNewswire/ -- VirnetX
Holding Corporation (NYSE MKT: VHC), an Internet security software
and technology company, announced that earlier today the United States Court of Appeals for the
Federal Circuit, denied VirnetX's petition requesting a rehearing
and rehearing en banc of the Federal Circuit's September 14, 2014, decision concerning VirnetX's
litigation against Apple Inc. In its petition, VirnetX asked the
court to rehear its decision with respect to damages and affirm the
district court's damages award against Apple in full and to
reinstate the jury's award that Apple infringed the '504 and '211
patents on the basis that the district court correctly construed
the claim term "secure communication link." The mandate of the
court regarding this denial will issue on December 23, 2014.
"While we respect the court's decision on rehearing en
banc, we are pleased that the court will issue its final
decision confirming the validity of our patent claims as well as
Apple's infringement with respect to VPN On-Demand." said
Kendall Larsen, VirnetX CEO and
President. "We have already been evaluating all possible approaches
and look forward to getting the damages determined against Apple in
the shortest time."
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.
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SOURCE VirnetX Holding Corporation