Securing Digital Display Products
ZEPHYR
COVE, Nev., May 9, 2023
/PRNewswire/ -- VirnetX Holding Corporation (NYSE: VHC) today
announced that it has signed an agreement with Samsung to resell
Samsung's digital display products, including the Samsung
Interactive Pro, to create secure conferencing and collaboration
spaces for the hybrid workforce in offices, co-working spaces and
classrooms using VirnetX One™ family of products including War
Room™ and VirnetX Matrix™.
Combining Samsung's digital display products with the VirnetX
One™ family of products provides secure collaboration, file
sharing, presentations, and applications regardless of location and
can be easily deployed alongside existing networking
infrastructures with no interruption.
"Our customers and future initiatives will greatly benefit from
Samsung's digital display products secured by our technology, and
we feel this relationship could provide a significant revenue
stream to VirnetX," said Kendall
Larsen, VirnetX CEO and President. "Samsung is a recognized
global leader in digital display technology that we will secure to
provide safe hybrid work and learning environments."
"Samsung's digital display products lead the market in
innovation and performance," said Chris
Mertens, Vice President of Samsung U.S. Sales. "We are
excited to work with VirnetX and look forward to interfacing their
security technology with our digital display products especially
our multi-faceted Samsung Interactive Pro."
About VirnetX
VirnetX Holding Corporation is an Internet security
software and technology company with industry-leading, patented
technology for Zero Trust Network Access ("ZTNA") based secure
network communications. VirnetX's software and technology
solutions, including its Secure Domain Name Registry and
Technology, VirnetX One™, VirnetX War Room™, VirnetX Matrix™, and
Gabriel Connection Technology™, are designed to be device and
location independent, and enable a secure real-time communication
environment for all types of enterprise applications, services, and
critical infrastructures. The Company's patent portfolio includes
over 200 U.S. and foreign granted patents, validations, and pending
applications. For more information, please
visit www.virnetx.com
About Samsung Electronics America, Inc.
Samsung inspires the world and shapes the future with
transformative ideas and technologies. The company is redefining
the worlds of TVs, smartphones, wearable devices, tablets, digital
appliances, network systems, and memory, system LSI, foundry, and
LED solutions. For the latest news, please visit the Samsung
Newsroom at news.samsung.com.
Special Note Regarding Forward-Looking Statements
This press release should be read in conjunction with our Annual
Report on Form 10-K (the "Form 10-K"), filed with the Securities
and Exchange Commission on March 31,
2023. Statements herein may constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended (the "Securities Act"), and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange
Act").
These forward-looking statements are based upon our current
expectations, estimates, assumptions, and beliefs concerning future
events and conditions and may discuss, among other things,
expectations regarding our ability to resell Samsung digital
display products integrated with VirnetX security features, partner
successfully with Samsung, the ability and benefit of using VirnetX
products to secure Samsung products, generate significant revenue
stream to VirnetX, and our ability to provide safe hybrid work and
learning environments. Any statement that is not historical in
nature is a forward- looking statement and may be identified by the
use of words and phrases such as "anticipates," "believes,"
"estimates," "expects," "intends," "plans," "predicts," "projects,"
"will be," "will continue," "will likely result in," and similar
expressions. Readers are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements are
necessarily subject to risks, uncertainties, and other factors,
many of which are outside our control, and could cause actual
results to differ materially from such statements and from our
historical results and experience. These risks, uncertainties and
other factors include, but are not limited to risks detailed in our
filings with the Securities and Exchange Commission (the "SEC"),
including the Form 10-K. Readers are cautioned that it is not
possible to predict or identify all the risks, uncertainties and
other factors that may affect future results and that the risks
described herein should not be considered a complete list. Any
forward-looking statement speaks only as of the date on which such
statement is made.
EXCEPT AS REQUIRED BY LAW, WE UNDERTAKE NO OBLIGATION TO UPDATE
OR REVISE ANY FORWARD-LOOKING STATEMENT AS A RESULT OF NEW
INFORMATION, FUTURE EVENTS OR OTHERWISE.
Contact:
Investor Relations
VirnetX Holding Corporation
415.505.0456
ir@virnetx.com
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SOURCE VirnetX Holding Corporation