VirnetX Teams Up with AI and Predictive
Analytics Firm for Advanced Cybersecurity and Protective AI
Offerings
ZEPHYR
COVE, Nev., Aug. 22,
2023 /PRNewswire/ -- VirnetX Holding
Corporation (NYSE: VHC) today announced it has signed an
agreement for an equity investment in OmniTeq, a prominent provider
of customized military and government Artificial Intelligence (AI)
solutions. VirnetX takes an equity position in OmniTeq and will
become the exclusive provider of cybersecurity solutions for
OmniTeq's AI offerings. Along with collaborative development of
next-generation cybersecurity and protective AI solutions, OmniTeq
will sell VirnetX's Matrix and War Room products to their
customers.
"VirnetX is extremely excited to partner with OmniTeq. Our
equity position demonstrates our confidence in OmniTeq's strategic
direction and innovation," said Kendall
Larsen, VirnetX CEO and President. "OmniTeq is a
cutting-edge company in the military and AI space with their
product AThENA. We look forward to integrating AThENA with VirnetX
Matrix and War Room into Samsung display products that we believe
will create the ultimate secure and smart environment."
OmniTeq will also participate in selling VirnetX Matrix and War
Room secured Samsung display products into which they plan to
integrate AThENA and offer this package to their existing federal
and commercial customers, including Colliers International,
Skinwalker Ranch and the US military.
"OmniTeq is delighted to collaborate with VirnetX, and their
equity stake underscores our mutual commitment to shaping the
future," stated Jim Royston, CEO of
OmniTeq. "In today's digital landscape, there's a pressing need to
merge artificial intelligence, machine learning, and cybersecurity
to authenticate and protect our clients' most sensitive data. The
capability to deliver intelligent and secure online products and
services represents the next wave of innovation. By integrating
OmniTeq's AI offerings and our AThENA product with VirnetX's
Matrix and War Room, we aim to bring unparalleled cybersecurity
solutions and protective AI to the marketplace."
Through this integration, VirnetX and OmniTeq plan to bring
together world-class technologies to provide joint customers with
significant innovation benefits and comprehensive security
protection.
"In a world where digital threats are ever-evolving, the
alliance between OmniTeq and VirnetX stands as a beacon of
resilience. Our joint commitment is more than a business
partnership; it's a pledge to safeguard our nation's vital
infrastructure and to ensure that corporations can thrive securely.
Together, we believe we're not just fortifying defenses but also
shaping the future of national and corporate security." - General
Lance W. Lord (ret) Chairman of
Board at OmniTeq.
"We believe combining OmniTeq's disruptive AI and predictive
analytics solutions and VirnetX's security suite of products will
empower our customers with data-driven decision making and bolster
their security posture," said Brandon Fugal, board member at
OmniTeq and owner of Skinwalker Ranch. "OmniTeq is thrilled to
collaborate with VirnetX because we expect our joint innovations
will transform the future of AI and IT security and
operations."
About VirnetX
VirnetX Holding Corporation is an Internet security
software and technology company with 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 OmniTeq
OmniTeq provides Artificial Intelligence/Machine Learning and
predictive analytic solutions specializing in data management,
advanced data analysis, and custom data visualization. With a
commitment to empowering organizations through data-driven
decision-making, the company offers end-to-end solutions that
enable clients to harness the power of their data. Learn more at
www.omniteq.com.
Special Note Regarding Forward-Looking Statements
This press release should be read in conjunction with our
filings with the Securities and Exchange Commission.
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 the product, product integration,
collaborations, partnerships and the impact on security solutions.
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").
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.
Investor Relations
VirnetX Holding Corporation
415.505.0456
ir@virnetx.com
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SOURCE VirnetX Holding Corporation