ZEPHYR COVE, Nevada,
Sept. 24, 2018 /PRNewswire/
-- VirnetX™ Holding Corporation (NYSE AMERICAN: VHC), an
Internet security software and technology company, announced today
that on September 20, 2018, pursuant
to a Court's order, attorneys from VirnetX and Apple have conferred
and agree without dispute amounts for Bill of Costs and Prejudgment
Interest totaling $93,351,141 to be
added to the $502,567,709 jury
verdict for VirnetX in the ongoing patent infringement action
between VirnetX Inc. ("VirnetX") and Apple Inc ("Apple").
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, smart phones, eReaders and video
conferencing. The Company's patent portfolio includes over 115 U.S.
and international patents and over 50 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 and appeals; (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 Annual Report on Form 10-K filed on March 16, 2017 and Quarterly Report on Form 10-Q
filed with the SEC on August 9, 2018.
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:
Investor Relations
VirnetX Holding Corporation
775.548.1785
ir@virnetx.com
VirnetX, Gabriel Collaboration Suite, Gabriel Secure
Communications Platform and GABRIEL Connection Technology are
trademarks of VirnetX Holding Corporation. Other company and
product names may be trademarks of their respective owner
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SOURCE VirnetX Holding Corporation