VirnetX Agrees to ATIS' Policy Request Agreement with North American Organizational Partner of 3GPP
SCOTTS VALLEY, Calif., June 30, 2011 /PRNewswire/ -- VirnetX Holding Corporation (NYSE Amex: VHC), an Internet security software and technology company, today announced that at the request of the Alliance for Telecommunications Industry Solutions (ATIS), it has agreed to update its licensing declaration to ATIS under ATIS' Intellectual Property Rights (IPR) policy. This is in response to VirnetX's March 14, 2011, Statement of Patent Holder identifying a group of its patents and patent applications that VirnetX believes are or may become essential to certain developing specifications in the 3GPP LTE, SAE project.
VirnetX will make available a non-exclusive patent license under FRAND (fair, reasonable and non-discriminatory terms and conditions, with compensation) to 3GPP members desiring to implement the Technical Specifications identified by VirnetX, as set forth in the updated licensing declaration under ATIS' IPR policy.
"This is a key and important event for us as ATIS is the North American Organizational Partner for the 3rd Generation Partnership Project (3GPP) and we are now listed in their database," said Kendall Larsen, VirnetX CEO and President. "More than 200 North American companies actively formulate standards in ATIS' Committees covering issues including Internet Protocol Based Wireless Technologies and Cloud Services. As an American company, VirnetX is uniquely positioned to license its essential security patents to ATIS members as they move into 4G."
VirnetX Holding Corporation is an internet security software and technology company. 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 16 U.S. and 17 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 constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's patent portfolio, legal activities and licensing efforts. 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. Readers are urged to consider statements containing the words "will", "believes," "belief," "expects," "intends," "anticipates," or "plans" to be forward-looking. The forward-looking statements contained herein are subject generally to 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 with the SEC on March 16, 2011. 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.
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