ZEPHYR COVE, Nev., July 14, 2020 /PRNewswire/ -- VirnetX™
Holding Corporation (NYSE AMERICAN: VHC), an Internet security
software and technology company, announced today that the United
States Patent and Trademark Office's Patent Trial and Appeal Board
("PTAB") issued decisions regarding the patentability of certain
claims of U.S. Patent Nos. 6,502,135 and 7,490,151 in inter
partes review proceedings IPR2015-01046 and
IPR2015-01047. In IPR2015-01046, the PTAB found claims 1, 3,
4, 7, 8, 10, and 12 of the '135 patent to be unpatentable. In
IPR2015-01047, the PTAB found claims 1, 2, 6-8, and 12-14 of the
'151 patent to be unpatentable. Both decisions are subject
to, inter alia, appeal to the Court of Appeals for the
Federal Circuit.
"We strongly disagree with the PTAB's findings in the decisions
issued today," said Kendall Larsen,
VirnetX CEO and President. "We intend to consider all
available options to rectify the PTAB's decisions."
About VirnetX
VirnetX Holding Corporation is an Internet security software and
technology company with patented technology for secure
communications including 4G LTE and 5G 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, e-Readers and video conferencing. The Company's
patent portfolio includes over 190 U.S. and foreign granted
patents/validations and pending applications. For more information,
please visit http://www.virnetx.com/.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact, including the statement regarding the
the expected benefits of and potential for revenue resulting
from VirnetX's (the "Company") collaboration with PEDLOX
Inc., may 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, 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,
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 therefrom; (2) the ability
to capitalize on 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, including through its
relationship with PEDLOX; (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. 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 the Company's Annual Report on
Form 10-Q filed on May 11, 2020 and
subsequent filings with the Securities and Exchange Commission, as
applicable. 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
415.505.0456
ir@virnetx.com
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SOURCE VirnetX Holding Corporation