ZEPHYR COVE, Nev., Feb. 4, 2016 /PRNewswire/ -- VirnetX™
Holding Corporation (NYSE MKT: VHC), an Internet security software
and technology company, announced today a jury in the United States Court for the Eastern
District of Texas, Tyler Division,
in the case VirnetX Inc., et al. v. Apple Inc., No. 6:12-cv-00855,
has awarded VirnetX $625.6
million in a verdict against Apple Corporation for
infringing four VirnetX patents, marking the second time a federal
jury has found Apple liable for infringing VirnetX's patented
technology.
The verdict includes royalties awarded to VirnetX based on an
earlier patent infringement finding against Apple. The jury found
that Apple's modified VPN On-Demand, iMessage and FaceTime services
infringed VirnetX's patents and that Apple's infringement was
willful.
In addition to determining the royalty owed by Apple for its
prior infringement, today's verdict also includes an award based on
the jury's finding that Apple's modified VPN On Demand, iMessage
and FaceTime services have continued to infringe VirnetX's
patents.
"We are extremely pleased with the jury verdict," said
Kendall Larsen, VirnetX CEO and
President. "The jury agreed once again that Apple has been
using the technology developed by our inventors."
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 112 U.S. and international patents
and over 75 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; (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 Quarterly Report on Form 10-Q filed with the SEC on
November 9, 2015. 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 owners.
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SOURCE VirnetX Holding Corporation