ZEPHYR COVE, Nev., May 23, 2019 /PRNewswire/ -- VirnetX™
Holding Corporation (NYSE AMERICAN: VHC), an Internet security
software and technology company, and IP Dream, a Japanese based
strategic technology developer and service provider, announced
today that on April 18, 2019, they
signed a non-exclusive Distribution and Service Agreement for IP
Dream to sell VirnetX's Gabriel Collaboration Suite as well as
VirnetX's Secure Domain Name technology to its clients in
Japan and greater
Asia.
"We look forward to presenting VirnetX's secure communication
technology to our major partners," said Jiro Shimoyama Representative Director,
President of IP Dreams, Inc. "This secure communication
technology is needed, and we feel that our partners will embrace
it. We already have a Memo of Understanding from a leading
Japanese office/home security company expressing that they
imminently plan to use Gabriel for their services involving
surveillance cameras and their company's own security needs.
This company has the largest market share in Japan and has global presence fulfilling
similar needs outside of Japan."
"IP Dream is an excellent company and a perfect partner to
represent us in Japan and the rest
of Asia," said Kendall Larsen, VirnetX CEO and President.
"IP Dream is a recognized Japanese leader in technology development
and services with an impressive, tier one client list that we look
forward to introducing and implementing Gabriel."
About IP Dream
We, the Unprecedented Dream (IP Dream), provide the IT services
needed in the world market with the slogan, "First from the world."
In order to provide services to companies worldwide, we modularize
the necessary services and technologies and provide what is needed
in each market in a way that suits the market. In addition,
since its inception, we operate as a leading-edge technology
company that consistently provides R & D to technology and
service provision, and contributes to the service construction of
many global market partners. We provide services in Japan, the United
States, India, Canada, Australia, New
Zealand, the United
Kingdom, etc. In addition, service provision to East
Asian markets such as Hong Kong,
Taiwan, China, etc., and preparation for South
American markets such as Brazil,
Mexico etc. are also ready, and
our technology and service provision area is expanding steadily.
For more information about IP Dream please visit our website:
www.ip-dream.co.jp/ja/
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, 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; (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 19, 2019 and Quarterly Report on Form 10-Q
filed with the SEC on May 10, 2019.
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
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