ZEPHYR COVE, Nev., Oct. 8, 2019 /PRNewswire/ -- VirnetX™ Holding
Corporation (NYSE AMERICAN: VHC), an Internet security software and
technology company, announced today that the U.S. Court of Appeals
for the Federal Circuit (the "Federal Circuit") has issued a
formal mandate in the Federal Circuit case 2018-1197 (the "1197
Case") titled "Appeal from the United
States District Court for the Eastern District of
Texas in No. 6:10-cv-00417-RWS,
Judge Robert Schroeder, III" (the
"Apple I" case), in accordance with the judgment of the Federal
Circuit, entered on January 15, 2019,
affirming the judgement issued by the
United States District Court for the Eastern District of
Texas in this case.
Previously, on October 1, 2019,
the Federal Circuit had denied several significant motions filed by
Apple in the 1197 Case. Apple had requested (1) the court to vacate
its August 1, 2019, order denying
rehearing and for leave to file a second combined petition for
panel rehearing and rehearing en banc and (2) the court to stay
issuance of the mandate pending consideration of the first motion,
resolution of related proceedings, or the Supreme Court's
consideration of Apple's petition for a writ of certiorari. Apple's
motions followed the Federal Circuit's prior unanimous Rule 36
order affirming the judgement issued by the District Court entered
on January 15, 2019.
"We are very pleased with the Federal Circuit's decision to
issue the formal mandate in this case," said Kendall Larsen, VirnetX CEO and President. "This
decision yet again confirms the value of our Intellectual
Property."
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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SOURCE VirnetX Holding Corporation