Canadian Based Provider of Security Services
ZEPHYR COVE, Nev. and
TORONTO, May 13, 2020 /PRNewswire/ -- VirnetX™
Holding Corporation (NYSE AMERICAN: VHC), an Internet security
software and technology company and PEDLOX Inc., a Canadian
security and secure server provider, announced today that they have
entered into a commercial agreement. PEDLOX Inc. will host, market,
and sell VirnetX's Secure Domain Name technology as well as
VirnetX's Gabriel Collaboration Suite via PEDLOX's Unified Security
Platform.
"VirnetX's offerings are a great value add to our Unified
Security Platform that PEDLOX Inc. offers. PEDLOX Unified Security
Platform hosts, markets and sells 'Security as a Service' to
utilities, government agencies, telecommunication companies,
enterprises and residential markets," said Darren Olson, PEDLOX's CEO. "With VirnetX's
Secure Domain Name technology and Gabriel Secure Collaboration
Suite, we now have the ability to provide our clients with
additional value. We bundle secure video conferencing with
Gabriel's Secure Email, Secure VoIP, Secure Messaging and Secure
File sharing through PEDLOX Secure Servers. This creates a
significant value proposition to any person, home, business,
enterprise, community, or government agency who wants the highest
level of trust, security and data control without the need for an
entire IT Team."
"PEDLOX will be a great partner," said Kendall Larsen, VirnetX's CEO and President.
"PEDLOX is an innovator in security services and understands how to
incorporate Gabriel to provide maximum security for their
influential client base. This is an exciting collaboration
and we look forward to working with them."
About PEDLOX Inc.
PEDLOX Inc., is a Canadian based provider of Security services
for home, business, premise, outside plant, utilities, cable and
wireless Networks. PEDLOX products have been in use with Rogers
Wireline Communications since 2016. PEDLOX continues to increase
its value-added Security Services with VirnetX Gabriel
Communications. For more information please visit
https://pedlox.com/
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