ZEPHYR COVE —
VirnetX Holding Corporation (NYSE AMERICAN: VHC), an internet security software and technology company, on Monday announced it has entered into a Patent Standstill Agreement with HTC Corporation (TWSE: 2498), a global leader in innovation and design. The deal was facilitated by VirnetX's licensing partner, IPVALUE Management Inc.
"This is a significant development as we continue to grow our business outside the US," said Sameer Mathur
, vice president of corporate development and product marketing for VirnetX. "This standstill agreement gives both parties more time to discuss and negotiate a broad license, including a license to VirnetX's LTE-related patents."
"We are pleased to have assisted VirnetX in reaching this agreement with HTC, so that a future deal can be consummated without the need for litigation," said Paul Riley
, vice president of licensing for IPValue.
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 115 U.S. and international patents and over 50 pending applications. For more information, please visit www.virnetx.com
IPVALUE is the leading provider of Intellectual Property transactional and advisory services for the world's premier technology companies, R&D labs, and owners of significant IP portfolios. Founded in 2001, IPVALUE's mission is to deliver a return on invention by licensing the IP portfolios of leading innovators. Since inception, the firm has helped these innovators realize over $1.5B
in revenues from IP licensing and sales. For more information, visit www.ipvalue.com