SCOTTS VALLEY, Calif.,
April 8 /PRNewswire-FirstCall/ --
"Cyber attacks are becoming a global pandemic with no computer
system immune. Internet infrastructure and computers'
operating systems must be secured in new and fundamental ways with
high-level security solutions that include new sophisticated secure
communications technology," stated Kendall
Larsen, Chairman, President, and CEO of VirnetX Holding
Corporation (NYSE Amex: VHC; www.virnetx.com), a California-based Internet security software
and technology company.
"The Internet's overwhelming adoption for commerce and system
control over the years has attracted an increasingly sophisticated
cyber criminal. The threats that are being posed to organizations
and governments are increasing faster than potential victims and IT
professionals can cope with them," said Larsen.
"The Internet must morph into a network that has security at its
core. This must be achieved seamlessly so the world transitions
into next generation 4G/Long Term Evolution (LTE) wireless networks
without adversely impacting the Internet capability we currently
have," said Larsen. "Over the next decade the growth of the
Internet will be focused on 4G/LTE Internet/mobile devices.
All 4G mobile devices will require their own individual
secure domain name and become a part of a secure domain registry to
achieve automatic, seamless security," he said.
According to Larsen, this 4G technology evolution will deliver a
comprehensive IP-based wireless broadband solution where voice,
data and streamlined multimedia are provided to users on an
"anytime, anywhere" basis, and at a much higher throughput than
previously possible. "By having a wireless system that is
always connected at high speeds, Internet terminals will be capable
of updating applications on their own. But without such systems
having the appropriate embedded seamless security solutions, cyber
criminals will find new ways to get malicious software onto those
computers," he said.
Larsen explained VirnetX has developed a security solution for
4G wireless networks using its patented technology that can be
embedded into 4G devices. The technology secures
communications over the Internet using, among other things, Secure
Domain Names issued by its proprietary Secure Domain Name Registry.
This technology, which has led to 48 patents and other
pending patent applications, pertains to 4G standards and can be
built into network infrastructure, current operating systems or
silicon chips developed for any type of Internet communications
device like Smart phones, laptops or PDAs.
VirnetX's patent portfolio, developed from work done for the
Central Intelligence Agency, was declared as essential for 4G
security standards and provides the foundation for the company's
GABRIEL Connection Technology™, its own secure peer-to-peer
network, which is currently in beta for public testing.
VirnetX plans to license GABRIEL software and its other
patents to OEMS within the IP-telephony mobility, fixed mobile
convergence and unified communications markets.
Forward Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements 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. 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 the
Company's Annual Report on Form 10-K filed with the SEC on
March 31, 2010.
Contact:
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Greg Wood
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VirnetX Holding Corporation
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831.438.8200
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greg_wood@virnetx.com
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SOURCE VirnetX Holding Corporation