Important Company Milestone
SCOTTS VALLEY, Calif. – December 9, 2009 – VirnetX Holding Corporation (NYSE Amex: VHC), a secure real-time communications and collaboration technology company, today announced that it has started beta testing its Gabriel Connection Technology (Gabriel) software. Gabriel provides the only seamless, automated security platform for secure communications by next-generation Internet-based applications. Its foundational software combines industry standard encryption protocols with the Company’s patented techniques for automated domain system lookup mechanisms using secure domain names.
The Company is transitioning from internal Gabriel testing to include invited beta users from outside the company. This phase of beta testing is expected to last approximately 6 months.
“I am very pleased with VirnetX’s Gabriel beta announcement,” said Kendall Larsen, VirnetX President and CEO. “As with our recent Essential Patents for 4G Security Declaration, this announcement marks another important company milestone.”
Gabriel beta includes secure domain name registrar, registry and relay services. The computer modules automatically initiate authenticated encrypted connections between computers based on domain name lookups. On top of this security platform example applications will include secure instant messaging, file sharing and remote desktop access. At this time the beta supports the most popular Windows operating systems; XP Professional, Vista and Windows 7.
“The purpose of the beta is to expand testing to a more diverse group of users so that the software can be made more robust with feedback from an expanded community,” said Edmund “Gif” Munger, VirnetX’s Chief Technical Officer. “At the conclusion of a successful beta, we will provide licensees with Gabriel software as a basis for developing and rapidly deploying their own secure products and services based on VirnetX’s patented methods.”
Joining the Gabriel beta will be Notify Technology Corporation (OTC BB:NTFY), a San Jose (Calif.) based, 70 person, technology company offering wireless products and services. “We are eager to be participating in the beta,” said Paul DePond, Notify Technology President and CEO. “We’re looking forward to getting firsthand experience with the Gabriel technology.”
Those interested in participating in the Gabriel beta can sign up at www.virnetx.net The size of the beta will expand over the next few months as it draws from volunteer beta participants.
VirnetX Holding Corporation, a secure real-time communications and collaboration technology company, is engaged in commercializing its patent portfolio by developing a licensing program, as well as developing software products designed to create a secure environment for real-time communications such as instant messaging and Voice over Internet Protocol. The Company’s patent portfolio includes over 25 U.S. and foreign patents and pending applications which specifically cover the Company’s unique GABRIEL Connection Technology. For more information, please visit http://www.virnetx.com/stagingarea.
Safe Harbor Agreement
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,” “will,” “prepared to,” 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, 2009.
VirnetX Holding Corporation