Welcome to our dedicated page for Virnetx Holding news (Ticker: VHC), a resource for investors and traders seeking the latest updates and insights on Virnetx Holding stock.
VirnetX Holding Corp (VHC) news covers developments at an Internet security software and technology company that focuses on patented Zero Trust Network Access (ZTNA) and secure communications. The company’s announcements frequently highlight progress in government, defense, and enterprise cybersecurity, as well as milestones related to its patented platforms such as VirnetX One, War Room, VirnetX Matrix, and its Secure Domain Name Registry and Technology.
Investors and observers following VirnetX news can expect updates on its strategic shift toward serving the U.S. Department of Defense and Intelligence Community, including certifications, collaborations, and demonstrations. Recent releases have described DD Form 2345 certifications for facilities in Nevada and Utah, a Cooperative Research and Development Agreement with the Air Force Research Laboratory Intelligence Systems Directorate, and participation in the Rim of the Pacific (RIMPAC) maritime exercise, where VirnetX demonstrated secure video conferencing and secure connection capabilities in demanding operational environments.
News about VirnetX also includes information on its Digital Engineering and Cyber Threat Intelligence services, advisory board appointments, and partnerships. Examples include the establishment of a Strategic Defense Advisory Board composed of retired senior U.S. Air Force leaders, a collaboration with Samsung and OmniTeq to support a secure command and control center at Skinwalker Ranch, and the award of a General Services Administration Multiple Award Schedule contract that broadens access for government customers.
On this page, readers can review press releases and other coverage related to VHC stock, including exchange listing updates, regulatory notices, and product or service announcements. Regularly checking this news feed can help users track how VirnetX’s secure communications technology, government and defense focus, and patent-based platforms evolve over time.
VirnetX Holding Corporation (NYSE: VHC) has announced the promotion of Dr. Victor Larson to Chief Technical Officer (CTO) and the hiring of Kathy Allanson as Chief Financial Officer (CFO). Dr. Larson, formerly Vice President of Research and Development, is a co-inventor of the company's technologies and has extensive experience in secure communication solutions for the Department of Defense. Kathy Allanson brings over 30 years of financial expertise from roles at Arthur Andersen and The Walt Disney Company, and is a Certified Public Accountant.
VirnetX Holding Corporation (NYSE: VHC) announced the submission of an Agreed Bill of Costs and Prejudgment Interest totaling $75,701,763.18 related to a $502,848,847 jury verdict against Apple. This brings the final judgment for Apple’s infringing devices to $578,550,610. Apple does not dispute the figures and agreements; however, they retain the right to appeal. Previously, VirnetX received $454,033,859 from a separate case against Apple. The case pertains to secure communication technologies, including issues related to 4G LTE and 5G security.
On January 15, 2021, the District Court for the Eastern District of Texas affirmed a $502.8 million jury verdict in favor of VirnetX against Apple for patent infringement. The court also granted additional pre-trial and post-trial interest, supplemental damages, costs, and an ongoing royalty rate of $0.84 per infringing device. The ruling is based on infringements of VirnetX's patents regarding network security. VirnetX has a significant patent portfolio and seeks to leverage this ruling for future revenue generation.
VirnetX Holding Corporation (VHC) has appointed Darl McBride as Chief Operating Officer for its Japanese subsidiary. McBride, who has a proven track record with Novell in Japan, will focus on licensing efforts alongside strategic partner IP Dream. He is fluent in Japanese and brings significant industry experience, having previously led a billion-dollar joint venture. McBride expressed optimism about VirnetX's potential for growth in Japan and Asia. The company holds extensive patents in secure communications, which could leverage McBride's expertise.
VirnetX Holding Corporation (NYSE: VHC) announced a significant $502,848,847 jury verdict in its favor against Apple for infringing on two network security patents. The ruling, issued on October 30, 2020, pertains to 598,629,580 infringing devices sold since the launch of iOS 7 in 2013, with damages set at $0.84 per device. This follows a prior judgment of $454,033,859 received from a different case against Apple. CEO Kendall Larsen expressed satisfaction with the verdict, emphasizing the validation of their technology.
VirnetX Holding Corporation (NYSE AMERICAN: VHC) announced it will voluntarily transfer its common stock listing from NYSE American to the New York Stock Exchange (NYSE), effective July 22, 2020. The change aims to enhance visibility and access to a broader investor base. The company is known for its patented technology in secure communications, including 4G LTE and 5G security, and holds over 190 patents. VirnetX's CEO, Kendall Larsen, expressed optimism about the listing transition, emphasizing the strategic benefits it will provide.
On July 14, 2020, VirnetX Holding Corporation (NYSE AMERICAN: VHC) announced that the PTAB ruled certain claims of its patents U.S. 6,502,135 and U.S. 7,490,151 as unpatentable in IPR2015-01046 and IPR2015-01047. Claims 1, 3, 4, 7, 8, 10, and 12 of the '135 patent, along with claims 1, 2, 6-8, and 12-14 of the '151 patent, were affected. The company plans to appeal these findings and is committed to exploring options for rectification. VirnetX is known for its patented technology in secure communications, with a portfolio comprising over 190 patents worldwide.