VirnetX Participates at RIMPAC 2024

Rhea-AI Summary

VirnetX Holding (NYSE: VHC) participated in the U.S. Navy Expeditionary Combat Command (NECC) sponsored technology demonstrations during RIMPAC 2024, a large-scale international maritime exercise in Hawaii. The company successfully showcased its secure connection technology, demonstrating how it connected users on various platforms via different networks for secure video conferencing using VirnetX's War Room. The demonstrations included ship-to-shore secure video conferencing, highlighting the technology's potential for defense applications in security, stealth, and flexibility.

Lt. General (Ret.) Dan Leaf, a VirnetX Defense Advisor, emphasized the unique value of VirnetX's technology in dynamic environments, from day-to-day situations to challenging operations in conflict or humanitarian assistance. CEO Kendall Larsen noted the significance of presenting at RIMPAC, the world's largest international maritime warfare exercise, showcasing War Room's capabilities across platforms without geographical limitations.

Positive

• Successfully demonstrated secure connection technology at RIMPAC 2024, a major international maritime exercise
• Showcased War Room's secure video conferencing capabilities across multiple platforms and networks
• Demonstrated ship-to-shore secure video conferencing, highlighting potential for critical military applications

Negative

• None.

Successfully Demonstrates Secure Connection Technology to U.S. Navy Expeditionary Combat Command Operational Partners

ZEPHYR COVE, Nev., July 22, 2024 /PRNewswire/ -- VirnetX Holding Corporation (NYSE: VHC) today announced that it participated in the U.S. Navy Expeditionary Combat Command (NECC) sponsored technology demonstrations during the Rim of the Pacific (RIMPAC) 2024, a large-scale international maritime exercise at Ford Island, Oahu, Hawaii. At RIMPAC 2024, VirnetX successfully demonstrated how its technology connected users on Android, MacOS and iOS via different networks including cellular and WIFI for secure video conferencing using VirnetX's War Room. VirnetX also demonstrated War Room's secure video conferencing from ship to shore environments.

"The successful demonstrations at RIMPAC 2024 allowed us to showcase the unique value of VirnetX's secure connection technology in a dynamic environment," said Lt. General (Ret.) Dan Leaf, a VirnetX Defense Advisor. "From day-to-day static situations to the most challenging operations in conflict or humanitarian assistance, VirnetX can fill defense needs for security, stealth, and flexibility."

"In terms of presenting our technology it doesn't get any bigger than RIMPAC," said Kendall Larsen, VirnetX CEO and President. "Touted as the world's largest international maritime warfare exercise, RIMPAC gave us the opportunity to demonstrate how War Room secure video conferencing can be utilized across all platforms with no geographical boundaries under the most critical military circumstances."

About RIMPAC
Rim of the Pacific (RIMPAC) is a large-scale international maritime warfare exercise. Held biennially, the exercise is designed to foster and sustain cooperative relationships, critical to ensuring the safety of sea lanes and security in support of a free and open Indo-Pacific region. The exercise, which takes place in the waters surrounding the Hawaiian Islands, is a unique training platform designed to enhance interoperability and strategic maritime partnerships. For more information, go to https://www.cpf.navy.mil/RIMPAC/.

About Lieutenant General USAF (Ret.) Dan Leaf
Lt. General (Ret.) Leaf's 33-year Air Force career culminated into his position as Deputy Commander of U.S. Pacific Command. He has worked with leaders of every nation in the Indo-Asia Pacific region except North Korea. He is a decorated combat fighter pilot and leader and has executive industry experience as a Vice President at Northrup Grumman. From 2012-2017, he was the Director of DoD's Daniel K. Inouye Asia-Pacific Center for Security Studies.

About VirnetX
VirnetX Holding Corporation is an Internet security software and technology company with industry-leading, patented technology for Zero Trust Network Access ("ZTNA") based secure network communications. VirnetX's software and technology solutions, including its Secure Domain Name Registry and Technology, VirnetX One™, VirnetX War Room™, VirnetX Matrix™, and Gabriel Connection Technology™, are designed to be device and location independent, and enable a secure real-time communication environment for all types of enterprise applications, services, and critical infrastructures. For more information, please visit www.virnetx.com

Special Note Regarding Forward-Looking Statements
This press release should be read in conjunction with our filings with the Securities and Exchange Commission.  Statements herein may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

These forward-looking statements are based upon our current expectations, estimates, assumptions, and beliefs concerning future events and conditions and may discuss, among other things, expectations regarding the success of the demonstrations at RIMPAC 2024 and its impact on our business as well as the continued development of our product and  our ability to provide and enhance security for defense communications and data management to government and commercial partners. Any statement that is not historical in nature is a forward- looking statement and may be identified by the use of words and phrases such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "will be," "will continue," "will likely result in," and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties, and other factors, many of which are outside our control, and could cause actual results to differ materially from such statements and from our historical results and experience. These risks, uncertainties and other factors include, but are not limited to risks detailed in our filings with the Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K, filed on March 15, 2024. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results and that the risks described herein should not be considered a complete list. Any forward-looking statement speaks only as of the date on which such statement is made.

EXCEPT AS REQUIRED BY LAW, WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

Contact:
Investor Relations
VirnetX Holding Corporation
415.505.0456
ir@virnetx.com

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SOURCE VirnetX Holding Corporation

FAQ

What technology did VirnetX (VHC) demonstrate at RIMPAC 2024?

VirnetX demonstrated its secure connection technology, including War Room secure video conferencing, which connected users on Android, MacOS, and iOS via cellular and WIFI networks, as well as ship-to-shore secure communications.

How did VirnetX's (VHC) participation in RIMPAC 2024 impact its business prospects?

Participation in RIMPAC 2024 allowed VirnetX to showcase its technology to potential military clients, demonstrating its capabilities in critical defense applications and potentially opening new business opportunities in the defense sector.

What platforms did VirnetX's (VHC) War Room support during the RIMPAC 2024 demonstration?

VirnetX's War Room demonstrated support for Android, MacOS, and iOS platforms during the RIMPAC 2024 technology demonstrations.

When and where did VirnetX (VHC) participate in the RIMPAC 2024 exercise?

VirnetX participated in RIMPAC 2024 on July 22, 2024, at Ford Island, Oahu, Hawaii, as part of the U.S. Navy Expeditionary Combat Command sponsored technology demonstrations.