ZEPHYR COVE, Nev., March 20, 2017 /PRNewswire/ -- VirnetX™
Holding Corporation (NYSE MKT: VHC), an Internet security software
and technology company, announced today that Gabriel Secure
Communications user, Schmid Tool and Engineering, is expanding its
Gabriel Secure Communications usage to include clients and
vendors. Currently, Schmid Tool and Engineering's employees
use Gabriel for all internal communications, including file
transfers of sensitive military Technical Data Packages under
International Traffic in Arms Regulations (ITAR). Schmid Tool
and Engineering was initially part of Gabriel's pilot programs.
"We currently use the Gabriel secure platform for all internal
communications," said Eric Schmid,
Schmid Tool and Engineering Vice President. "Schmid Tool serves the firearms industry, both
military and commercial. We employ 170 people and work in the
fast-paced world of manufacturing, where all of our and our
customers' Technical Data Packages (TDP) need to be kept secure.
Working in the Department of Defense (DOD) arena we are always in
possession of Military TDPs and have a responsibility to be ITAR
compliant. Gabriel assists us in our compliance with ITAR as well
as securing our internal communications. Our engineering team uses
Gabriel to create project groups to easily manage data and keep the
group and project up to date and informed. We will soon be
using Gabriel to share information on our customer and vendor
portals. These portals are essentially a drive that our customers
and vendors will have access to through Gabriel. Sharing these
drives, we will be able to transfer files with our customers and
vendors securely."
About Schmid Tool and Engineering
Schmid Tool and Engineering is a third generation, woman owned,
family business. Established in 1943 in the Chicago area it operates a clean modern
facility and has 170 employees. Having started as a tool and die
shop, Schmid Tool and Engineering developed over time into a
full-service computer numeric controlled contract machine shop that
primarily services the Firearms industry both Military and
commercial. Schmid Tool and Engineering is a first and second tier
supplier to the Department of Defense.
About VirnetX Gabriel
The Gabriel Collaboration Suite™ is a set of easy to use,
essential applications, that allow businesses and users to
communicate and collaborate with their peers in a secure,
end-to-end encrypted environment. The essential applications
include, Secure Mail, Secure Messaging, Secure Voice Call, Secure
Video Call, Secure Share & Sync and Secure Gateway Service, all
accessible through an integrated and easy to use interface on
mobile or desktop devices. VirnetX's Gabriel Secure Gateway Service
allows users to configure and remotely access all their private
network services, e.g. web cameras, home security monitoring
systems, or personal data storage (movies, photographs, etc.),
without disclosing private network information or opening special
ports that can make them vulnerable to malicious hacking or
attacks.
Built on top of the Gabriel Secure Communication
Platform™, it uses VirnetX's patented Gabriel Connection
Technology™ to automatically perform user authentication,
cryptographic peer device authentication and security policy
enforcement over an 'invisible network' created by using a
unique virtual encrypted secure communications infrastructure. For
more information, please visit www.gabrielsecure.com
About VirnetX
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
Forward Looking Statements
Statements in this press release that are not statements of
historical or current fact, including statements regarding
the strength of VirnetX's intellectual property, constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on expectations, estimates and
projections about the markets in which the Company operates,
management's beliefs, and certain assumptions made by management
and 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, including but not limited to (1) the outcome of any
legal proceedings that have been or may be initiated by the Company
or that may be initiated against the Company, including pending and
future inter partes review proceedings in the Patent and Trademark
Office; (2) the ability to capitalize on the Company's patent
portfolio and generate licensing fees and revenues; (3) the ability
of the Company to be successful in entering into licensing
relationships with its targeted customers on commercially
acceptable terms; (4) potential challenges to the validity of the
Company's patents underlying its licensing opportunities; (5) the
ability of the Company to achieve widespread customer adoption of
the Company's Gabriel Communication Technology™ and its secure
domain name registry; (6) the level of adoption of the 3GPP Series
33 security specifications; (7) whether or not the Company's
patents or patent applications may be determined to be or become
essential to any standards or specifications in the 3GPP LTE, SAE
project or otherwise; (8) the extent to which specifications
relating to any of the Company's patents or patent
applications may be adopted as a final standard, if at
all; and (9) the possibility that Company may be adversely affected
by other economic, business, and/or competitive factors. 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
Company's Quarterly Report on Form 10-Q filed with the SEC on
March 16, 2017. Many of the factors
that will determine the outcome of the subject matter of this press
release are beyond the Company's ability to control or predict.
Except as required by law, the Company is under no duty to
update any of the forward-looking statements after the date of this
press release to conform to actual results.
Contact:
Investor Relations
VirnetX Holding Corporation
775.548.1785
ir@virnetx.com
VirnetX, Gabriel Collaboration Suite, Gabriel Secure
Communications Platform and GABRIEL Connection Technology are
trademarks of VirnetX Holding Corporation. Other company and
product names may be trademarks of their respective owners.
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SOURCE VirnetX Holding Corporation