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VirnetX Holding Corporation (NYSE: VHC) is a prominent player in the field of Internet security software and technology. The company specializes in commercializing a robust portfolio of patents designed to ensure secure communications. VirnetX’s innovative solutions include the Secure Domain Name Registry, VirnetX One™, War Room™, VirnetX Matrix™, and Gabriel Connection Technology™. These technologies are engineered to be device and location-independent, providing a secure, real-time communication environment across various enterprise applications, services, and critical infrastructures.
At the core of VirnetX’s offerings is its Zero Trust Network Access (ZTNA) architecture, which ensures unparalleled security by granting access strictly based on established trust policies. The company’s secure solutions are widely applicable, benefiting industries ranging from defense and industrial cybersecurity to critical infrastructure protection. Notably, its War Room™ secure videoconferencing technology utilizes a ZTNA framework to keep user data private and safe from potential cyber threats.
Among its recent achievements, VirnetX has formed a significant technology alliance with ObjectSecurity™ LLC. This partnership aims to enhance national security and mitigate production disruptions by integrating VirnetX’s Matrix™ ZTNA solution with ObjectSecurity’s OT.AI™ Platform. This integrated approach offers real-time alerts on cybersecurity vulnerabilities, thereby remaining a step ahead of potential threats.
Additionally, VirnetX has expanded its partnership with Samsung to integrate its secure collaboration tools into Samsung's Interactive Displays. This collaboration supports high-security environments such as Skinwalker Ranch, highlighting VirnetX’s capacity to deliver advanced security solutions for specialized use cases.
Financially, VirnetX is well-positioned with a diverse patent portfolio consisting of over 200 U.S. and international patents. The company continues to innovate, having recently secured an equity investment in OmniTeq, further extending its reach into the military and AI technology sectors. This strategic investment emphasizes VirnetX's dedication to merging advanced AI with top-notch cybersecurity measures.
The company also actively collaborates with organizations like the International Association of Certified ISAOs (IACI) to support public and private sector critical infrastructures. By deploying its Matrix™ ZTNA and War Room™ technologies, VirnetX aids these sectors in safeguarding sensitive communications and ensuring operational resilience against cyber threats.
In a recent development, VirnetX has partnered with Zeleration Technology to provide enhanced cybersecurity and secure communication solutions for consulting, finance, accounting, and law sectors. This partnership focuses on leveraging VirnetX’s War Room and One Security Platform to offer zero trust principles across organizational boundaries, ensuring robust security and privacy.
VirnetX continues to be a leader in the cybersecurity landscape, constantly adapting and expanding its solutions to meet evolving threats. The company’s commitment to innovation and security positions it as a key player in protecting global communication networks.
VirnetX Holding (NYSE: VHC) has announced a Cooperative Research and Development Agreement (CRADA) with the Air Force Research Laboratory Intelligence Systems Directorate (AFRL/RI). This collaboration aims to enhance cybersecurity and Zero Trust technologies for integrated surveillance, reconnaissance operations, and Air Force targeting processes.
The CRADA is expected to provide a pathway to secure and obfuscate Air Force targeting, processing, dissemination, and intelligence technology. This initiative will allow the Air Force to leverage the latest commercially available cybersecurity technology and reduce its IT attack surface in a joint, all-domain environment.
VirnetX Holding (NYSE: VHC), an Internet security software and technology company, has received a notice from the New York Stock Exchange (NYSE) on August 28, 2024, stating that the company is not in compliance with Section 802.01B of the NYSE's Listed Company Manual. This non-compliance is due to the company's average global market capitalization over a consecutive 30 trading-day period being less than $50 million, while simultaneously having stockholders' equity below $50 million.
The notice does not immediately impact VirnetX's stock listing or business operations. The company has 45 days to submit a plan to the NYSE outlining actions to regain compliance. If accepted, VirnetX will have an 18-month cure period to meet the continued listing standards, subject to periodic review by the NYSE.
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.
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