VirnetX Participates at RIMPAC 2024
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.
VirnetX Holding (NYSE: VHC) ha partecipato alle dimostrazioni tecnologiche sponsorizzate dal Comando di Combattimento Espressivo della Marina degli Stati Uniti (NECC) durante RIMPAC 2024, un grande esercizio marittimo internazionale alle Hawaii. L'azienda ha mostrato con successo la sua tecnologia di connessione sicura, dimostrando come ha connesso gli utenti su diverse piattaforme attraverso vari reti per videoconferenze sicure utilizzando la War Room di VirnetX. Le dimostrazioni hanno incluso videoconferenze sicure da nave a terra, sottolineando il potenziale della tecnologia per applicazioni di difesa in termini di sicurezza, stealth e flessibilità.
Il tenente generale (in pensione) Dan Leaf, un consulente per la difesa di VirnetX, ha sottolineato il valore unico della tecnologia di VirnetX in ambienti dinamici, dalle situazioni quotidiane alle operazioni difficili in contesti di conflitto o assistenza umanitaria. Il CEO Kendall Larsen ha evidenziato l'importanza di presentarsi a RIMPAC, il più grande esercizio internazionale di guerra marittima al mondo, mostrando le capacità della War Room su piattaforme senza limitazioni geografiche.
VirnetX Holding (NYSE: VHC) participó en las demostraciones tecnológicas patrocinadas por el Comando de Combate Expedicionario de la Armada de EE. UU. (NECC) durante RIMPAC 2024, un gran ejercicio marítimo internacional en Hawái. La compañía presentó con éxito su tecnología de conexión segura, demostrando cómo conectó a los usuarios en varias plataformas a través de diferentes redes para videoconferencias seguras usando la War Room de VirnetX. Las demostraciones incluyeron videoconferencias seguras de barco a costa, destacando el potencial de la tecnología para aplicaciones de defensa en términos de seguridad, sigilo y flexibilidad.
El teniente general (retirado) Dan Leaf, asesor de defensa de VirnetX, enfatizó el valor único de la tecnología de VirnetX en entornos dinámicos, desde situaciones cotidianas hasta operaciones desafiantes en conflictos o asistencia humanitaria. El CEO Kendall Larsen afirmó la importancia de presentar en RIMPAC, el ejercicio de guerra marítima internacional más grande del mundo, mostrando las capacidades de la War Room en plataformas sin limitaciones geográficas.
VirnetX 홀딩 (NYSE: VHC)은 RIMPAC 2024 동안 미국 해군 원정 전투 사령부 (NECC)가 주최하는 기술 시연에 참여했습니다. 이는 하와이에서 열린 대규모 국제 해양 훈련입니다. 이 회사는 보안 연결 기술을 성공적으로 선보이며, VirnetX의 워룸을 통해 다양한 네트워크를 통해 사용자를 연결하는 방법을 시연했습니다. 시연에는 함선과 육상 간의 안전한 비디오 회의가 포함되어, 보안, 스텔스 및 유연성 측면에서 방어 응용 프로그램의 잠재력을 강조했습니다.
은퇴한 댄 리프 중장(VirnetX 방위 고문)은 VirnetX 기술의 독특한 가치를 역동적인 환경에서 강조하며, 일상적인 상황부터 갈등이나 인도적 지원의 도전적인 작전까지를 설명했습니다. CEO인 켄달 라슨은 지리적 제한 없이 플랫폼별로 워룸의 기능을 선보이는 것이 세계 최대의 국제 해양 전투 훈련인 RIMPAC에서 발표하는 것의 중요성을 언급했습니다.
VirnetX Holding (NYSE: VHC) a participé aux démonstrations technologiques parrainées par le Commandement des Combats Expéditionnaires de la Marine des États-Unis (NECC) durant RIMPAC 2024, un exercice maritime international de grande envergure à Hawaï. L'entreprise a présenté avec succès sa technologie de connexion sécurisée, démontrant comment elle a connecté des utilisateurs sur diverses plateformes via différents réseaux pour des vidéoconférences sécurisées en utilisant la War Room de VirnetX. Les démonstrations comprenaient des vidéoconférences sécurisées de navire à terre, soulignant le potentiel de la technologie pour des applications de défense en matière de sécurité, de furtivité et de flexibilité.
Le général de corps d'armée (à la retraite) Dan Leaf, conseiller en défense de VirnetX, a souligné la valeur unique de la technologie de VirnetX dans des environnements dynamiques, allant des situations quotidiennes aux opérations difficiles dans le cadre de conflits ou d'assistance humanitaire. Le PDG Kendall Larsen a noté l'importance de se présenter lors de RIMPAC, le plus grand exercice international de guerre maritime au monde, mettant en avant les capacités de la War Room sur des plateformes sans limitations géographiques.
VirnetX Holding (NYSE: VHC) nahm an den von dem U.S. Navy Expeditionary Combat Command (NECC) gesponserten Technologiedemonstrationen während RIMPAC 2024 teil, einem groß angelegten internationalen maritimen Manöver in Hawaii. Das Unternehmen präsentierte erfolgreich seine sichere Verbindungstechnologie und zeigte, wie es Benutzer über verschiedene Plattformen hinweg über unterschiedliche Netzwerke für sichere Videokonferenzen mit der War Room von VirnetX verband. Die Demonstrationen umfassten sichere Videokonferenzen von Schiff zu Land und hoben das Potenzial der Technologie für Verteidigungsanwendungen in den Bereichen Sicherheit, Stealth und Flexibilität hervor.
Der pensionierte Generalleutnant Dan Leaf, Verteidigungsberater von VirnetX, betonte den einzigartigen Wert der Technologie von VirnetX in dynamischen Umgebungen – von alltäglichen Situationen bis hin zu herausfordernden Einsätzen in Konfliktsituationen oder humanitärer Hilfe. CEO Kendall Larsen wies auf die Bedeutung der Präsentation bei RIMPAC hin, dem weltweit größten internationalen Mariensicherheitstraining, und hob die Fähigkeiten der War Room auf Plattformen ohne geografische Einschränkungen hervor.
- 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
- None.
Insights
VirnetX's successful demonstration of its secure connection technology at RIMPAC 2024 shows significant advancement in military-grade communication solutions. This event is pivotal as RIMPAC is a premier international maritime exercise and showcasing technology here means it has met rigorous standards. Secure video conferencing that operates seamlessly across different platforms and environments, including ship-to-shore, indicates robust and versatile technology. This could open doors to lucrative defense contracts, enhancing VirnetX's revenue streams and market position.
Participation in high-profile events like RIMPAC 2024 aligns VirnetX with major defense stakeholders, potentially leading to strategic partnerships or contracts. The successful demonstrations may enhance the company's credibility and attract investment, positively impacting stock value. However, the actual financial impact will depend on the conversion of these demonstrations into contracts. Retail investors should watch for subsequent announcements regarding new deals or partnerships.
The immediate financial implications of VirnetX's demonstration at RIMPAC are uncertain. Nonetheless, the potential for long-term contracts with defense agencies can significantly boost revenue. Investors should consider the company's track record in securing contracts post-demonstration and the competitive landscape in secure communication technology. While the news is promising, tangible financial benefits will hinge on follow-through and market acceptance of their technology.
Successfully Demonstrates Secure Connection Technology to U.S. Navy Expeditionary Combat Command Operational Partners
"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
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
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