VirnetX Agrees to ATIS' Policy Request

VirnetX Holding Corporation VHC today announced that at the request of the Alliance for Telecommunications Industry Solutions, it has agreed to update its licensing declaration to ATIS under ATIS' Intellectual Property Rights policy. This is in response to VirnetX's March 14, 2011, Statement of Patent Holder identifying a group of its patents and patent applications that VirnetX believes are or may become essential to certain developing specifications in the 3GPP LTE, SAE project. VirnetX will make available a non-exclusive patent license under FRAND (fair, reasonable and non-discriminatory terms and conditions, with compensation) to 3GPP members desiring to implement the Technical Specifications identified by VirnetX, as set forth in the updated licensing declaration under ATIS' IPR policy. "This is a key and important event for us as ATIS is the North American Organizational Partner for the 3rd Generation Partnership Project (3GPP) and we are now listed in their database," said Kendall Larsen, VirnetX CEO and President. "More than 200 North American companies actively formulate standards in ATIS' Committees covering issues including Internet Protocol Based Wireless Technologies and Cloud Services. As an American company, VirnetX is uniquely positioned to license its essential security patents to ATIS members as they move into 4G."