VirnetX And Avaya Sign A Joint Patent License Agreement

VirnetX Holding Corp.

today announced that on August 7, 2013, it signed a Patent License Agreement (the "Agreement") with Avaya Inc. Under the terms of the Agreement, VirnetX has agreed to license certain of its patents to Avaya, in exchange for multiple payments to VirnetX and an ongoing reasonable royalty for future sales through the expiration of the licensed patents as outlined in the Agreement with respect to certain current and future IP-encrypted products. In further consideration, Avaya has agreed to license certain of its patents to VirnetX for its ongoing Gabriel technology product development. Under the terms of the Agreement, the Parties have also agreed to dismiss the patent infringement case brought by VirnetX before the U.S. District Court for the Eastern District of Texas. All other aspects of the agreement were not disclosed. "We are pleased to have come to an agreement with Avaya on terms consistent with our VirnetX IP Licensing Program," said Kendall Larsen, VirnetX CEO and President. "This cross licensing agreement allows both companies to develop new or enhanced products for various existing or emerging markets." About VirnetX VirnetX Holding Corporation is an Internet security software and technology company with patented technology for 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 23 U.S. and 41 international patents and over 100 pending applications. For more information, please visit www.virnetx.com.