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PR Newswire
ZEPHYR COVE, Nev., Nov. 2, 2020
ZEPHYR COVE, Nev., Nov. 2, 2020 /PRNewswire/ -- VirnetX™ Holding Corporation (NYSE: VHC), an Internet security software and technology company, announced today that on October 30, 2020, a federal jury in the U.S. District Court for the Eastern District of Texas issued a $502,848,847 verdict in favor of VirnetX based on Apple's infringement of two network security patents; VirnetX US Patents No. 6,502,135 and No. 7,490,151. The case is VirnetX Inc., et al. v. Apple Inc., No. 6:12-CV-00855. The jury verdict called for damages of $0.84 per accused device since the 2013 launch of Apple's iOS 7 operating system and represents 598,629,580 infringing units from US sales only. On March 13, 2020, VirnetX was paid a $454,033,859 judgment in a separate case against Apple.
"We are very pleased with the jury's verdict," said Kendall Larsen, VirnetX CEO and President. "Once again the value of our technology has been upheld in a court of law. We are grateful to the jury for their attention, diligence and commitment during these challenging times.
About VirnetX
VirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 4G LTE and 5G 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, e-Readers and video conferencing. The Company's patent portfolio includes over 190 U.S. and foreign granted patents/validations and pending applications. For more information, please visit virnetx.com. |
