ZEPHYR COVE, Nev., Jan. 11, 2021 /PRNewswire/ -- VirnetX™ Holding
Corporation (US NYSE: VHC), an Internet security software and
technology company, announced today that it has hired Darl McBride as Chief Operating Officer (COO)
for its Japanese subsidiary, VirnetX KK, reporting to VirnetX CEO
and President, Kendall Larsen.
McBride will further VirnetX's technology licensing efforts in
Japan including working with IP
Dream, a Japanese based strategic technology distributor and
service provider.
Previously, McBride headed up Novell's dramatic growth in
Japan by partnering with Masa Son,
founder and CEO of Softbank and Kazuya
Watanabe (former NEC PC President.) Together, they built a
joint venture between Novell and Softbank that turned into a
billion-dollar company and Novell's largest profit center outside
of the Americas. McBride speaks fluent Japanese and has lived
in Japan for 4 years.
"Darl will be a great resource to achieving our licensing
objectives in Japan," said
Kendall Larsen, VirnetX CEO and
President. "Darl knows the technological and cultural
landscape of Japan as illustrated
in his success with Novell."
"I believe VirnetX's asset rich technology is poised for
explosive growth in Japan and
other Asian markets," said Darl
McBride, VirnetX KK COO. "I'm excited to join the
VirnetX team to facilitate this growth in concert with IP Dream and
other established Japanese relationships."
Most recently, McBride was Founder and CEO of Shout, a global
fan engagement company for sports and entertainment businesses that
developing Apps to reach over 140 million fans worldwide. Prior to
that he was President and CEO of software company SCO Group. He
graduated Magna Cum Laude with a BA degree from Brigham Young University and has an MA in
Industrial Relations from the University of
Illinois at Urbana-Champaign where he was awarded a Merit
Fellowship.
McBride has been featured by many media outlets including
Fortune magazine, Wired, Wall Street Journal, Business Week, CNN,
and CNBC. He has also been a keynote speaker at global events
ranging from COMDEX in Las Vegas,
Networld + Interop in Russia,
Japan Government Technology Conference in Tokyo, DEMO new technology conference and at
the Harvard/MIT Intellectual Property in the Digital Age
Seminar.
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 http://www.virnetx.com/.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact, including the statement regarding
VirnetX's (the "Company") licensing efforts and its proposed
expansion in Japan and
Asia, may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on expectations, estimates and
projections, and certain assumptions made by management and involve
known and unknown risks, uncertainties and other unknown factors
that could cause the actual results of the Company to be materially
different from the historical results or from any future results
expressed or implied by such forward-looking statements, including
but not limited to, including but not limited to (1) the
outcome of any legal proceedings that have been or may be initiated
by the Company or that may be initiated against the Company,
including pending and future inter partes review proceedings in the
Patent and Trademark Office and appeals therefrom; (2) the ability
to capitalize on patent portfolio and generate licensing fees and
revenues; (3) the ability of the Company to be successful in
entering into licensing relationships with its targeted customers
on commercially acceptable terms, including in Japan; (4) potential challenges to the
validity of the Company's patents underlying its licensing
opportunities; (5) the ability of the Company to achieve widespread
customer adoption of the Company's Gabriel Communication
Technology™ and its secure domain name registry; (6) the level of
adoption of the 3GPP Series 33 security specifications; (7) whether
or not the Company's patents or patent applications may be
determined to be or become essential to any standards or
specifications in the 3GPP LTE, SAE project or otherwise; (8) the
extent to which specifications relating to any of the Company's
patents or patent applications may be adopted as a final
standard, if at all; and (9) the possibility that Company may be
adversely affected by other economic, business, and/or competitive
factors. The forward-looking statements contained
herein are also subject generally to other risks and uncertainties
that are described from time to time in the Company's reports and
registration statements filed with the Securities and Exchange
Commission, including those under the heading "Risk Factors" in the
Company's Annual Report on Form 10-Q filed on November 6, 2020 and subsequent filings with the
Securities and Exchange Commission, as applicable. Many of the
factors that will determine the outcome of the subject matter of
this press release are beyond the Company's ability to control or
predict. Except as required by law, the Company is under no
duty to update any of the forward-looking statements after the date
of this press release to conform to actual results.
Contact:
Investor Relations
VirnetX Holding Corporation
415.505.0456
ir@virnetx.com
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SOURCE VirnetX Holding Corporation