Gabriel Assists DOD Contractor with ITAR Compliance
ZEPHYR COVE, Nevada.,– March 20, 2017 – VirnetX™ Holding Corporation (NYSE MKT: VHC), an Internet security software and technology company, announced today that Gabriel Secure Communications user, Schmid Tool and Engineering, is expanding its Gabriel Secure Communications usage to include clients and vendors. Currently, Schmid Tool and Engineering’s employees use Gabriel for all internal communications, including file transfers of sensitive military Technical Data Packages under International Traffic in Arms Regulations (ITAR). Schmid Tool and Engineering was initially part of Gabriel’s pilot programs.
“We currently use the Gabriel secure platform for all internal communications,” said Eric Schmid, Schmid Tool and Engineering Vice President. “Schmid Tool serves the firearms industry, both military and commercial. We employ 170 people and work in the fast-paced world of manufacturing, where all of our and our customers’ Technical Data Packages (TDP) need to be kept secure. Working in the Department of Defense (DOD) arena we are always in possession of Military TDPs and have a responsibility to be ITAR compliant. Gabriel assists us in our compliance with ITAR as well as securing our internal communications. Our engineering team uses Gabriel to create project groups to easily manage data and keep the group and project up to date and informed. We will soon be using Gabriel to share information on our customer and vendor portals. These portals are essentially a drive that our customers and vendors will have access to through Gabriel. Sharing these drives, we will be able to transfer files with our customers and vendors securely.”
About Schmid Tool and Engineering
Schmid Tool and Engineering is a third generation, woman owned, family business. Established in 1943 in the Chicago area it operates a clean modern facility and has 170 employees. Having started as a tool and die shop, Schmid Tool and Engineering developed over time into a full-service computer numeric controlled contract machine shop that primarily services the Firearms industry both Military and commercial. Schmid Tool and Engineering is a first and second tier supplier to the Department of Defense.
About VirnetX Gabriel
The Gabriel Collaboration Suite™ is a set of easy to use, essential applications, that allow businesses and users to communicate and collaborate with their peers in a secure, end-to-end encrypted environment. The essential applications include, Secure Mail, Secure Messaging, Secure Voice Call, Secure Video Call, Secure Share & Sync and Secure Gateway Service, all accessible through an integrated and easy to use interface on mobile or desktop devices. VirnetX’s Gabriel Secure Gateway Service allows users to configure and remotely access all their private network services, e.g. web cameras, home security monitoring systems, or personal data storage (movies, photographs, etc.), without disclosing private network information or opening special ports that can make them vulnerable to malicious hacking or attacks.
Built on top of the Gabriel Secure Communication Platform™, it uses VirnetX’s patented Gabriel Connection Technology™ to automatically perform user authentication, cryptographic peer device authentication and security policy enforcement over an ‘invisible network’ created by using a unique virtual encrypted secure communications infrastructure. For more information, please visit www.gabrielsecure.com
VirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 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 over 115 U.S. and international patents and over 50 pending applications. For more information, please visit www.virnetx.com
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact, including statements regarding the strength of VirnetX’s intellectual property, 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 about the markets in which the Company operates, management’s beliefs, 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 (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 (2) the ability to capitalize on the Company’s 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; (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. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” or “plans” to be uncertain and forward-looking. 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 Company’s Quarterly Report on Form 10-Q filed with the SEC on March 16, 2017. 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.
VirnetX Holding Corporation
VirnetX, Gabriel Collaboration Suite, Gabriel Secure Communications Platform and GABRIEL Connection Technology are trademarks of VirnetX Holding Corporation. Other company and product names may be trademarks of their respective owners.