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VirnetX and HTC Corporation Enter Into A Patent Standstill Agreement

22-Aug-2017 | Source : VirnetX™ Holding Corporation | Visits : 5947
ZEPHYR COVE, Nevada - VirnetX™ Holding Corporation, an Internet security software and technology company, announced in a press release that it has entered into a Patent Standstill Agreement with HTC Corporation (TWSE: 2498), a global leader in innovation and design.  The deal was facilitated by VirnetX’s licensing partner, IPVALUE Management Inc.

“This is a significant development as we continue to grow our business outside the US,” said Sameer Mathur, Vice President of Corporate Development and Product Marketing for VirnetX. “This standstill agreement gives both parties more time to discuss and negotiate a broad license, including a license to VirnetX’s LTE-related patents.”

“We are pleased to have assisted VirnetX in reaching this agreement with HTC, so that a future deal can be consummated without the need for litigation,” said Paul Riley, Vice President of Licensing for IPValue.

IPVALUE is the leading provider of Intellectual Property transactional and advisory services for the world’s premier technology companies, R&D labs, and owners of significant IP portfolios. 

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