VirnetX Establishes CRADA with AFRL/RI

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Cooperative Research and Development Agreement with the Air Force Research Laboratory Intelligence Systems Directorate

ZEPHYR COVE, Nev., Oct. 9, 2024 /PRNewswire/ -- VirnetX Holding Corporation (NYSE: VHC) today announced that it has entered into a Cooperative Research and Development Agreement (CRADA) with the Air Force (AF) Research Laboratory Intelligence Systems Directorate (AFRL/RI) to facilitate collaboration on cybersecurity and Zero Trust technologies to support integrated surveillance and reconnaissance operations as well as AF and joint targeting processes. The work conducted under this CRADA is expected to provide the avenue to secure and obfuscate AF targeting, processing, dissemination, and intelligence technology, enabling AF to take advantage of the latest research and developments in commercially available cybersecurity technology and reduce its IT attack surface in a joint, all-domain environment.

About CRADA

A Cooperative Research and Development Agreement (CRADA) is an agreement between a Federal laboratory and a non-Federal party to perform collaborative research and development in any area that is consistent with the Federal laboratory's mission. CRADAs are a frequently used mechanism for formalizing interactions and partnerships between private industry and national research labs and the only mechanism for receiving funds from non-Federal sources for collaborative work.

About VirnetX

VirnetX Holding Corporation is an Internet security software and technology company with industry-leading, patented technology for Zero Trust Network Access ("ZTNA") based secure network communications. VirnetX's team includes experts on technologies related to hiding, securing, and transporting critical communications data, using advanced cryptography, PKI, block chain, and more, between sub-system components and mission tools, capabilities, and applications for secure end-to-end communications. VirnetX's software and technology solutions, including its Secure Domain Name Registry and Technology, VirnetX One™, VirnetX War Room™, and VirnetX Matrix™, are designed to be device and location independent, and enable a secure real-time communication environment for all types of enterprise applications, services, and critical infrastructures. For more information, please visit www.virnetx.com.

Special Note Regarding Forward-Looking Statements

This press release should be read in conjunction with our filings with the Securities and Exchange Commission. Statements herein may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

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