Company: VHC
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001140361-25-009024
Chunk: 6

Company: VirnetX Holding Corp
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1
Chunk 6
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 of defense architectures across the entire conflict continuum. As a part of this effort, we engaged in several significant actions:

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                  We established an advisory board comprised of four retired senior U.S. Air Force leaders to assist and advise on business development and
                    operational direction of VirnetX’s Zero Trust Network Access security technology as a necessary layer of security for defense communications and data management to Department of Defense government officials and commercial contractors.

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                  We participated in the U.S. Navy Expeditionary Combat Command (NECC) sponsored technology demonstrations during the Rim of the Pacific (RIMPAC)
                    2024, a large-scale international maritime exercise at Ford Island, Oahu, Hawaii, and successfully demonstrated our VirnetX One Matrix and VirnetX’s War Room secure video conferencing from ship to shore environments. We believe our
                    technology and solutions can fill defense needs for security, stealth, and flexibility in myriad day-to-day static situations to the most challenging operations in conflict or humanitarian assistance.

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                  We participated in 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.

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                  We hired Dr. John Anthony Jamison as new VirnetX Chief Technical Officer (CTO).  Dr. Jamison brings a wealth of technology experience in the
                    intelligence community and will be instrumental as expand our participation in national defense projects and initiatives.

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                  We successfully conducted a rigorous functional and penetration testing of our VirnetX One Matrix solution by Pacific Northwest National
                    Laboratory (PNNL) with support from Johns Hopkins University Applied Physics Laboratory (JHU-APL) at the request of The United States Space Force (USSF).

Throughout 2024, we continued to actively engage in discussions with certain third-parties to pitch the capabilities of VirnetX OneTM.
            We have continued our engagement with Solution Synergy, WeSecure, Samsung, Every Data Corporation, and Object Security and are working on a number of projects to deploy our