VirnetX Signs Licensing Deal with Seimens

Siemens is the small player in all of this patent infringement madness. But it validates what the good folks over at VHC have been saying all along.

Cisco and Avaya are next. If they choose to avoid the easy route and license VHC’s technology, they will lose by trial, triple damages, and pay billions in damages.

RESTON, Va. and ZEPHYR COVE, Nev., Jan. 29, 2013 /PRNewswire/ — VirnetX Holding Corp. (NYSE MKT: VHC) and Siemens Enterprise Communications GmbH & Co. KG, and Siemens Enterprise Communications Inc., today announced they have signed a Patent License Agreement, which will allow VirnetX to license certain of its patents to Siemens Enterprise Communications, for a one-time payment to VirnetX and an ongoing reasonable royalty for future sales. The agreement will extend through the expiration of the licensed patents with respect to certain current and future IP-encrypted products.
In addition, VirnetX and Siemens Enterprise Communications have agreed to dismiss the patent infringement case brought by VirnetX against Siemens before the U.S. District Court for the Eastern District of Texas.
“We are pleased to have come to an agreement with Siemens Enterprise Communications on terms consistent with our VirnetX IP Licensing program,” said Kendall Larsen, VirnetX CEO and President.

There is more news to come.