Business
VirnetX Announces Partnership and Equity Position in OmniTeq
VirnetX Teams Up with AI and Predictive Analytics Firm for Advanced Cybersecurity and Protective AI Offerings ZEPHYR COVE, Nev., Aug. 22, 2023 /PRNewswire/ --
About this update from Virnetx Holding Corp
[{"type":"text","content":"VirnetX Teams Up with AI and Predictive Analytics Firm for Advanced Cybersecurity and Protective AI Offerings\nZEPHYR COVE, Nev., Aug. 22, 2023 /PRNewswire/ -- VirnetX Holding Corporation (NYSE: VHC) today announced it has signed an agreement for an equity investment in OmniTeq, a prominent provider of customized military and government Artificial Intelligence (AI) solutions. VirnetX takes an equity position in OmniTeq and will become the exclusive provider of cybersecurity solutions for OmniTeq's AI offerings. Along with collaborative development of next-generation cybersecurity and protective AI solutions, OmniTeq will sell VirnetX's Matrix and War Room products to their customers.\n\"VirnetX is extremely excited to partner with OmniTeq. Our equity position demonstrates our confidence in OmniTeq's strategic direction and innovation,\" said Kendall Larsen, VirnetX CEO and President. \"OmniTeq is a cutting-edge company in the military and AI space with their product AThENA. We look forward to integrating AThENA with VirnetX Matrix and War Room into Samsung display products that we believe will create the ultimate secure and smart environment.\" \nOmniTeq will also participate in selling VirnetX Matrix and War Room secured Samsung display products into which they plan to integrate AThENA and offer this package to their existing federal and commercial customers, including Colliers International, Skinwalker Ranch and the US military.\n\"OmniTeq is delighted to collaborate with VirnetX, and their equity stake underscores our mutual commitment to shaping the future,\" stated Jim Royston, CEO of OmniTeq. \"In today's digital landscape, there's a pressing need to merge artificial intelligence, machine learning, and cybersecurity to authenticate and protect our clients' most sensitive data. The capability to deliver intelligent and secure online products and services represents the next wave of innovation. By integrating OmniTeq's AI offerings and our AThENA product with VirnetX's Matrix and War Room, we aim to bring unparalleled cybersecurity solutions and protective AI to the marketplace.\"\nThrough this integration, VirnetX and OmniTeq plan to bring together world-class technologies to provide joint customers with significant innovation benefits and comprehensive security protection. \n\"In a world where digital threats are ever-evol...