VirnetX Announces Partnership and Equity Position in OmniTeq
ZEPHYR 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.
- VirnetX takes an equity position in OmniTeq and will become the exclusive provider of cybersecurity solutions for OmniTeq 's AI offerings.
- Our equity position demonstrates our confidence in OmniTeq's strategic direction and innovation," said Kendall Larsen, VirnetX CEO and President.
- "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 a world where digital threats are ever-evolving, the alliance between OmniTeq and VirnetX stands as a beacon of resilience.