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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”).

These forward-looking statements are based upon our current expectations, estimates, assumptions, and beliefs concerning future events and conditions and may discuss, among other things, expectations regarding the success of our collaboration with AF, our continued research and development of cybersecurity and Zero Trust technologies, and the ability of our technologies to support integrated surveillance and reconnaissance operations and AF and joint targeting processes, to allow the security and obfuscation of AF targeting, processing, dissemination, and intelligence technology, and to enable AF to incorporate cybersecurity technology and reduce its IT attack surface. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will be,” “will continue,” “will likely result in,” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties, and other factors, many of which are outside our control, and could cause actual results to differ materially from such statements and from our historical results and experience. These risks, uncertainties and other factors include, but are not limited to risks detailed in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K, filed on March 15, 2024. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results and that the risks described herein should not be considered a complete list. Any forward-looking statement speaks only as of the date on which such statement is made.

EXCEPT AS REQUIRED BY LAW, WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

Contact:
Investor Relations
VirnetX Holding Corporation
415.505.0456
ir@virnetx.com

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SOURCE VirnetX Holding Corporation

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New Single Photon Detector on Silicon Photonics Platform Charts Path for Highly Integrated Room Temperature Quantum Computer

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MENLO PARK, Calif. and BOSTON, Oct. 9, 2024 /PRNewswire/ — Artilux, the leader of GeSi (germanium-silicon) photonics technology and pioneer of CMOS (complementary metal-oxide-semiconductor) based SWIR (short-wavelength infrared) single photon detection, announces its collaboration with Dr. Richard A. Soref, a renowned expert widely known as the “father of silicon photonics”, to jointly investigate the field of quantum information processing based on the integrated silicon photonics platform. The first result from this collaboration, recently published in APL Quantum titled “Room-temperature photonic quantum computing in integrated silicon photonics with germanium–silicon single-photon avalanche diodes”, charts a new path for “cryogenics-free” quantum information processing applications.

Currently, large-scale photonic quantum computing (PQC) systems typically consist of three main building blocks: (1) quantum sources that generate single photons, (2) quantum circuits that manipulate single photons, and (3) quantum detectors that measure single photons. Existing PQC architectures rely on superconducting nanowire single-photon detectors (SNSPDs) based on superconductors such as niobium nitride (NbN) operated at a temperature less than 4 Kelvin. Such a cryogenic cooling requirement not only consumes a huge amount of power, it also makes testing systems slow and expensive, significantly limiting wider use outside of specialized facilities.

To bring PQC systems into a revolutionary room-temperature (RT) operation paradigm, this work has proposed replacing the conventional SNSPDs with a newly designed waveguide-based germanium-silicon (GeSi) single-photon avalanche diode (SPAD) based on Artilux’s recent breakthrough published in Nature in February 2024. By combining on-chip waveguided spontaneous four-wave mixing sources, waveguided field-programmable interferometer mesh circuits, and a waveguided spatially-multiplexed array of photon-number-resolving GeSi SPADs detectors with a proper gating window, a highly integrated electronic-photonic system capable of being operated outside cryogenic environment can be realized. When benchmarked to NbN SNSPD designs, the group has further shown that the simulated RT GeSi SPAD designs might even outperform current NbN SNSPD based designs.

Dr. Richard A. Soref said, “Cryogenic modules are presently used in all photonic quantum computers and in many photonic quantum information applications, and we expect that such modules can be eliminated after experimental R&D on photonic integrated circuits (and their associated electronic circuits) confirms our predictions of performance metrics that are fully equivalent to those of the present art.”

Dr. Neil Na, Chief Scientist and CTO of Artilux, also addressed, “This unique system platform is a dream come true for many scientists and engineers, because the analyzed photonic integrated circuits combined with novel single-photon detectors can be used for room-temperature photonic quantum computing, which is significant in accelerating the R&D needed to enter the era of universal quantum computing.”

This groundbreaking collaboration between Artilux and Dr. Soref marks the first sign that RT GeSi SPADs may compete with cryogenic NbN SNSPDs in many quantum information processing applications, including quantum computation, quantum communication, quantum sensing, and quantum imaging. As the demand for quantum technology grows, this innovative approach has the potential to accelerate widespread adoption, bringing the future of RT quantum computing closer to reality. Artilux is poised to be a critical member here by continuing to push the boundaries of photonics technology, driving innovation that will shape the next generation of computing and beyond.

For more information about the paper published and featured by APL Quantum, please visit: https://pubs.aip.org/aip/apq/article/1/3/036123/3312943/Room-temperature-photonic-quantum-computing-in?searchresult=1For more information about the paper reported by Scilight, please visit: https://pubs.aip.org/aip/sci/article/2024/38/381104/3312983/Design-of-germanium-silicon-diode-points-to-roomFor more information about Artilux, please visit www.artiluxtech.com.

【About Artilux】

Since 2014, Artilux is renowned for standing at the forefront of global innovation in germanium-silicon (GeSi) photonics technology. Building upon a proven record of excellence in silicon photonics that meets the ever-growing demand in high-data throughput and low-power consumption, our dedicated team relentlessly pushes technology boundaries to further deliver fundamental science breakthroughs to expand applications from optical communications for consumer-electronics market to optical sensing, imaging, and computing. As a trailblazer in CMOS-based short-wave infrared (SWIR) photon detection technology, we provide comprehensive and cross-disciplinary solutions that drive client growth in digital health, consumer electronics, industrial, autonomous driving, mixed reality, quantum computing, and more, empowering a brighter photonics ecosystem of tomorrow. Our vision is to continually refine and lead the global evolution of photonics technology, transforming this cutting-edge technology into enriched life experiences, and enlightening the path from information to intelligence. For more information, visit www.artiluxtech.com.

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SOURCE Artilux; www.artiluxtech.com

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All Energy Solar Recognized For their Outstanding Work at ‘The Happiest Place on Earth’

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SAINT PAUL, Minn., Oct. 9, 2024 /PRNewswire/ — Last month, leaders from Minnesota’s local solar provider, All Energy Solar, were at ‘the happiest place on Earth”—not quite Disneyland, but close enough in Anaheim, California, to attend a national convention hosted by RE+.

“We’re proud to once again earn this exclusive honor, which is a testament to our outstanding team’s hard work”

RE+, formerly known as SPI, took its first steps in 2004 in San Francisco, drawing over 1,000 attendees. Today, it has grown into the largest renewable energy event in the U.S., offering networking opportunities and a wealth of education for various industries within the clean energy sector. With over 40,000 attendees and 1,300 exhibitors from around the world this year, the event provides a unique platform to learn and share knowledge about solar, storage, wind energy, electric vehicles and their infrastructure, microgrids, and fuel cells.

With 15 years of experience in the industry, All Energy Solar achieves yet another honor for outstanding work and continues to be nationally recognized. For the third consecutive year, All Energy Solar was awarded the Renewable Energy Corporation (REC) Installer of the Year title in the Central Region, which was presented at the convention.

“We’re so honored to receive this award for a third year in a row. It shows the commitment All Energy Solar has to using high-quality equipment,” said Brian Allen, Co-Founder and President. “The industry progresses in various ways to create new advancement and efficiency. It’s inspiring to see fellow industry leaders make clean energy accessible for more people.”

The U.S. Installer Awards was new in 2023, though similar events have occurred throughout Europe. RE+ and EUPD Research hosted the awards to recognize companies for their growth, performance, and commitment to transition to solar power. All Energy Solar achieves the highest level of recognition as a Top Brand PV Installer for another year.

“We’re proud to once again earn this exclusive honor, which is a testament to our outstanding team‘s hard work, our track record in the marketplace and our overall company growth,” said Michael Thalhimer, Director of Business Development at All Energy Solar. “We understand that very few companies nationally have received this award, so it means a great deal to be acknowledged for our role as a leader in the solar industry.”

All Energy Solar offers a variety of services including residential solar, commercial solar, energy storage, electric vehicle chargers, smart electric panels, and roofing in limited locations. The company installs residentially in Illinois, Iowa, Massachusetts, Minnesota, New Hampshire, and Wisconsin, and performs commercial installations nationally and internationally.

About All Energy Solar
All Energy Solar Inc. provides a full-service solar energy integration experience for residential, commercial, agricultural, and government customers. With industry-leading certifications and full electrical and building licenses, All Energy Solar installs quality solar power systems with excellent customer service throughout the experience and after installation. www.allenergysolar.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/all-energy-solar-recognized-for-their-outstanding-work-at-the-happiest-place-on-earth-302271775.html

SOURCE All Energy Solar, Inc

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Elevate Honored with BenefitsPRO’s 2024 Luminaries Award

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Award spotlights individuals and organizations that are leading the way and impacting the benefits industry

DENVER, Oct. 9, 2024 /PRNewswire/ — Elevate, a modern consumer directed benefits administration platform, today announced it has been named to BenefitsPRO Luminaries Class of 2024 in the Leadership category.

This recognition celebrates top professionals and organizations within the benefits industry that strive to transform and humanize the field and set a bright example within the business. The 2024 honorees were selected by a panel of industry experts based on how well they stated and achieved goals with regards to the nomination category; how impactful their work has been; how dedicated the nominee has been to furthering modernization and humanization in the insurance business; and the nominee’s commitment to the highest ethical standards, as well as dedication to service and excellence.

“Our 2024 honorees are leading examples of the progress our industry continues to make toward creating more equitable, affordable benefits and transparent, high-quality health care for millions of Americans,” said BenefitsPRO Editor in Chief Paul Wilson. “BenefitsPRO is proud to once again shine a spotlight on thought leaders and innovators in our industry who are doing things the right way.”

“Building on the power of AI, Elevate is raising the standard for consumer-directed benefits. From simplified claim submission to instant feedback mechanisms, Elevate has made the employee benefits process simpler, smarter and more accessible than ever before,” said Brian Cosgray, Elevate co-founder and CEO. “We’re honored to be recognized amongst such an esteemed group of individuals and organizations committed to meeting the needs of employers and employees in a way that wasn’t previously possible without technological innovations.”

Elevate was recently recognized with several notable honors. Elevate’s co-founder and CTO, Brian Strom, was recently named an Outstanding Tech Innovator by Employee Benefits News. Elevate was also recently honored with the 2024 Tech Award for AI Innovations in Employee Benefits by Lighthouse Research & Advisory.

About Elevate
Elevate is the first completely cloud-based, API-driven, and AI-enabled consumer directed benefits platform with a focus on configurability, embeddability, and real-time automation. The all-in-one platform can manage all types of benefit accounts, from health savings accounts (HSAs) to complex health reimbursement arrangements (HRAs), and even commuter and lifestyle accounts. Elevate’s team of industry experts recognized the need for modern technology in an outdated benefits administration industry, which led to the creation of Elevate in 2020. Today, Elevate collaborates with forward-thinking partners, including professional employer organizations (PEOs), third party administrators (TPAs), health plans, benefits administrators, and financial services companies, to provide a fully integrated benefits account experience for thousands of employers and their employees across the U.S. Learn more at www.elevate.inc

View original content:https://www.prnewswire.com/news-releases/elevate-honored-with-benefitspros-2024-luminaries-award-302271778.html

SOURCE Elevate

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