Virogen Announces Plans to License Its Data Encryp
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Virogen Announces Plans to License Its Data Encryption and Tracking Solutions Overseas
SAN GERONIMO, Calif., Jan. 19, 2012 (GLOBE NEWSWIRE) -- Virogen Inc. (OTC:VRNI), a holding company specializing in data security and encryption technology, today announced that the company is in discussions to license its proprietary technology to an investment group that will focus on marketing solutions within the network security space worldwide.
The investment group and the proposed management team have high level contacts in banking and finance and primary industries worldwide and plans to form an entity based on the suite of tools developed and marketed by the company's wholly owned subsidiary, Tiger Team Technologies "T3" that focus on enterprise-level data encryption and tracking solutions. T3 expects to conclude a licensing agreement by the end of the first quarter and realize significant revenue streams from the agreement by the fourth quarter 2012. Specific terms of the licensing agreement are yet to be determined.
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