SOURCE: Finjan Holdings, Inc.

Finjan Holdings, Inc.

March 10, 2015 08:00 ET

Finjan Provides Shareholder Update

Schedule of Finjan March Events Outlined

PALO ALTO, CA--(Marketwired - Mar 10, 2015) - Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity licensing company, today is providing shareholders with an update and schedule of key events for the month of March.

Finjan is a pioneer in the cybersecurity industry with a landmark intellectual property portfolio. The portfolio is centered on real-time behavior based threat detection and prevention technologies to combat malicious code on the Internet and over corporate networks. The Company is successfully executing on its strategic licensing and enforcement plan.

Key Milestones:

  • On March 3, 2015 the U.S. District Court for Northern District of California adopted all of Finjan's claim constructions in the case verse Sophos during the Markman hearing.
  • Finjan recently moved its headquarters to new offices in Silicon Valley, closing its offices in New York thus bringing all corporate assets collectively to California.
  • CEO Phil Hartstein participated as a delegation of CEOs to President Obama's Stanford Summit on Cyber Security and Consumer Protection.
  • Successfully sold its wholly-owned organic fertilizer subsidiary, for $675,000 in cash to focus exclusively on its web and network security technology line of business. Based on this Finjan will advance growth plans to acquire quality, synergistic technology companies with complementary IP portfolios.
  • Since successfully licensing its cybersecurity technologies to a number of major industry players that has returned, to date, over $150 million, Finjan announced its first patent licensing deal as a public company for $8 million.

"In 2014 we focused on our strategy and attention on developing a durable platform as a public company and also completed our first agreement for $8 million," commented, Phil Hartstein, CEO of Finjan. "We have already achieved key milestones in early 2015 through our successful Markman hearing outcome with Sophos. In May we are scheduled to have two additional Markman hearings against Proofpoint and Symantec. We remain committed to monetizing our existing cybersecurity related portfolio while concurrently evaluating additional complimentary technologies to bolster and diversify our asset base."

March Schedule of Events:

  • Management is presenting at the 27th Annual ROTH Investment Conference. A live webcast will be available on March 11th 12:00 pm pacific time at http://wsw.com/webcast/roth29/fnjn.
  • Finjan will be a sponsor at the Intellectual Asset Management's NPE2015 conference addressing the Business of Responsible Licensing in New York City. Phil Hartstein will participate as a speaker amongst an esteemed panel covering topics from licensing best practices, current reform initiatives, and patent policy. The conference takes place on March 12th at the Convene Convention Center, Financial District in New York. For more information on the conference please see: http://www.iam-events.com/NPE/2015/About.aspx.
  • From March 21-23, Finjan's management team will participate in the Jerusalem Venture Partners (JVP) Annual Investor meeting. As a strategic LP investor in JVP's fund VII cyberfund, Finjan will review and evaluate next generation cybersecurity technologies. The event can be viewed at: http://www.jvpam2015.com/.
  • Management will attend the Israel Cybertech conference on March 24-25 to host several meetings with cybertech companies to evaluate new technology opportunities https://www.cybertechisrael.com/.
  • Lastly, management with attend the USPTO Quality Summit Program from March 25-26 in Alexandria, VA. To view this event please go to: http://www.uspto.gov/patent/patents-announcements/uspto-quality-summit.

Finjan has patent infringement lawsuits against FireEye, BlueCoat, Proofpoint, Symantec, and Palo Alto Networks relating to, collectively, more than 20 patents in the Finjan portfolio. The '494 and '926 Patents are also asserted against Palo Alto Networks; the '918 Patent is also asserted against Palo Alto Networks and Proofpoint; and the '844 Patent is also asserted against FireEye, BlueCoat and Proofpoint. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.

ABOUT FINJAN
Founded in 1997, Finjan is recognized globally as a cybersecurity pioneer and leader. Finjan's investment in innovation is captured in its patent portfolio, centered around software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan's software detects malicious code and protects end users from identity and data theft, spyware, malware, phishing, trojans, and other online threats. To date, Finjan has successfully licensed our intellectual property to major technology companies for more than $150 million. For more information about Finjan, please visit www.finjan.com.

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Cautionary Note Regarding Forward-Looking Statements

Except for historical information, the matters set forth herein that are forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, the outcome of pending or future enforcement actions, our ability to expand our technology portfolio, the enforceability of our patents, the continued use of our technologies in the market, our stock price, changes in the trading market for our securities, regulatory developments, general economic and market conditions, the market acceptance and successful business, technical and economic implementation of Finjan Holdings' intended plan; and the other risk factors set forth from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2013, and the Company's periodic filings with the SEC, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Finjan Holdings, Inc. All forward-looking statements herein reflect our opinions only as of the date of this release, and Finjan Holdings undertakes no obligation, and expressly disclaims any obligation, to update forward-looking statements herein in light of new information or future events.