Finjan Holdings (FNJN) Issues Shareholder Update; Outlines Upcoming Events in March

March 10, 2015 8:48 AM EDT
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Finjan Holdings (Nasdaq: FNJN) 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.



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