ParkerVision, Inc. Announces Consolidation of its Two Offices in Florida to a Single Facility; Announces Terminations of John Stuckey as Chief Marketing Officer
August 23, 2018 at 08:57 am EDT
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ParkerVision, Inc. announced that on August 22, 2018, the company commenced the implementation of cost reduction measures, including a reduction in its staff and the closure of its Lake Mary, Florida office in order to reduce the company's ongoing operating expenses. The reduction will impact approximately 30 employees and will include the consolidation of the company's two offices in Florida to a single facility. In addition to the workforce reduction, the company's executives and top management employees also reduced their salaries
As part of the company's reduction in staff, the company terminated John Stuckey, Chief Marketing Officer, as a result of eliminating the Chief Marketing Officer position effective August 22, 2018.
ParkerVision, Inc. is engaged in the business of fundamental wireless technologies and products. The Company has designed and developed proprietary radio frequency (RF) technologies and integrated circuits based on those technologies, and it licenses the Companyâs technologies to others for use in wireless communication products. The Company has patent enforcement actions ongoing in various United States district courts against mobile handsets, smart television and other wireless fidelity (WiFi) product providers, as well as semiconductor suppliers, for the infringement of several of its RF patents. Its RF technologies enable transmission and reception of RF carriers at low power consumption, thereby enabling extended battery life, and certain size, cost, performance and packaging advantages. The Company is focused on the enforcement of its intellectual property rights through licensing efforts and patent infringement litigation. Its wholly owned German subsidiary is ParkerVision GmbH.
ParkerVision, Inc. Announces Consolidation of it’s Two Offices in Florida to a Single Facility; Announces Terminations of John Stuckey as Chief Marketing Officer