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PARKERVISION, INC.

Delayed Nasdaq  -  03:34:01 2018-08-20 pm EDT
0.3700 USD   +17.46%
03/28PARKERVISION INC Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-K)
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02/07Intel, ParkerVision settle chip patent lawsuit during Texas trial
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02/07Intel, ParkerVision settle chip patent lawsuit during Texas trial
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ParkerVision Expands German Infringement Case Against Apple

02/13/2017 | 07:01am EDT

JACKSONVILLE, Fla., Feb. 13, 2017 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (NASDAQ:PRKR), a developer, manufacturer and marketer of semiconductor technology solutions for wireless applications, announced today that its wholly-owned German subsidiary, ParkerVision GmbH, has amended its complaint against Apple, Inc., Apple Distribution International and Apple Retail Germany B.V. & Co. KG (collectively, “Apple”) adding the infringement of the German part of European Patent 1 135 853. This amended complaint also expands the accused products to include the Apple iPhone 7 and iPhone 7 Plus which use Intel’s PMB5750 transceiver chip, which is based on Intel’s SMARTi architecture. 

At the Company’s request, the Munich Regional Court bifurcated the new claims into a second case separate from the original Apple case.  This second case is scheduled for a hearing on June 29, 2017.  The original complaint against Apple remains scheduled for a hearing on May 4, 2017 and accuses Apple products of infringement of the German part of European patent 1 206 831 (“the ‘831 Patent”).  This first case includes the iPhone 6, iPhone 6s and the iPad Air 2 devices, which incorporate Qualcomm transceivers. 

Jeffrey Parker, CEO of ParkerVision stated, “We continue to assert that our technology has been broadly deployed in mobile devices without our authorization, leading to the expansion of our case to include Apple’s products that incorporate Intel chips.  With a number of important milestones both in the U.S and German courts occurring over the coming months, we remain committed to the achievement of equitable business resolutions to these matters.”

In November 2016, the Munich Regional Court held that LG Electronics Deutschland, GmbH, a German subsidiary of LG Electronics, Inc. (“LG”) infringes the ‘831 Patent but stayed the proceedings pending resolution of the related nullity, or invalidity, action in the German Federal Patent Court.  A preliminary decision in the nullity action is expected by March 2017.  The Company is also scheduled for a hearing at the U.S. International Trade Commission beginning March 14, 2017 in its case against Apple, LG and Qualcomm.

About ParkerVision
ParkerVision, Inc. designs, develops and markets its proprietary radio-frequency (RF) technologies, which enable advanced wireless solutions for current and next generation communications networks. Protected by a highly-regarded, worldwide patent portfolio, the Company’s solutions for wireless transfer of RF waveforms address the needs of a broad range of wirelessly connected devices for high levels of RF performance coupled with best-in-class power consumption.  For more information please visit www.parkervision.com.  (PRKR-G).

Safe Harbor Statement
This press release contains forward-looking information.  Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made.  Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s SEC reports, including the Form 10-K for the year ended December 31, 2015 and the Forms 10-Q for the quarters ended March 31, June 30, and September 30, 2016.  These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

Contact:
Cindy Poehlman  
Chief Financial Officer
ParkerVision, Inc. 
904-732-6100
cpoehlman@parkervision.com  

or 

Matt Steinberg
The Piacente Group
212-481-2050
parkervision@tpg-ir.com



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© GlobeNewswire 2017
All news about PARKERVISION, INC.
03/28PARKERVISION INC Management's Discussion and Analysis of Financial Condition and Resul..
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02/07Intel, ParkerVision settle chip patent lawsuit during Texas trial
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02/07Intel, ParkerVision settle chip patent lawsuit during Texas trial
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2022Parkervision Inc : Entry into a Material Definitive Agreement, Unregistered Sale of Equity..
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Managers and Directors
Jeffrey L. Parker Chairman & Chief Executive Officer
Cynthia L. French Chief Financial Officer
Frank N. Newman Independent Director
Paul A. Rosenbaum Independent Director
Robert Greene Sterne Independent Director
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