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JACKSONVILLE, Fla., Sept. 21, 2016 -- ParkerVision, Inc. (NASDAQ:PRKR), a developer, manufacturer and marketer of semiconductor technology solutions for wireless applications, announced today that its hearing at the International Trade Commission (“ITC”) against Qualcomm, Apple, and LG has been rescheduled to begin March 13, 2017. The hearing had previously been scheduled for August 2016 but was delayed by the Commission for medical reasons.
ParkerVision’s hearing in Munich Regional Court for its German infringement action against LG is scheduled to be held on November 10, 2016 and the Company expects a decision in this German case shortly after the hearing. The German court has ordered a settlement conference between the parties as part of the hearing and furthermore has encouraged the parties to be prepared to negotiate for an overall settlement of all disputes between the parties, as opposed to the German action alone.
ParkerVision CEO, Jeffrey Parker, stated, “While we had hoped to present our case to the ITC before the end of the year, we remain encouraged despite this scheduling delay, in particular because our action in Germany is moving along at a rapid pace. We look forward to a near-term resolution in that jurisdiction. The defense and enforcement of our intellectual property rights requires a global strategy, and we will continue to pursue resolution of these matters both in and outside of court in jurisdictions where we have secured patent rights.”
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 and June 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 [email protected] or Don Markley The Piacente Group 212-481-2050 [email protected]
