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JACKSONVILLE, Fla., July 24, 2017 -- ParkerVision, Inc. (Nasdaq:PRKR) (“ParkerVision”), today provided an update to its on-going patent licensing program by announcing the Company had re-filed its claims against LG Electronics and related entities (“LG”) in the District of New Jersey on Friday, July 21, 2017.
ParkerVision withdrew the pending district court claims against LG from the Jacksonville case as a precaution to remove uncertainty related to the propriety of venue in the Middle District of Florida after the recent Supreme Court decision in TC Heartland; TC Heartland LLC v. Kraft Foods Grp. Brands LLC, 137 S. Ct. 1514 (2017). ParkerVision has been advised that the still pending Jacksonville case against Qualcomm and Apple should be unaffected by this re-filing. The decision to dismiss and re-file the LG case was solely intended to manage potential challenges by LG related to venue and not an indication of any difference in the substantive case against LG and the other parties (Apple and Qualcomm) remaining in Jacksonville. This action was done in response to the recent Supreme Court ruling regarding proper venue in patent infringement actions.
The district court in Jacksonville also recently issued its Case Management and Scheduling Order. Some of the key dates set by the court are: November 16th for the parties to file initial Claim Construction (Markman) briefs on disputed terms, which are required to be 10 terms or less; Reply Briefs to Claim Construction briefs are due by mid-December, and the Claim Construction (Markman) hearing is scheduled to occur by mid-January 2018.
About ParkerVision, Inc.
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, 2016 and the Form 10-Q for the quarter ended March 31, 2017. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
Cindy Poehlman Chief Financial Officer ParkerVision, Inc. 904-732-6100, [email protected] Laurie Little The Piacente Group 212-481-2050 [email protected]
