ParkerVision Petition for Panel Rehearing Denied
October 05 2015 - 8:00AM
ParkerVision, Inc. (NASDAQ:PRKR)
(the
"Company") announced today that the United States Court of
Appeals for the Federal Circuit ("CAFC") denied its petition for a
panel rehearing of the CAFC's non-infringement decision in
ParkerVision v. Qualcomm.
ParkerVision's Chairman and Chief Executive Officer, Jeffrey
Parker, commented, "We believe our petition brief clearly conveyed
the simple fact that Qualcomm's 25% duty cycle products would be
inoperable if they worked in the way Qualcomm represented. Although
rehearing petitions are not frequently granted, we were hopeful
that the technical misunderstandings in this case would provide
sufficient basis for the panel to revisit its decision.
Unfortunately, while that was not the case, as the CAFC denied our
petition, Qualcomm's representations will follow them into other
court actions. We look forward to showing that Qualcomm's sampling
downconverters are based on ParkerVision's energy transfer sampling
technology, and that contrary to Qualcomm's representation, they
cannot make a baseband signal that is usable in a cell phone
without the use of energy storage devices."
Parker continued, "Meanwhile, we are currently evaluating what
next steps are available for ParkerVision to pursue in this
specific case."
About ParkerVision
ParkerVision, Inc. designs, develops and markets its proprietary
radio-frequency (RF) technologies that 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 10K for the year ended December 31, 2014 and
Forms 10Q for the quarters ended March 31, 2015 and June 30,
2015. 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
Don Markley
The Piacente Group
212-481-2050, parkervision@tpg-ir.com
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