ParkerVision Amends Shareholder Protection Rights Agreement
November 20 2015 - 4:05PM
ParkerVision, Inc. (NASDAQ:PRKR) (the "Company") today announced
that it has amended its Shareholder Protection Rights Agreement
(the "Rights Agreement") dated November 21, 2005. The amendment
extends the expiration date of the Rights Agreement from November
21, 2015 to November 20, 2020 and decreases the exercise price
under the Rights Agreement to $1.45.
The amendment to the Rights Agreement was not adopted in
response to any acquisition proposal.
On November 20, 2015, the Company filed a Current Report on Form
8-K with the Securities and Exchange Commission that provides the
full text of the amendment.
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 10-K for the year ended December 31, 2014 and
Forms 10-Q for the quarters ended March 31, 2015, June 30, 2015 and
September 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 or
Matt Steinberg
The Piacente Group
212-481-2050, parkervision@tpg-ir.com
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