ParkerVision Files Patent Infringement Complaint Against LG in Germany
June 06 2016 - 8:00AM
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 filed a complaint against LG
Electronics Deutschland GmbH, a German subsidiary of LG
Electronics, Inc., for the infringement of the German part of
European Patent 1 206 831. The complaint, which was filed in
Munich Regional Court, seeks injunctive relief and damages for
infringing devices being offered, brought to market, used or
introduced in Germany. The accused products include the LG G Flex
2, LG G3 and LG G5. The law firm of Noerr LLP is representing
ParkerVision in this action. Noerr LLP is a multinational law firm
of over 500 professionals, which has substantial and longstanding
expertise in handling complex German, European and international
patent litigation.
“The decision to pursue our rights overseas was
made following significant effort to reach equitable business
arrangements for the use of our intellectual property,” stated
Jeffrey Parker, CEO of ParkerVision. “We have reached the
point where international legal action is appropriate to defend our
intellectual property rights abroad in order to protect the
investment our shareholders have made in our patented assets.
Our preference is to negotiate arms-length transactions for the use
of ParkerVision’s valuable intellectual property; however, we must
be, and are, willing to pursue our rights through the legal system
where necessary. Our goal remains to establish ParkerVision
as a global presence for licensing and development of products
based on its wireless technologies.”
About ParkerVisionParkerVision,
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 StatementThis 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, 2015 and the Form 10Q for
the quarter ended March 31, 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
Don Markley
The Piacente Group
212-481-2050
parkervision@tpg-ir.com
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