ParkerVision Receives Preliminary Ruling from German Court
September 09 2016 - 9:00AM
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 received a favorable preliminary
opinion from the Regional Court of Munich in its patent
infringement case against LG Electronics Deutschland GmbH (“LG”), a
German subsidiary of LG Electronics, Inc.
ParkerVision GmbH filed a complaint in June 2016
against LG for the infringement of the German part of European
Patent 1 206 831 by LG’s latest generation smartphones. LG
filed a statement of defense in this case in August 2016 arguing
that, under LG’s proposed claim interpretation, its smartphones do
not infringe ParkerVision’s patent. Qualcomm Incorporated
(“Qualcomm”) joined the proceedings on LG’s side and filed a
separate nullity action against the patent with the Federal Patent
Court, Munich. Following these submissions, the Regional Court of
Munich issued a preliminary opinion indicating its predisposition
toward a finding of infringement.
A hearing in this case is scheduled for November
10, 2016, during which the Court will hear oral arguments regarding
claim interpretation, infringement, and LG’s request for a stay of
the infringement proceedings pending the outcome of the separate
nullity action filed by Qualcomm. The court is expected to
issue a final decision on the merits by mid-December 2016. A
finding of infringement and a rejection of the stay request will
result in the imposition of an injunction on the accused products
prior to year-end 2016, which is enforceable upon provision of a
bond set by the Court.
ParkerVision CEO, Jeffrey Parker, stated, “While
this finding is preliminary and not a guarantee of the Court’s
final decision, we are pleased with the initial findings of the
German court as well as the timeliness of the Court’s response to
our infringement complaint. We look forward to the
opportunity to argue the merits of our case in November.”
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
cpoehlman@parkervision.com
or
Don Markley
The Piacente Group
212-481-2050
parkervision@tpg-ir.com
ParkerVision (QB) (USOTC:PRKR)
Historical Stock Chart
From Mar 2024 to Apr 2024
ParkerVision (QB) (USOTC:PRKR)
Historical Stock Chart
From Apr 2023 to Apr 2024