ITC Hearing Rescheduled for March 2017
September 21 2016 - 8:00AM
ParkerVision, Inc. (NASDAQ:PRKR), a developer,
manufacturer and marketer of semiconductor technology solutions for
wireless applications, announced today that its hearing at the
International Trade Commission (“ITC”) against Qualcomm, Apple, and
LG has been rescheduled to begin March 13, 2017. The hearing
had previously been scheduled for August 2016 but was delayed by
the Commission for medical reasons.
ParkerVision’s hearing in Munich Regional Court
for its German infringement action against LG is scheduled to be
held on November 10, 2016 and the Company expects a decision in
this German case shortly after the hearing. The German court
has ordered a settlement conference between the parties as part of
the hearing and furthermore has encouraged the parties to be
prepared to negotiate for an overall settlement of all disputes
between the parties, as opposed to the German action alone.
ParkerVision CEO, Jeffrey Parker, stated, “While
we had hoped to present our case to the ITC before the end of the
year, we remain encouraged despite this scheduling delay, in
particular because our action in Germany is moving along at a rapid
pace. We look forward to a near-term resolution in that
jurisdiction. The defense and enforcement of our intellectual
property rights requires a global strategy, and we will continue to
pursue resolution of these matters both in and outside of court in
jurisdictions where we have secured patent rights.”
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
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