ParkerVision Names Frank N. Newman and Paul A. Rosenbaum to its Board of Directors
December 08 2016 - 8:00AM
ParkerVision, Inc. (NASDAQ:PRKR), a developer,
manufacturer and marketer of semiconductor technology solutions for
wireless applications, announced today that it has named Frank
Newman and Paul Rosenbaum to its Board of Directors, expanding the
Board to nine members, seven of whom are independent.
Mr. Newman has served as Deputy Secretary of the
U.S. Treasury; Chairman and CEO of Shenzhen Development Bank, a
national bank in China; Chairman and CEO of Bankers Trust, an
international bank based in New York; and CFO of Bank of America
and of Wells Fargo Bank. He currently serves as Chairman of
Promontory Financial Group China Ltd. Mr. Newman has
previously served as a director for major public companies in the
U.S., U.K., and China, and as a member of the Board of Trustees of
Carnegie Hall. He earned his BA, magna cum laude in
economics, at Harvard University. Mr. Newman has published
several articles on economic matters in the U.S., China and Hong
Kong and has authored two books: Freedom from National Debt
and Six Myths that Hold Back America and What America Can Learn
from the Growth of China’s Economy.
Mr. Rosenbaum is the CEO of SWR Corporation, a
private company that sells and markets specialty industrial
chemicals, which he founded in 1994. He served as CEO and
Chairman of Rentrak Corporation, a Nasdaq publicly traded company,
from 2000 to 2009 and served as the non-executive Chairman of
Rentrack for two additional years. Prior to 2000, Mr. Rosenbaum
practiced law and served as a Michigan state legislator where he
chaired The House Judiciary Committee, was legal counsel to The
Speaker of the House and wrote and sponsored The Michigan
Administrative Procedures Act. Mr. Rosenbaum earned a BS
Degree from Springfield College and a JD degree from George
Washington University. Mr. Rosenbaum currently serves as
President of The Providence St. Vincent Medical Foundation Council
of Trustees. He also served for eight years on the
nine-member Board of Commissioners for the Port of Portland,
serving as Vice Chair for the last four of those years.
“We are excited to add Frank and Paul, two
prominent business leaders, to our Board,” stated Jeffrey Parker,
CEO of ParkerVision. “Frank brings a tremendous understanding
of banking, finance and regulatory compliance in both the U.S. and
Asia, and Paul brings a robust background in corporate leadership
and legal matters. The depth and experience of our Board is
enhanced by both Frank and Paul’s unique backgrounds and extensive
knowledge. We look forward to their contributions as we
continue to build our international licensing program and develop
and introduce new products.”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 10-K for
the year ended December 31, 2015 and the Forms 10-Q for the
quarters ended March 31, 2016, June 30, 2016 and September 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
Matt Steinberg
The Piacente Group
212-481-2050
parkervision@tpg-ir.com
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