ParkerVision Filing Motion to Terminate ITC Investigation Following Ruling to Disallow Key Evidence
March 13 2017 - 7:30AM
ParkerVision, Inc. (Nasdaq:PRKR), a developer and
marketer of semiconductor technology solutions for wireless
applications, today announced that in light of a recent ruling by
the Administrative Law Judge (ALJ) disallowing key factual evidence
in the Company’s ITC proceedings, the Company is filing a motion to
terminate its ITC investigation. ParkerVision was advised of
this confidential ruling just prior to the start of the ITC hearing
which is scheduled to begin today. In its motion to the
Commission, ParkerVision stated that it was–and remains– fully
prepared to try its case based on evidence produced and obtained
from respondents in the investigation that proves the accused
products infringe the asserted claims of the ‘528 patent. However,
in light of the ALJ’s recent rulings excluding material portions of
the Company’s evidence, ParkerVision determined that it can no
longer proceed with its case before the Commission. The ALJ is
expected to rule on ParkerVision’s motion shortly.
The termination of the ITC proceedings will
allow the Company to request to remove the current stay on the
proceedings in two U.S. district court cases against Qualcomm and
certain of its customers. Furthermore, this action has no
impact on the ongoing infringement proceedings against LG and Apple
in Germany.
ParkerVision CEO Jeffrey Parker commented,
“While we are disappointed that we were not allowed to present key
evidence that could significantly impact the outcome of this case,
we believe the termination of these proceedings is the appropriate
strategic decision for the Company. Our objective to obtain
fair compensation for Qualcomm’s infringement of our patent rights
remains unchanged, and we will continue to take steps toward
pursuing this goal.”
Mr. Parker continued, “Our short-term and
long-term strategic objectives remain on track. We will soon launch
our new Wi-Fi product line. Moreover, we remain steadfast on
growing our international licensing program for our technologies,
including those that are currently deployed without authorization
in third-party products.”
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, 2015 and
the Forms 10-Q for the quarters ended March 31, June 30, 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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