ParkerVision Commences Shipping of its Milo™ WiFi Product
October 13 2017 - 07:00AM
ParkerVision, Inc. (Nasdaq:PRKR) (“ParkerVision”), a developer and
marketer of semiconductor technology solutions for wireless
applications, is pleased to announce that Milo™, its new
distributed Wi-Fi system for consumers, is now shipping. Milo
is available for purchase at Milo’s online store at milowifi.com,
as well as Amazon.com.
Milo systems provide “whole home” Wi-Fi coverage for small and
large residences alike by eliminating dead-zones and taking Wi-Fi
into areas where existing Wi-Fi routers fall short. Milo joins the
rapid growth in the Internet of things (IoT) market which is being
driven by the rising demand of consumers who want the “connected
home”. Wireless internet access for everything from smartphones,
laptops and tablets, to thermostats, cameras, and appliances,
highlights the need for Wi-Fi access to be present throughout their
homes where consumers want internet connectivity. With a simple
installation process, Milo offers a significant increase in
wireless performance that is perfect for homes and small offices
that want comprehensive Wi-Fi access without the high cost.
“Our mission in designing Milo was to address the three key
needs of Wi-Fi consumers together in one single offering:
performance, affordability, and ease of use,” stated ParkerVision
CEO Jeffrey Parker. "Milo is the culmination of our vision to
engineer a quality product that is affordable for the mass consumer
market. At price points of $129 and $189 depending on desired
coverage, our research indicates that over one-third of Wi-Fi home
users would purchase a product to either fix existing Wi-Fi
coverage problems or extend coverage to areas they cannot currently
reach. In an estimated market of one hundred million Wi-Fi
homes in North America alone, we believe Milo is the right solution
to take advantage of this multi-billion dollar market
opportunity."
ParkerVision CTO David Sorrells commented, "Our unique approach
to whole-home Wi-Fi is to leverage your existing Wi-Fi
footprint and then employ Milo’s built-in, intelligent operation to
automatically connect your Wi-Fi to other Milos creating the best
coverage and configuration possible. Our philosophy is to
leverage what you already have and then go beyond, not to discard
the value consumers already have paid for. The result is a
stress-free setup process at a price everyone can afford.”
ParkerVision has been taking Milo pre-orders since mid-August
and market feedback has been enthusiastic. Here's what initial Milo
users are saying:
Larry Y of Kent, WA said, “I would not hesitate recommending
Milo to anyone with issues of whole house coverage of Wi-Fi, as
there are now no areas in my house that are lacking a strong,
usable signal. The initial setup of the system was painless and
very fast, and was a first for me. Other systems took the
better part of an hour. Milo took about 5 minutes, and has
functioned flawlessly from the start.”
Bob M of Tampa, FL stated, “Our ISP-provided Wi-Fi is in a
closet near the entry where we have great Wi-Fi speeds but the
printer in our home office and the kitchen area where we spend most
our time has slow to no Wi-Fi. Using the Milo app took us less than
15 minutes to connect Milo to our Wi-Fi and locate the units. Now
we cannot find an area that doesn't have fast Wi-Fi. Most everyone
I know has a Wi-Fi problem like ours. Such easy setup with these
results should make Milo very popular!”
Nick B of East Hampton, NY said, “Using three Milo units I have
been able to get a strong Wi-Fi connection in a cottage that is
separate from my main house where the internet comes in. I am also
using Milo successfully to give me Wi-Fi on a screened-in porch.
Milo has provided a solution to a situation that I thought could
only be resolved by spending a lot of money.”
About ParkerVision, Inc.
ParkerVision, Inc. designs, develops and markets
its proprietary radio-frequency (RF) technologies, which enable
advanced wireless solutions for current and next generation
communications networks. Currently developing several new products
to enhance Wi-Fi connectivity for small businesses and consumers,
ParkerVision has recently unveiled a family of products under the
Milo™ brand that leverages existing Wi-Fi infrastructure to create
more optimal Wi-Fi configuration and superior coverage. 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, 2016 and the Form 10-Q for the quarter ended
June 30, 2017. These risks and uncertainties could cause actual
results to differ materially from those currently anticipated or
projected.
Cindy Poehlman
Chief Financial
Officer
ParkerVision, Inc.
904-732-6100,
cpoehlman@parkervision.com
Laurie Little The Piacente
Group212-481-2050parkervision@tpg-ir.com
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