ParkerVision Provided Additional 180 Days to Regain Compliance With Nasdaq Minimum Bid Price Requirement
10.20.15 - 4:03 PM
JACKSONVILLE, Fla., Oct. 20, 2015 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (NASDAQ:PRKR) (the "Company") announced today that The Nasdaq Stock Market ("Nasdaq") has provided the Company with an additional 180 days, or until April 18, 2016, to regain compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5500(a)(2).
If at any time during the 180 day period, the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.
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 10K for the year ended December 31, 2014 and Forms 10Q for the quarters ended March 31, 2015 and June 30, 2015.These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
CONTACT: Cindy Poehlman
Chief Financial Officer
The Piacente Group