ParkerVision Receives Preliminary Ruling from German Court

09.09.16 - 08:05AM

Hearing Set for November 2016 in German Patent Infringement Action against LG

JACKSONVILLE, Fla., Sept. 09, 2016 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (NASDAQ:PRKR), a developer, manufacturer and marketer of semiconductor technology solutions for wireless applications, announced today that its wholly-owned German subsidiary, ParkerVision GmbH, has received a favorable preliminary opinion from the Regional Court of Munich in its patent infringement case against LG Electronics Deutschland GmbH ("LG"), a German subsidiary of LG Electronics, Inc.

ParkerVision GmbH filed a complaint in June 2016 against LG for the infringement of the German part of European Patent 1 206 831 by LG's latest generation smartphones. LG filed a statement of defense in this case in August 2016 arguing that, under LG's proposed claim interpretation, its smartphones do not infringe ParkerVision's patent. Qualcomm Incorporated ("Qualcomm") joined the proceedings on LG's side and filed a separate nullity action against the patent with the Federal Patent Court, Munich. Following these submissions, the Regional Court of Munich issued a preliminary opinion indicating its predisposition toward a finding of infringement.

A hearing in this case is scheduled for November 10, 2016, during which the Court will hear oral arguments regarding claim interpretation, infringement, and LG's request for a stay of the infringement proceedings pending the outcome of the separate nullity action filed by Qualcomm.The court is expected to issue a final decision on the merits by mid-December 2016. A finding of infringement and a rejection of the stay request will result in the imposition of an injunction on the accused products prior to year-end 2016, which is enforceable upon provision of a bond set by the Court.

ParkerVision CEO, Jeffrey Parker, stated, "While this finding is preliminary and not a guarantee of the Court's final decision, we are pleased with the initial findings of the German court as well as the timeliness of the Court's response to our infringement complaint. We look forward to the opportunity to argue the merits of our case in November."

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