New Wi-Fi Product Now Available -- Bringing the Most Affordable Whole Home Solution to the Mass Consumer Market
JACKSONVILLE, Fla., Oct. 13, 2017 -- 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."
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 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, 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.
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