Jacksonville, Florida, November 10, 2011 -- ParkerVision, Inc. (NASDAQ: PRKR) announced today that it has retained McKool Smith, a leading US patent litigation firm, to represent the Company in its patent infringement case against Qualcomm Incorporated (NASDAQ: QCOM).
"We are extremely pleased with our selection of McKool Smith to lead our litigation team in our patent infringement suit against Qualcomm," stated Jeffrey L. Parker, Chairman and Chief Executive Officer of ParkerVision, Inc. "In addition to being skilled trial attorneys, the group has the legal and technical expertise to help judges and juries navigate through complex technological and legal issues," Mr. Parker said.
The Company's legal team at McKool Smith is led by principal Doug Cawley, recently named Intellectual Property "Lawyer of the Year" by Best Lawyers magazine, and principal T. Gordon White. Cawley and White were lead trial counsel for Toronto-based i4i, Inc. in its successful patent infringement case against Microsoft, earning the firm "Patent Case of the Year" honors by Managing Intellectual Property magazine.
"We are excited to have ParkerVision as a client of McKool Smith and to represent the Company in its complaint against Qualcomm," said Mr. Cawley. "We performed a vigorous review of ParkerVision's relevant patent portfolio, as well as the merits of this lawsuit. After that review, we agreed with ParkerVision to handle the litigation on a partial contingency basis. We are eager to move forward with our full efforts behind the ParkerVision team in this action."
In July 2011, ParkerVision commenced federal litigation against Qualcomm, alleging that the San Diego-based company infringes seven ParkerVision patents. These patents relate to radio-frequency ("RF") receivers and the down-conversion of electromagnetic signals, a body of intellectual property ("IP") that ParkerVision pioneered for creating direct conversion receivers. The complaint further alleges that Qualcomm has utilized and continues to utilize devices, systems, or methods that directly or indirectly infringe upon one or more claims of these patents.
In the complaint filed on July 20 in the United States District Court for the Middle District of Florida, ParkerVision is seeking unspecified monetary damages from Qualcomm as well as a permanent injunction barring the manufacture and sale of Qualcomm's infringing devices. The complaint accuses Qualcomm of objective recklessness in its infringing activity and seeks an award of exemplary damages, attorneys' fees, and costs in bringing this action.
About McKool Smith
With more than 165 litigators across offices in New York, Washington, DC, Texas, and California, McKool Smith has established a reputation as one of America's leading trial firms. The firm has won more National Law Journal and VerdictSearch "Top 100 Verdicts" over the last five years than any other law firm. McKool Smith represents leading clients across a broad range of practice areas, including complex commercial litigation, intellectual property, bankruptcy, and white collar defense. For more information, please visit www.mckoolsmith.com.
About ParkerVision, Inc.
ParkerVision, Inc. designs, develops and markets its proprietary RF technologies which enable advanced wireless communications for current and next generation mobile communications networks. Its solutions for wireless transfer of radio frequency (RF) waveforms enable significant advancements in wireless products, addressing the needs of the cellular industry for efficient use of power, reduced cost and size, greater design simplicity and enhanced performance in mobile handsets as the industry migrates to next generation networks. ParkerVision is headquartered in Jacksonville, Florida. 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, 2010 and the Forms 10Q for the quarters ended March 31 and June 30, 2011. 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. 904-737-1367 email@example.com Ron Stabiner Vice President The Wall Street Group, Inc. 212-888-4848 firstname.lastname@example.org
Source: ParkerVision, Inc.