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ParkerVision, Inc.

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06.26.18

ParkerVision Announces August 7th Hearing at Court of Appeals for the Federal Circuit Hearing in IPR

Company Intends to Reactivate Case Following Federal Circuit Ruling

JACKSONVILLE, Fla., June 26, 2018 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (NASDAQ:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, announced today that the Court of Appeals for the Federal Circuit (Federal Circuit) has scheduled an August 7th oral argument in the pending appeals of three Qualcomm IPRs concerning ParkerVision’s U.S. Patent No. 6,091,940 (the ‘940 patent).

When ParkerVision filed a patent infringement lawsuit against Qualcomm and HTC in May 2014 accusing Qualcomm of infringing 11 ParkerVision patents, Qualcomm filed ten IPR petitions challenging three of ParkerVision’s asserted patents, including six IPRs specifically aimed at the ʼ940 patent. The Patent Trial and Appeal Board (PTAB) refused to institute any of the three IPRs against one of the three patents, finding that Qualcomm did not provide sufficient evidence to warrant a review of ParkerVision’s patent claims, and ParkerVision opted not to defend the IPR filed against a second patent. As to the ʼ940 patent, the PTAB found that Qualcomm had failed to support invalidity challenges in four of the six IPRs against the ʼ940 patent, resulting in both ParkerVision and Qualcomm prevailing on certain claims. Three of these IPRs are the subject of the pending appeals between the parties.  

ParkerVision CEO, Jeffrey Parker commented, “We believe that Qualcomm has been willfully infringing these patent claims for over 4 years and that the number of infringing units shipped since this lawsuit was filed are at least in the hundreds of millions of units.  Qualcomm has had court ordered meetings with ParkerVision in other matters and has chosen not to settle this dispute.

Parker continued, “After the Federal Circuit ruling we intend to reactivate this case. Although delayed, we believe that now asserting patents at trial that have been verified as not invalid strengthens our case and simplifies the factors a jury has to consider.  While the legal process over the past decade of resolving patent infringement has become lengthy and expensive, we are encouraged by some of the bills that are being readied for Congressional consideration. These bills seek to restore to the US Patent System injunctive relief and other pro patent-holder measures that support innovators who have been harmed by our weakened patent system.”

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. ParkerVision also develops and markets a family of products under the Milo® brand that leverages existing WiFi infrastructure to create more optimal WiFi configuration and superior coverage for small businesses and consumers.  For more information please visit www.parkervision.com and www.milowifi.com.

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, 2017 and the Form 10-Q for the quarter ended March 31, 2018. 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  

Jean Marie Young
The Piacente Group, Inc.
212-481-2050
parkervision@tpg-ir.com

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Source: ParkerVision, Inc.