Court Rejects Apple’s Request for Bond
JACKSONVILLE, Fla., Dec. 01, 2017 (GLOBE NEWSWIRE) -- ParkerVision, Inc.(NASDAQ:PRKR), a developer, manufacturer and marketer of semiconductor technology solutions for wireless applications, announced today that the Munich court rejected the request by Apple, Inc. and certain of its’ subsidiaries that ParkerVision GmbH be required to post a bond as required of a non-German entity. The court has also informed ParkerVision GmbH that it is invited to provide further clarification regarding certain elements of infringement by Apple following the finalization of this decision.
A hearing was held on November 16, 2017 in this case during which both parties were allowed to present arguments regarding the alleged infringement, by Apple, of the German part of European Patent 1 135 853 (“the ‘853 Patent”).
Jeffrey Parker, CEO of ParkerVision, who attended the November 16th hearing, stated, “I believe our counsel was able to thoroughly explain to the court our energy sampling technology as described in the ‘853 Patent and furthermore, how our energy sampling technology is clearly different from sample-and-hold technologies that the defendant cited as prior art. Based on comments from the court during the hearing, we believe Apple presented oral arguments that conflicted with their written pre-hearing briefs.”
Parker continued, “We welcome the court’s request for additional information, as we believe further clarification will only strengthen our infringement position and enable the court to reach a swift decision. We are working with German counsel to expedite the schedule for these next steps and anticipate that the court will continue to move at the same rapid pace that it has thus far.”
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 Forms 10-Q for the quarters ended March 31, June 30, and September 30, 2017. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
Chief Financial Officer
The Piacente Group
Source: ParkerVision, Inc.