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ParkerVision, Inc.

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ParkerVision, Inc. Reports Fourth Quarter and Year-End Results

JACKSONVILLE, Fla., Mar 15, 2010 (GlobeNewswire via COMTEX News Network) -- ParkerVision, Inc. (Nasdaq:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, reported reduced losses for the fourth quarter and year ended December 31, 2009 as compared to the same periods in 2008. For the fourth quarter of 2009, the Company reported a net loss of $4.9 million, or $0.13 per share, on 37,053,125 weighted average shares outstanding compared to a net loss of $5.7 million, or $0.21 per share, on 26,690,330 weighted average shares outstanding for the same period in 2008. ParkerVision reduced fourth quarter 2009 operating expenses by approximately $857,000 or 14.9% from the same period in 2008, largely as a result of cost control programs.

For the year ended December 31, 2009, ParkerVision reported a net loss of $21.5 million, or $0.65 per share, on 32,963,816 weighted average shares outstanding. This compares to a net loss for the year ended December 31, 2008 of $23.1 million, or $0.88 per share, on 26,341,213 weighted average shares then outstanding.

The Company ended 2009 with approximately $13.5 million in cash and cash equivalents after using approximately $14.8 million in cash for operations and approximately $0.8 million for patents and other investments in 2009. The Company recognized approximately $64,000 of fourth quarter 2009 revenue for engineering services provided to ITT Corporation in connection with a government grant.

Jeffrey Parker, Chairman and Chief Executive Officer, commented, "Our effort and focus these past months has been on supporting our commercial chipset customer in both production setup and sales efforts. We are working jointly with them to secure the first high volume commercial orders for our 3G offering. I am confident that, in concert with our chipset customer, we are on track to consummate our first design win and I look forward to updating you regarding these events in the coming months."

Conference Call

The Company will host a conference call and webcast on March 15, 2010 at 4:30 pm EDT for a discussion of its 2009 year-end financial results. The conference call will be accessible by telephone at 1-877-795-3610, at least five minutes before the scheduled start time. International callers should dial 719-325-4825. The conference call may also be accessed by means of a live webcast on our website at http://ir.parkervision.com/events.cfm. The conference call will also be archived and available for replay on our website at www.parkervision.com for a period of 90 days.

About ParkerVision

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.


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, 2009. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

                            (TABLES FOLLOW)

                            ParkerVision, Inc.
   Summary of Results of Operations (in thousands except, for per share

                                Three months ended
                                                     Year ended December
                                   December 31,              31,
                                ------------------  --------------------

                                  2009      2008       2009       2008
                                --------  --------  ---------  ---------

  Service revenue                    $64      $ --        $64       $ --

  Cost of goods sold                  54        --         54         --
                                --------  --------  ---------  ---------

    Gross margin                      10        --         10         --
                                --------  --------  ---------  ---------

  Research and development         3,200     3,688     13,505     14,619
  Marketing and selling              436       563      2,092      2,594

  General and administrative       1,245     1,487      5,962      6,219
                                --------  --------  ---------  ---------

    Total operating expense        4,881     5,738     21,559     23,432
                                --------  --------  ---------  ---------

  Interest (expense) income
   and other                        (14)        10         20        358
                                --------  --------  ---------  ---------

  Net loss                      $(4,885)  $(5,728)  $(21,529)  $(23,074)
                                ========  ========  =========  =========

  Basic and diluted loss per
   common share                  $(0.13)   $(0.21)    $(0.65)    $(0.88)
                                ========  ========  =========  =========

  Balance Sheet Highlights
   (in thousands)

                               December  December
                                  31,       31,
                                 2009      2008
                               --------  --------
  Cash and cash equivalents     $13,491    $4,815
  Accounts receivable               101         0
  Prepaid and other current
   assets                           493       855
  Property and equipment, net       836     1,377
  Intangible assets, net         10,078    10,398

  Other assets                      546       531
                               --------  --------

      Total assets              $25,545   $17,976
                               ========  ========

  Current liabilities            $1,508    $1,627
  Long term liabilities             154       239

  Shareholders' equity           23,883    16,110
                               --------  --------
      Total liabilities and
       shareholders' equity     $25,545   $17,976
                               ========  ========

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: ParkerVision, Inc.

CONTACT:  ParkerVision, Inc.
Cindy Poehlman, Chief Financial Officer
The Wall Street Group, Inc.
Ron Stabiner, Vice President

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