ParkerVision, Inc.
PARKERVISION INC (Form: 8-K, Received: 03/13/2017 10:56:59)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 


FORM 8-K
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 13, 2017

PARKERVISION, INC.
(Exact Name of Registrant as Specified in Charter)

Florida
000-22904
59-2971472
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)

7915 Baymeadows Way, Jacksonville, Florida
32256
(Address of Principal Executive Offices)
(Zip Code)

904-732-6100
(Registrant's Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

 
[   ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))


Item 8.01.
Other Events.

On March 13, 2017, the Company issued a press release announcing that in light of a recent ruling by the Administrative Law Judge (ALJ) disallowing key factual evidence in the Company's ITC proceedings, the Company is filing a motion to terminate its ITC investigation. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Item 9.01.
Financial Statements and Exhibits.
 
(d)
Exhibits.
 
 
99.1
Press Release
 
2

SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated: March 13, 2017
 
 
PARKERVISION, INC.
 
       
 
By:
/s/ Cynthia Poehlman
 
   
Cynthia Poehlman
 
   
Chief Financial Officer
 
 
3
 
ParkerVision Filing Motion to Terminate ITC Investigation Following Ruling to Disallow Key Evidence

JACKSONVILLE, Fla., March 13, 2017 -- ParkerVision, Inc. (Nasdaq:PRKR ), a developer and marketer of semiconductor technology solutions for wireless applications, today announced that in light of a recent ruling by the Administrative Law Judge (ALJ) disallowing key factual evidence in the Company's ITC proceedings, the Company is filing a motion to terminate its ITC investigation. ParkerVision was advised of this confidential ruling just prior to the start of the ITC hearing which is scheduled to begin today. In its motion to the Commission, ParkerVision stated that it was–and remains– fully prepared to try its case based on evidence produced and obtained from respondents in the investigation that proves the accused products infringe the asserted claims of the '528 patent. However, in light of the ALJ's recent rulings excluding material portions of the Company's evidence, ParkerVision determined that it can no longer proceed with its case before the Commission. The ALJ is expected to rule on ParkerVision's motion shortly.

The termination of the ITC proceedings will allow the Company to request to remove the current stay on the proceedings in two U.S. district court cases against Qualcomm and certain of its customers. Furthermore, this action has no impact on the ongoing infringement proceedings against LG and Apple in Germany.

ParkerVision CEO Jeffrey Parker commented, "While we are disappointed that we were not allowed to present key evidence that could significantly impact the outcome of this case, we believe the termination of these proceedings is the appropriate strategic decision for the Company. Our objective to obtain fair compensation for Qualcomm's infringement of our patent rights remains unchanged, and we will continue to take steps toward pursuing this goal."

Mr. Parker continued, "Our short-term and long-term strategic objectives remain on track. We will soon launch our new Wi-Fi product line. Moreover, we remain steadfast on growing our international licensing program for our technologies, including those that are currently deployed without authorization in third-party products."

About ParkerVision
ParkerVision, Inc. designs, develops and markets its proprietary radio-frequency (RF) technologies that enable advanced wireless solutions for current and next generation communications networks. Protected by a highly-regarded, worldwide patent portfolio, the Company's solutions for wireless transfer of RF waveforms address the needs of a broad range of wirelessly connected devices for high levels of RF performance coupled with best-in-class power consumption. For more information please visit www.parkervision.com . (PRKR-G).


Page 2
 
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, 2015 and the Forms 10-Q for the quarters ended March 31, June 30, and September 30, 2016. 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.
  904-732-6100, cpoehlman@parkervision.com

  or

  Matt Steinberg
  The Piacente Group
  212-481-2050, parkervision@tpg-ir.com