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Share Name | Share Symbol | Market | Type |
---|---|---|---|
ParkerVision Inc (QB) | USOTC:PRKR | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0119 | 8.32% | 0.1549 | 0.14 | 0.165 | 0.1549 | 0.14 | 0.14 | 35,091 | 21:15:35 |
The patent at issue in this case is the same patent ParkerVision asserted against LG Electronics Deutschland, GmbH, a German subsidiary of LG Electronics, Inc., in June 2016. Based upon preliminary submissions in the LG case, the Regional Court of Munich issued a preliminary opinion indicating its predisposition toward a finding of infringement. A hearing in the LG case is scheduled for November 10, 2016. The law firm of Noerr LLP is representing ParkerVision in both actions. Noerr LLP is a multinational law firm of over 500 professionals, which has substantial and longstanding expertise in handling complex German, European and international patent litigation.
“We are pleased with the efficiency of the German court system in our infringement proceedings against LG, and we anticipate similar results in this case against Apple,” stated Jeffrey Parker, CEO of ParkerVision.
About ParkerVision
ParkerVision, Inc. designs, develops and markets its proprietary radio-frequency (RF) technologies, which 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).
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, 2016 and June 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
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