$PRKR news out ParkerVision Receives Favorabl
Post# of 29744
Posted On: 02/21/2013 9:31:52 AM
$PRKR news out
ParkerVision Receives Favorable Markman Order in Patent Infringement Action Against Qualcomm
ParkerVision, Inc. (Nasdaq
RKR) announced today that on February 20, 2013, the United States District Court for the Middle District of Florida issued its patent claim construction ruling, or "Markman Order", in the ongoing patent infringement action between ParkerVision and Qualcomm, Inc (NYSE:QCOM).
In a Markman Order, the presiding district court in a patent infringement case sets out the meaning of certain disputed patent claim language present in the patents in suit. This court interpretation is then applied during the action in the determinations of infringement and validity. The Markman Order can be a significant factor in the progress and outcome of patent infringement litigation.
In the recently issued Markman Order, the Court adopted ParkerVision's position as to the proper interpretation of most of the key terms in dispute in the litigation.
Jeffrey Parker, Chairman and Chief Executive Officer of ParkerVision stated, "We are pleased with the Court's Markman Order and we are confident in our position concerning Qualcomm's infringement of the patent claims at issue in this case. While the outcome of any litigation cannot be predicted, we believe the Court's Markman Order is another significant step towards the successful resolution of this litigation."
The litigation, filed in July 2011, involves Qualcomm's development and sale of certain of its products that ParkerVision believes infringe numerous claims from six patents owned by ParkerVision.
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 enhance performance in mobile handsets as the industry migrates to next generation networks. ParkerVision is headquartered in Jacksonville, Fla. For more information, please visit http://www.parkervision.com.
The ParkerVision, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7219
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, 2011 and the Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012. 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.
904-737-1367, cpoehlman@parkervision.com
Ron Stabiner
Vice President
The Wall Street Group, Inc.
212-888-4848, rstabiner@thewallstreetgroup.com
ParkerVision Receives Favorable Markman Order in Patent Infringement Action Against Qualcomm
ParkerVision, Inc. (Nasdaq
RKR) announced today that on February 20, 2013, the United States District Court for the Middle District of Florida issued its patent claim construction ruling, or "Markman Order", in the ongoing patent infringement action between ParkerVision and Qualcomm, Inc (NYSE:QCOM). In a Markman Order, the presiding district court in a patent infringement case sets out the meaning of certain disputed patent claim language present in the patents in suit. This court interpretation is then applied during the action in the determinations of infringement and validity. The Markman Order can be a significant factor in the progress and outcome of patent infringement litigation.
In the recently issued Markman Order, the Court adopted ParkerVision's position as to the proper interpretation of most of the key terms in dispute in the litigation.
Jeffrey Parker, Chairman and Chief Executive Officer of ParkerVision stated, "We are pleased with the Court's Markman Order and we are confident in our position concerning Qualcomm's infringement of the patent claims at issue in this case. While the outcome of any litigation cannot be predicted, we believe the Court's Markman Order is another significant step towards the successful resolution of this litigation."
The litigation, filed in July 2011, involves Qualcomm's development and sale of certain of its products that ParkerVision believes infringe numerous claims from six patents owned by ParkerVision.
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 enhance performance in mobile handsets as the industry migrates to next generation networks. ParkerVision is headquartered in Jacksonville, Fla. For more information, please visit http://www.parkervision.com.
The ParkerVision, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7219
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, 2011 and the Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012. 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.
904-737-1367, cpoehlman@parkervision.com
Ron Stabiner
Vice President
The Wall Street Group, Inc.
212-888-4848, rstabiner@thewallstreetgroup.com
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