JACKSONVILLE, Fla., June 06, 2016 -- ParkerVision, Inc. (NASDAQ:PRKR), a developer, manufacturer and marketer of semiconductor technology solutions for wireless applications,
announced today that its wholly-owned German subsidiary, ParkerVision GmbH, has filed a complaint against LG Electronics Deutschland GmbH, a German subsidiary of LG Electronics, Inc., for the infringement of the German part of European Patent 1 206 831.
The complaint, which was filed in Munich Regional Court, seeks injunctive relief and damages for infringing devices being offered, brought to market, used or introduced
in Germany. The accused products include the LG G Flex 2, LG G3 and LG G5. The law firm of Noerr LLP is representing ParkerVision in this action.
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.
"The decision to pursue our rights overseas was made following significant effort to reach equitable business arrangements for the use of our intellectual property," stated Jeffrey Parker, CEO of ParkerVision.
"We have reached the point where international legal action is appropriate to defend our intellectual property rights abroad in order to protect the investment our shareholders have made in our patented assets.
Our preference is to negotiate arms-length transactions for the use of ParkerVision's valuable intellectual property; however, we must be, and are, willing to pursue our rights through the legal system where necessary. Our goal remains to establish
ParkerVision as a global presence for licensing and
development of products based on its wireless technologies."
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 10K for the year ended December 31, 2015 and the Form 10Q for the quarter ended March 31, 2016.
These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
Chief Financial Officer
The Piacente Group