JACKSONVILLE, Fla., June 23, 2017 -- ParkerVision, Inc. (NASDAQ:PRKR), announced today that the Regional Court of Munich is holding its decision in the ParkerVision v. Apple case until after the German Federal Patent Court rules on the related pending nullity (validity) action. The Company's final resolution in its German case against LG is also pending this same action. The Company believes that a preliminary nullity decision is expected before the end of 2017.
The Regional Court of Munich has also streamlined the schedule for the Company's second lawsuit against Apple in Germany involving Apple iPhone 7 products using Intel RF receivers. The original schedule was set for two hearings, one in late June regarding infringement and a second hearing to be scheduled after the first hearing later in 2017 or early 2018 regarding validity. The Regional Court has determined it will first review briefs written by the parties and only hold a single hearing for both infringement and validity on November 16, 2017.
ParkerVision CEO, Jeffrey Parker, stated, "Although we had hoped for the efficiency of a ruling in the Regional Court that
found our patent claim valid so we could move swiftly to an enforceable injunction, we remain optimistic that the Federal Patent Court will come to that conclusion yet this year enabling us to request the Regional Court to issue an enforceable injunction against both Apple and LG. In the meantime, we will continue to defend our intellectual property and believe maintaining the course on the enforcement actions of our patent rights will ultimately result in valuable asset monetization for the Company."
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, 2016 and the Form 10-Q for the quarter ended March 31, 2017. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
Chief Financial Officer
The Piacente Group