ParkerVision Appeals District Court Decision
(GlobeNewswire Via Acquire Media NewsEdge) JACKSONVILLE, Fla., June 26, 2014 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (Nasdaq:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, today announced that on June 25, 2014, it has filed an appeal to the U.S. Court of Appeals for the Federal Circuit in the case of ParkerVision v. Qualcomm, Incorporated. The Company also announced that it has engaged the Washington, D.C. based firm of Finnegan, Henderson, Farabow, Garrett & Dunner, LLP to partner with McKool Smith to represent the Company in this appeal.
On June 20, 2014, the United States District Court in the Middle District of Florida issued its final ruling in ParkerVision v. Qualcomm (3:11-cv-0719). The court denied Qualcomm's JMOL (Judgment as a Matter of Law) motion on invalidity, but granted Qualcomm's JMOL motion on non-infringement, overturning the jury's verdict of infringement. ParkerVision is appealing the district court's determination on infringement.
Jeffrey Parker, Chairman and CEO, commented, "We are disappointed by the Court's order as we firmly believe that sufficient evidence was presented to the jury to enable them to properly find for infringement in this case. Nonetheless, we always expected to find ourselves arguing this case at the appellate level, and our legal strategy reflects exactly that. Our team of litigators at McKool Smith will bring an in-depth understanding and knowledge of the case, and our appellate counsel, led by Don Dunner, who has worked alongside McKool Smith on other high-profile cases, will add depth of experience in arguing cases at the federal appellate level. We anticipate the appellate process will take nine to twelve months.
"The district court decision in this case has no impact on our second patent infringement suit against Qualcomm and their customer HTC," continued Mr. Parker. "McKool Smith is representing us in this second action, which involves different patents and technologies. Our technologies and our portfolio of nearly 250 patents are our most valuable assets, and we continue to vigorously pursue the realization of their value through product development and sales, licensing arrangements and, when necessary, litigation."
About Finnegan and Donald Dunner
With more than 375 intellectual property lawyers, Finnegan is one of the largest IP law firms in the world. From offices in Washington, DC; Atlanta, Georgia; Boston, Massachusetts; Palo Alto, California; Reston, Virginia; London, England; Shanghai, China; Taipei, Taiwan; and Tokyo, Japan, the firm practices all aspects of patent, trademark, copyright, and trade secret law, including counseling, prosecution, licensing, and litigation. Finnegan also represents clients on IP issues related to international trade, portfolio management, the Internet, e-commerce, government contracts, antitrust, and unfair competition. For additional information on the firm, please visit www.finnegan.com.
Donald R. Dunner has worked in all phases of patent law, including prosecution, licensing, litigation, validity and infringement studies, and counseling. He has litigated numerous cases in the federal district courts and is best known for appellate practice before the U.S. Court of Appeals for the Federal Circuit and its predecessor court, the U.S. Court of Customs and Patent Appeals. The New York Times reported that he has argued more Federal Circuit cases than any other litigator in the United States. Mr. Dunner served as chairman of the Advisory Committee to the U.S. Court of Appeals for the Federal Circuit for the first ten years of the Court's existence.
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).
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, 2013 and the Form 10Q for the quarter ended March 31, 2014. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
CONTACT: Cindy Poehlman
Chief Financial Officer
Don Markley or Glenn Garmont
The Piacente Group
Source: ParkerVision, Inc.
2014 GlobeNewswire, Inc.
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