JACKSONVILLE, Fla., Feb. 27, 2014 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (Nasdaq:PRKR) ("ParkerVision" or the "Company"), a developer and marketer of semiconductor technology solutions for wireless applications, today announced that Qualcomm Incorporated ("Qualcomm") has filed a notice with the United States District Court in the Middle District of Florida (doc. 526) dismissing the remaining outstanding counterclaims against ParkerVision. These counterclaims, alleging aiding and abetting a breach of fiduciary duty and tortious interference with a contractual relationship, had been previously dismissed without prejudice by the Court and abated until resolution of the primary claims in the ParkerVision v. Qualcomm litigation.
Jeffrey Parker, Chairman and CEO, commented, "We are pleased that these baseless counterclaims have been put to rest with finality, and we look forward to the Court's final ruling with regard to the remaining outstanding motions in this case."
In October 2013, a jury awarded ParkerVision$172.7 million in damages for Qualcomm's infringement of four of the Company's patents. The Court has scheduled a hearing on May 1, 2014 to hear oral arguments from ParkerVision and Qualcomm regarding the remaining outstanding motions in this case, which include ParkerVision's motion for an injunction and, in the alternative, ongoing royalties as well as a motion for pre- and post-judgment interest. Other outstanding motions include Qualcomm's motions to overturn the jury's verdict with regard to infringement, invalidity and damages.
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, 2012 and the Forms 10Q for the quarters ended March 31, June 30, and September 30, 2013. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
CONTACT: Cindy Poehlman
Chief Financial Officer
The Piacente Group
Source: ParkerVision, Inc.