ACCESSWIRE
11 May 2022, 21:13 GMT+10
JACKSONVILLE, FL / ACCESSWIRE / May 11, 2022 / ParkerVision, Inc. (OTCQB:PRKR) ('ParkerVision'), a developer and marketer of technologies and products for wireless applications, today announced results for the three months ended March 31, 2022.
First Quarter 2022 Summary and Recent Developments
Jeffrey Parker, Chairman and Chief Executive Officer, commented, 'We are in the process of preparing our appellate court briefs in the Qualcomm matter and believe we have a solid foundation for a successful appeal. Simultaneously, we are moving full steam ahead with discovery in our first case against Intel cellular products and preparing for a jury trial set for seven months from now. Based on facts revealed thus far in discovery, our counsel filed a sealed motion to amend our complaint to add a charge of willful infringement. If granted, we anticipate that this addition to our complaint will not cause any delays in the Intel schedule and, more importantly, it will enable the judge to enhance the jury-awarded damages in the event a jury determines Intel's infringement to be willful.'
Financial Results
About ParkerVision
ParkerVision, Inc. invents, develops and licenses cutting-edge, proprietary radio-frequency (RF) technologies that enable wireless solution providers to make and sell advanced wireless communication products. ParkerVision is engaged in a number of patent enforcement actions in the U.S. to protect patented rights that it believes are broadly infringed by others. For more information, please visit www.parkervision.com. (PRKR-I)
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 that are disclosed in the Company's SEC reports, including the Form 10-K for the year ended December 31, 2021 and the Form 10-Q for the quarter ended March 31, 2022. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
Cindy French
Chief Financial Officer
ParkerVision, Inc
cfrench@parkervision.com
(TABLES FOLLOW)
ParkerVision, Inc.
Balance Sheet Highlights
ParkerVision, Inc.
Summary Results of Operations (unaudited)
ParkerVision, Inc.
Summary of Cash Flows
(unaudited)
SOURCE: ParkerVision, Inc.
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