JACKSONVILLE, FL / ACCESSWIRE / May 23, 2023 / ParkerVision, Inc. (OTCQB:PRKR) announced today that it has filed complaints in the Western District of Texas against Texas Instruments ('TI') and NXP Semiconductors ('NXP'), for the infringement of four of its U.S. patents. The complaints request jury trials to determine, among other items, the financial damages for the unauthorized use of ParkerVision's wireless patented technologies in semiconductor chips used in automotive wireless applications, wireless infrastructure, and numerous other devices incorporating WiFi and Bluetooth wireless connectivity.
ParkerVision CEO Jeffrey Parker commented, 'TI and NXP are both global suppliers of wireless semiconductors that we believe broadly infringe on ParkerVision's patented wireless technologies. We believe the innovations covered by ParkerVision's patents have enabled more competitive and compelling products and we encourage TI and NXP to license ParkerVision's patented technologies to benefit from these advantages with authorization of the protected intellectual property.'
Mr. Parker continued, 'ParkerVision has invested hundreds of millions of dollars in R&D and marketing in its patented RF receiver, transmitter, and RF power transmitter technologies to enable ultra-small semiconductor chips to deliver high performance RF wireless communications for mobile telephone standards such as 3G, 4G, and 5G standards, WiFi communications, Bluetooth, Satellite communications and other wireless applications.'
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 statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release are forward-looking statements. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company's forward-looking statements.
Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 and disclosures in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statement and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Chief Financial Officer
SOURCE: ParkerVision, Inc.
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