U.S. markets closed
  • S&P 500

    4,411.79
    +44.31 (+1.01%)
     
  • Dow 30

    35,061.55
    +238.20 (+0.68%)
     
  • Nasdaq

    14,836.99
    +152.39 (+1.04%)
     
  • Russell 2000

    2,209.65
    +10.17 (+0.46%)
     
  • Crude Oil

    72.17
    +0.26 (+0.36%)
     
  • Gold

    1,802.10
    -3.30 (-0.18%)
     
  • Silver

    25.24
    -0.14 (-0.56%)
     
  • EUR/USD

    1.1770
    -0.0003 (-0.02%)
     
  • 10-Yr Bond

    1.2860
    +0.0210 (+1.66%)
     
  • GBP/USD

    1.3754
    -0.0013 (-0.10%)
     
  • USD/JPY

    110.5100
    +0.3950 (+0.36%)
     
  • BTC-USD

    33,630.34
    +999.47 (+3.06%)
     
  • CMC Crypto 200

    786.33
    -7.40 (-0.93%)
     
  • FTSE 100

    7,027.58
    +59.28 (+0.85%)
     
  • Nikkei 225

    27,548.00
    +159.80 (+0.58%)
     

ParkerVision Files Against LG for Patent Infringement

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

JACKSONVILLE, FL / ACCESSWIRE / May 24, 2021 / ParkerVision, Inc. (OTCQB:PRKR) announced today that it has filed a complaint in the Western District of Texas against South Korean multinational electronics company, LG Electronics, Inc. ("LG"), for the infringement of ten of its U.S. patents. The complaint requests a jury trial to determine, among other items, the financial damages for the unauthorized use of ParkerVision's wireless patented technologies in LG televisions and other consumer electronic products. The law firm of Daignault Iyer is representing ParkerVision in this action.

ParkerVision CEO Jeffrey Parker commented, "ParkerVision continues to verify situations where our patented RF technologies are being used without authorization. LG utilizes what we believe are infringing WiFi chips in many products including televisions, thus benefiting from the small size, low cost, and excellent performance that has been enabled by ParkerVision's patented technologies. While we are always amenable to finding a mutually beneficial business arrangement, we are fully prepared, if needed, to see this case through to trial in order to protect our patent rights."

ParkerVision recently announced the successful resolution of its patent infringement litigation through a patent license and settlement agreement with Japanese company, Buffalo, Inc who manufactures and sells computer related products.

ParkerVision has invested hundreds of millions 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.

About ParkerVision

ParkerVision, Inc. has designed, developed, and patented proprietary radio-frequency (RF) technologies which enable advanced wireless solutions for current and next generation wireless communication products. ParkerVision is engaged in a number of patent enforcement actions to protect patented rights that it believes are broadly infringed by others. For more information, please visit www.parkervision.com

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, 2020 and Form 10-Q for the quarter ended March 31, 2021. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

Contact:

Cindy French
Chief Financial
cfrench@parkervision.com

Tony Vignieri
Communications Director
tvignieri@parkervision.com

SOURCE: ParkerVision, Inc.



View source version on accesswire.com:
https://www.accesswire.com/648700/ParkerVision-Files-Against-LG-for-Patent-Infringement