Shares of ParkerVision (NASDAQ: PRKR) plunged 14% mid-day on news that the Regional Court of Munich is holding its decision in the ParkerVision v. Apple (NASDAQ: AAPL) infringement case until after the German Federal Patent Court rules on the associated pending nullity action. Similarly, the company’s final resolution in its German case against LG is pending the same action. The company expects a preliminary nullity decision before the end of 2017. “We remain optimistic that the Federal Patent Court will come to that conclusion yet this year enabling us to request the Regional Court to issue an enforceable injunction against both Apple and LG. In the meantime, we will continue to defend our intellectual property and believe maintaining the course on the enforcement actions of our patent rights will ultimately result in valuable asset monetization for the company,” ParkerVision CEO Jeffrey Parker stated in the news release.
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ParkerVision, Inc. designs, develops and markets its proprietary radio-frequency (RF) technologies, which 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.
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