JACKSONVILLE, Fla., Nov. 14, 2012 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (Nasdaq:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, announced today that, along with its legal counsel McKool Smith, it has retained intellectual property strategy firm, 3LP Advisors LLC.

3LP Advisors is a leading intellectual property advisory firm with offices in Boston, MA and Palo Alto, CA. Its founders, Kevin Rivette, Mark Blaxill and Ralph Eckardt, are listed among "The World's Leading Intellectual Property Strategists" by Intellectual Asset Management Magazine. The firm has extensive experience helping clients integrate their technology, intellectual property, and business strategies to fully realize the market value of their innovations. 3LP's team of professionals leverages its methodologies, know-how, and proprietary tools to develop customized road maps that assist companies in navigating innovation and related intellectual property matters. The firm's clients range in size from some of the world's largest companies to venture-backed start-ups. 

"It is truly rare when an innovative technology like ParkerVision's energy sampling has been so strongly protected by such carefully written and comprehensively developed patents," said 3LP co-founder and Managing Partner, Kevin Rivette. "We believe that ParkerVision's unique approach to the down-conversion of radio frequency signals to baseband signals has made possible many of the latest generations of products, including smartphones, tablets, Bluetooth, satellite, Wi-Fi and GPS. We are excited to be working with ParkerVision on such pioneering innovations and their associated patent portfolio."  

"We are pleased to announce the involvement of 3LP Advisors as we evaluate a number of strategic options," said Jeffrey Parker, ParkerVision CEO and Chairman of the Board. "We believe 3LP's expertise and experience will be instrumental in helping us capture the value from our innovations in the marketplace."

About ParkerVision

ParkerVision, Inc. designs, develops and markets its proprietary RF technologies, which enable advanced wireless communications for current and next generation mobile communications networks. Its solutions for wireless transfer of radio frequency (RF) waveforms enable significant advancements in wireless products, addressing the needs of the cellular industry for efficient use of power, reduced cost and size, greater design simplicity and enhance performance in mobile handsets as the industry migrates to next generation networks. ParkerVision is headquartered in Jacksonville, Fla. For more information, please visit http://www.parkervision.com.

The ParkerVision, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7219

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, 2011 and the Form 10-Q for the quarters ended March 31, 2012 and June 30, 2012. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

CONTACT: Cindy Poehlman
         Chief Financial Officer
         ParkerVision, Inc.
         Ron Stabiner
         Vice President
         The Wall Street Group, Inc.

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