JACKSONVILLE, FLORIDA, July 20, 2004 - PARKERVISION, INC. (Nasdaq NMS: PRKR), announced today that it has acquired for approximately $1,000,000 the Aero 2000 cordless phone from Consumerware Incorporated, a privately held company based in Washington. The purchase includes all intellectual property including designs, schematics and software related to the cordless phone as well as high volume production tooling and component inventory. ParkerVision is in the process of integrating its patented D2D technology into the existing cordless phone.
Jeffery L. Parker, Chairman, and CEO commented, "ParkerVision is extraordinarily pleased to have acquired assets related to the cordless phone. With the integration of our D2D technology, the new cordless telephone will have an unprecedented two-mile open field range that we believe will make it the best in distance, coverage, and voice quality in typical consumer usage when compared to other cordless phones on the market today. We believe this phone, with its quality form factor and feature set, combined with the high performance of our D2D transceiver technology will provide a unique and exciting offering to consumers. We expect to be in production with the D2D-based cordless phone in the fourth quarter of this year."
For an advance look at ParkerVision's initial cordless phone offering visit this page.
ParkerVision, Inc., headquartered in Jacksonville, with additional facilities in Orlando, Florida, designs, develops and manufactures complete solutions for wireless products based on the enabling, patented D2D™ technology. This technology, along with the system engineering, enables the development of wireless products that offer the highest performance and reliability while consuming low power and at affordable prices. Additional information about ParkerVision is available at www.parkervision.com and about D2D™technology at www.Direct2Data.com.
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 10K for the year ended December 31, 2003 and the Form 10Q for the quarter ended March 31, 2004. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.