JACKSONVILLE, FLORIDA, June 29, 2006 - ParkerVision, Inc. (Nasdaq NMS: PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, announced today that it has been selected for inclusion in the Russell 3000® Index and the Russell 2000® Index when Russell Investment Group reconstitutes its family of U.S. indexes on June 30, 2006.
With its membership in the Russell 3000, which remains in place for one year, Parkervision will be automatically included in the small-cap Russell 2000® Index as well as the appropriate growth and style indexes. Russell determines membership for its equity indexes primarily by objective, market capitalization rankings and style attributes.
"Our inclusion in the Russell 3000 is reflective of the progress and prospects of Parkervision," said Jeff Parker, president and CEO. "The Russell 2000® Index provides an important service and tool for investors and institutions seeking solid growth in small cap companies-a primary audience for Parkervision-- and we would expect our inclusion in the Index to enhance our visibility within this community. "
About Russell
Russell, a global leader in multi-manager investment services, provides investment products and services in 44 countries. Russell manages more than $167 billion in assets and advises clients worldwide representing $2.4 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more information, go to www.russell.com.
About ParkerVision
ParkerVision is focused on the commercialization of its proprietary RF communication technologies that enable significant advancements in wireless products and services.
These technologies are described collectively as Energy Signal Processing (ESP?). ESP optimally processes RF waveform energy, eliminating costly and inefficient circuit processes inherent in traditional RF designs. ParkerVision's solutions will initially address key needs for extended battery life, reduced cost and higher performance in mobile handsets as the cellular industry migrates to next generation 3G networks.
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 10K for the year ended December 31, 2005 and the Form 10Q for the quarter ended March 31, 2006. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
Paul Henning
Cameron Associates
212-245-8800
paul@cameronassoc.com
Carolyn Wrenn
ParkerVision, Inc.
888 690-7110
cwrenn@parkervision.com