JACKSONVILLE, Fla., May 10, 2007 (BUSINESS WIRE) -- ParkerVision, Inc. (Nasdaq NMS: PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, announced the net loss from continuing operations for the first quarter was $4.47 million, or $.19 per share compared to a net loss of $4.34 million or $.19 per share during the first quarter of 2006.

The increase in net loss from 2006 to 2007 is the result of a $0.2 million increase in the company's research and development expenses.

The Company's cash position increased from $13.2 million at year end 2006 to $19 million at the end of the first quarter of 2007. This increase of $5.8 million is due to proceeds from a private placement of equity securities in February 2007 and proceeds from the exercise of warrants and employee stock options, offset somewhat by cash used for operating and investing activities during the first quarter of 2007.

The Company recently announced that it has entered into a royalty-bearing intellectual property license agreement and engineering services agreement with ITT Corporation. The Company expects revenues from the engineering services agreement to commence in the second quarter of 2007.

Chairman and Chief Executive Officer, Jeffrey Parker commented, "We are extremely pleased to have secured the first design win for our d2p(TM) technology with ITT. We remain confident that this win, coupled with the strength of our intellectual property, the soundness of our business strategy, and the focus of our management team will fortify and sustain our efforts of meeting our primary objective of a first OEM design win in the mobile handset market."

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(TM)). 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 networks. The company's extended business strategy targets additional market opportunities in communications and networking where it can leverage its ESP technologies for products and services in an increasingly wireless world.

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, 2006 and the Form 10Q for the quarter ended March 31, 2007. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

           Summary of Results of Operations (unaudited)

(in thousands, except per share amounts)           Three Months Ended
                                                        March 31,
                                                     2007      2006
                                                   --------- ---------
Revenue, net                                       $      -  $      -
Cost of goods sold                                        -         -
                                                   --------- ---------
Gross margin                                              -         -
                                                   --------- ---------

Research and development                              2,732     2,558
Marketing and selling                                   667       554
General and administrative                            1,274     1,389
                                                   --------- ---------
   Total operating expense                            4,673     4,501
                                                   --------- ---------

Interest and other                                      205       158
                                                   --------- ---------

Net loss                                           $ (4,468) $ (4,343)
                                                   ========= =========

Basic and diluted loss per common share            $  (0.19) $  (0.19)
                                                   ========= =========

Balance Sheet Highlights
                                              March 31,
                                                 2007    Dec 31, 2006
                                              ---------- -------------
Cash and short term investments               $  19,016  $     13,226
Other current assets                              1,012         1,147
Property and equipment, net                       1,969         2,094
Other assets, net                                10,189        10,208
                                              ---------- -------------
  Total assets                                $  32,186  $     26,675
                                              ========== =============

Current liabilities                           $   1,387  $      1,059
Deferred rent                                       413           433
Shareholders' equity                             30,386        25,183
                                              ---------- -------------
  Total liabilities and shareholders' equity  $  32,186  $     26,675
                                              ========== =============

SOURCE: ParkerVision, Inc.

Cameron Associates
Paul Henning, 212-245-8800
ParkerVision, Inc.
Carolyn Wrenn, 888-690-7110