JACKSONVILLE, Fla., Aug 3, 2009 (GlobeNewswire via COMTEX News Network) -- ParkerVision, Inc. (Nasdaq:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, announced today that it has appointed The Wall Street Group, Inc. as its financial public relations advisor.
The Wall Street Group, based in New York City, was founded in 1959 and was the first firm of its kind specializing in developing investment community sponsorship for the shares of growth companies.
"The engagement of The Wall Street Group coincides with a key inflection point for ParkerVision," stated Chairman and Chief Executive Officer, Jeffrey Parker. "Following an extensive development and marketing program, we expect to begin generating revenue from our innovative RF technology this year and are looking forward to significant growth as a technology provider in the mobile handset market. The Wall Street Group's excellent reputation and long experience within the financial community should enable ParkerVision to increase awareness and visibility among long-term investors and investment professionals, including institutions, investment advisors, financial analysts, money managers and investment banks," he added.
Among ParkerVision's advanced wireless technologies is the Direct2Power(tm) (d2p(tm)) solution that unifies the RF transmitter and power amplifier functions into a one-chip system. This fundamental advancement in RF architecture improves cell phone energy efficiency and performance, enabling increased talk time, reduced power consumption, extended battery life, reduced heat generation, greater levels of integration, and PCB (printed circuit board) space savings. As a unified solution, d2p also enables quicker design cycles, increased manufacturing yield and significant bill of materials cost savings.
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 enhanced performance in mobile handsets as the industry migrates to next generation networks. ParkerVision is headquartered in Jacksonville, Florida. For more information please visit www.parkervision.com. (PRKR-G)
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/A for the year ended December 31, 2008. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
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SOURCE: ParkerVision, Inc.
ParkerVision, Inc. Cindy Poehlman, Chief Financial Officer 904-737-1367 cpoehlman@parkervision.com The Wall Street Group, Inc. Ron Stabiner, Vice President 212-888-4848 rstabiner@thewallstreetgroup.com