JACKSONVILLE, Fla., Oct 7, 2009 (GlobeNewswire via COMTEX News Network) -- ParkerVision, Inc. (Nasdaq:PRKR) ("ParkerVision"), a developer and marketer of semiconductor technologies for wireless applications, announced today that it has received a purchase order from ITT Corporation (NYSE:ITT) ("ITT") to incorporate ParkerVision's Direct2Power(TM) (d2p(TM)) wireless technology into a highly-integrated transceiver radio platform for use in military radio applications. ParkerVision and ITT have been working together on several initiatives with ITT's customers and this program represents the first contract awarded as a result of those initiatives.

ParkerVision received a purchase order from its licensee, ITT, for approximately $130,000 for work to be performed under a contract awarded to ITT by the U.S. Army Communications-Electronics-Research, Development and Engineering Center ("CERDEC"). ITT is the primary contractor under the CERDEC grant with ParkerVision designated as a subcontractor on the program. The objective of this program is to deliver a demonstrable highly integrated transceiver radio system using d2p for purposes of evaluating figures of merit and demonstrating communications improvements enabled by d2p. The program funds will be utilized to retrofit an existing ITT highly-integrated transceiver radio platform with ParkerVision's existing commercial d2p radio frequency integrated circuit (RFIC) technology.

About ParkerVision

ParkerVision, Inc. is in the business of designing, developing and selling its proprietary radio frequency technologies and products for use in semiconductor circuits for wireless communication products. 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 10K/A for the year ended December 31, 2008 and the Forms 10Q for the quarters ended March 31, 2009 and June 30, 2009. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

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SOURCE: ParkerVision, Inc.

CONTACT: ParkerVision, Inc.
Cindy Poehlman, Chief Financial Officer
904-732-6100
cpoehlman@parkervision.com
The Wall Street Group, Inc.
Ron Stabiner, Vice President
212-888-4848
rstabiner@thewallstreetgroup.com