JACKSONVILLE, Fla., May 17, 2010 (GlobeNewswire via COMTEX News Network) -- ParkerVision, Inc. (Nasdaq:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, announced today that it received the prestigious "Provectus" Award at MDB Capital Group's inaugural Bright Lights Conference last week in San Francisco. MDB's Bright Lights conference was the first public company conference focused exclusively on companies with disruptive and market changing intellectual property (IP).
The methodology used to determine the award consisted of quantitative scoring of companies based on MDB's proprietary IP business intelligence database called PatentVest. Latin for "Most Advanced," the Provectus award was presented to the top five companies across all industries with the highest combined tech score, patent application growth rate, and number of patent grants. This award recognizes strength of IP process.
"Intellectual property is no longer an intangible asset class," said Christopher Marlett, Chairman and CEO of MDB Capital Group. "MDB Capital built PatentVest to help investors easily assign a tangible value to patents, and we've proven that market leading IP is predictive of superior business performance. Companies like ParkerVision typify the market leading IP presented at our Bright Lights Conference. We are proud to recognize its achievements with the Provectus, which recognizes strength of IP Process leadership."
Peter J. Conley, Managing Director of MDB Capital Group, stated, "We congratulate ParkerVision on its emergence as one of the "Best and Brightest" from a very competitive group of more than 4,000 benchmarked companies. ParkerVision's key PatentVest metrics in the categories of Depth and Isolation were at the 100th percentile, indicative of game-changing innovation and very high barriers to entry. We commend the ParkerVision team on this outstanding accomplishment."
In addition to being a Provectus Award recipient, ParkerVision was also a featured speaker at the conference. ParkerVision was selected by MDB as one of 50 of the most innovative public companies ranked in the 90th percentile for technology leadership from a universe of more than 1,600 small cap companies with U.S. patents, as rated by PatentVest.
To date, ParkerVision has been granted more than 150 patents in the U.S. and internationally, with approximately 80 additional patent applications currently pending.
About MDB Capital
MDB Capital Group LLC is an institutional research and investment banking firm that focuses exclusively on companies that possess market changing, disruptive intellectual property. For more information, visit www.mdb.com.
About PatentVest
MDB built PatentVest from the ground up covering more than 4,000 public and private companies, unifying more than 4 million U.S. patents granted and more than 2 million U.S. patent applications on file. More than 75,000 man-hours and several million dollars were spent on its initial development. Beyond a mere software solution, PatentVest is a fully integrated, easy-to-use online searching, analytic and reporting platform, powered by the world's most comprehensive patent database and a dedicated data center - the first and only one of its kind.
About ParkerVision, Inc.
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 ParkerVision's SEC reports, including the Form 10-K for the year ended December 31, 2009, and the Form 10-Q for the quarter ended March 31, 2010. 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