ParkerVision Files Against MediaTek and Realtek for Patent Infringement

Rhea-AI Summary

ParkerVision filed new patent infringement complaints against MediaTek and Realtek in the Western District of Texas, alleging unauthorized use of its technologies in semiconductor chips for smartphones and wireless devices. This follows ongoing actions against Intel, TCL, and LG Electronics, with previous settlements against companies like Hisense and Buffalo. CEO Jeffrey Parker highlighted MediaTek's rising dominance in smartphone chip shipments, emphasizing the company's substantial investment in R&D for RF technologies.

Positive

• Filing new complaints indicates proactive enforcement of intellectual property rights.
• Settlements with notable companies show potential for further financial recovery.
• CEO's comments suggest strong market position for MediaTek and Realtek, possibly enhancing ParkerVision's negotiation leverage.

Negative

• Ongoing litigation may strain financial resources and distract from core operations.
• Dependence on legal actions for revenue could indicate challenges in generating sales through technology licensing.

Second Infringement Action Filed Against TCL

JACKSONVILLE, FL / ACCESSWIRE / November 11, 2022 / ParkerVision, Inc. (OTCQB:PRKR) announced today that it has filed new complaints in the Western District of Texas against Taiwanese global fabless semiconductor companies, MediaTek Incorporated ("MediaTek") and Realtek Semiconductor Corp. ("Realtek"), for the infringement of four of its U.S. patents. The complaints request jury trials to determine, among other items, the financial damages for the unauthorized use of ParkerVision's wireless patented technologies in semiconductor chips used in Smartphones, WiFi and Bluetooth devices.

ParkerVision has ongoing actions in the Western District of Texas against Intel Corporation, TCL Electronics Holdings Co. Ltd. and affiliated companies ("TCL") and LG Electronics, Inc. ("LGE"), including a second action filed against TCL on November 7, 2022 for the infringement of two additional patents. To date, ParkerVision has settled actions against Japanese wireless networking company Buffalo, Inc., Taiwanese wireless networking company Zyxel Communications Corporation, and, most recently, Chinese SmartTV company Hisense Co. Ltd. and affiliates ("Hisense") through patent license and settlement agreements.

ParkerVision CEO Jeffrey Parker commented, "MediaTek and Realtek are both global suppliers of wireless semiconductors that we believe broadly infringe on ParkerVision's patented technologies. Both companies supply WiFi and Bluetooth chips worldwide. In addition, MediaTek has recently been cited by some as having the largest volume of Smartphone chip shipments worldwide with forecasts that MediaTek will overtake Qualcomm in unit volume as the chip supplier for Smartphones sold in the U.S."

ParkerVision has invested hundreds of millions in R&D and marketing in its patented RF receiver, transmitter, and RF power transmitter technologies to enable ultra-small semiconductor chips to deliver high performance RF wireless communications for mobile telephone standards such as 3G, 4G, and 5G standards, WiFi communications, Bluetooth, Satellite communications and other wireless applications.

About ParkerVision
ParkerVision, Inc. has designed, developed, and patented proprietary radio-frequency (RF) technologies which enable advanced wireless solutions for current and next generation wireless communication products. ParkerVision is engaged in a number of patent enforcement actions to protect patented rights that it believes are broadly infringed by others. For more information, please visit www.parkervision.com

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 for the year ended December 31, 2021, and Forms 10-Q for the quarters ended March 31 and June 30, 2022. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

CONTACT:
Cindy French
Chief Financial Officer
cfrench@parkervision.com

Tony Vignieri
Communications Director
tvignieri@parkervision.com

SOURCE: ParkerVision, Inc.

View source version on accesswire.com:
https://www.accesswire.com/725178/ParkerVision-Files-Against-MediaTek-and-Realtek-for-Patent-Infringement

FAQ

What recent legal action did ParkerVision take against MediaTek and Realtek?

ParkerVision filed patent infringement complaints against MediaTek and Realtek in the Western District of Texas.

What is the significance of ParkerVision's lawsuit against MediaTek?

The lawsuit seeks damages for unauthorized use of ParkerVision's patented technologies in semiconductor chips.

How does ParkerVision's legal action affect its stock symbol PRKR?

Legal actions can impact investor confidence and market perception, potentially affecting PRKR's stock performance.

Has ParkerVision had prior settlements in patent litigation?

Yes, ParkerVision has settled actions against companies like Hisense and Buffalo through patent license agreements.