ParkerVision Profile
ParkerVision, Inc. engages in the business of innovating fundamental wireless technologies and products. The company has designed and developed proprietary radio frequency (RF) technologies and integrated circuits for use in wireless communication products.
The company has expended significant financial and other resources to research and develop its (radio frequency) RF technologies and to obtain patent protection for those technologies in the United States of America (U.S.) and certain foreign jurisdictions. Certain patents protecting the company's proprietary technologies have been broadly infringed by others and therefore the primary focus of its business plan is the enforcement of its intellectual property rights through patent infringement litigation.
The company has patent enforcement actions ongoing in various U.S. district courts against mobile handset, smart television and other WiFi product providers, as well as semiconductor suppliers for the infringement of several of its RF patents. The company has made significant investments in developing and protecting its technologies, the returns on which are dependent upon the generation of future revenues for realization.
Beginning in 2020, the company filed several patent enforcement cases in the Western District of Texas and, through 2022, the company had entered into three patent license and settlement agreements with defendants, resulting in the dismissal of four pending actions. In February 2023, the company entered into another patent license and settlement agreement and dismissed two additional actions. The company has five enforcement actions pending in Texas against four separate foreign defendants.
Additionally, the company had two patent enforcement cases pending against Qualcomm in the Middle District of Florida. In March 2022, the district court in one of those cases granted Qualcomm's motion for summary judgment ruling that Qualcomm does not infringe the three patents in the case. The company has an appeal pending at the Federal Circuit, which is expected to be decided in 2023. The second case which is pending against Qualcomm and Apple has been stayed pending the outcome of the first case. The company also has a patent enforcement action against LG in the District of New Jersey that is stayed pending resolution of the Qualcomm and Apple case in Florida.
Products and Licenses
As of December 31, 2022, the company had four licensees for its technologies, including one licensee added in 2022. All of its license agreements resulted from settlement of patent enforcement actions initiated by the company.
RF Technologies
The company's RF technologies enable highly accurate transmission and reception of RF carriers at low power consumption, thereby enabling extended battery life, and certain size, cost, performance, and packaging advantages. The most significant hurdle to the licensing and/or sale of its technologies and related products is the widespread use of certain of the company's technologies in infringing products produced by companies with significantly greater financial, technical, sales, and marketing resources. The company can secure licensing agreements with unauthorized current users of one or more of its technologies based on a solid and defensible patent portfolio and the advantages enabled by its unique patent-protected technologies.
Patents and Trademarks
As of December 31, 2022, the company had approximately 60 active U.S. and foreign patents related to its RF technologies. The company's portfolio of issued patents have expirations ranging from 2023 to 2036.
History
ParkerVision, Inc. was founded in 1989. The company was incorporated under the laws of the state of Florida in 1989.
