ParkerVision Announces Settlement & Patent License Agreement With Samsung

(RTTNews) - Radio frequency technologies developer ParkerVision, Inc. (PRKR) Monday said it has entered into a settlement and patent license agreement with Samsung Electronics Co., Ltd for its worldwide license of its current patent portforlio.

As part of the agreement, ParkerVision will dismiss its claims against Samsung in two United States District Court cases and will file a motion to terminate Samsung from a pending investigation by U.S. International Trade Commission.

The agreement has certain exclusions and the companies agreed not to disclose the specific financial terms of the agreement.

ParkerVision's Chairman and CEO, Jeffrey Parker, commented, "Samsung is a world leader in technology and innovation, and we are pleased to welcome Samsung as a licensee of our technologies and to dismiss the outstanding litigation between the parties."