ParkerVision, Inc. and LG Innotek Enter into Joint Development Agreement
LG Innotek to Incorporate ParkerVision's RF Technology into Multi-Mode Wireless Modules with Product Launch Targeted in Second Half of 2009
ParkerVision and LG Innotek have jointly specified the program as a multi-mode, multi-band HEDGE module supporting GSM, EDGE, WCDMA and HSPA standards with a targeted product launch in the second half of 2009. Industry forecasts predict that HEDGE mobile handsets will represent shipments of approximately 80.2 million units annually in 2009, growing by 132% to 186.1 million units annually in 2010. (Source: ABI Research 3Q 2008 -- Mobile Devices Market Forecast Analysis, World Handset Shipments by Technology)
ParkerVision will host a conference call to discuss the agreement on
About LG Innotek
Founded in 1970, LG Innotek Co., Ltd, a division of LG Group, is a global market leader in the manufacture and sale of key electronic components and modules in the areas of digital information-based mobile communications, displays, networks and car electronics. LG Innotek's products include: LCD modules, LEDs, Camera modules, Power modules, Digital Tuner and Wireless Communication modules.
The company has its headquarters in
ParkerVision, Inc. designs, develops and sells 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
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
SOURCE ParkerVision, Inc.
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