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ParkerVision Prices Common Stock Offering



ParkerVision Prices Common Stock Offering

JACKSONVILLE, Fla., March 21, 2013 (GLOBE NEWSWIRE) -- ParkerVision, Inc.
(Nasdaq:PRKR) ("ParkerVision" or the "Company") today announced the pricing of
its previously announced underwritten public offering of 4,100,000 shares of
its common stock at a public offering price of $3.25 per share. In connection
with the offering, the Company has also granted the underwriter a 45-day
option to purchase up to an additional 615,000 shares of common stock to cover
over-allotments, if any. Ladenburg Thalmann & Co. Inc., a subsidiary of
Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), acted as the sole
bookrunning manager for the offering.

Net proceeds from the sale of the shares after underwriting discounts and
other offering expenses are expected to be approximately $12.4 million. If the
underwriter exercises its over-allotment option in full, net proceeds from the
offering will be approximately $14.3 million. The Company plans to use the net
proceeds from the offering to fund its research, its sales and marketing
activities and its infringement litigation, and for other working capital and
general corporate purposes. The offering is subject to customary closing
conditions and is expected to close on March 26, 2013.

The offering is being made pursuant to an effective shelf registration
statement on Form S-3 previously filed with and subsequently declared
effective by the Securities and Exchange Commission (the "SEC"). These
securities may be offered only by means of a prospectus supplement. A
preliminary prospectus supplement relating to the offering was filed with the
SEC and a final prospectus supplement relating to the offering will be filed
with the Securities and Exchange Commission. Copies of the preliminary
prospectus supplement and, when available, the final prospectus supplement
relating to the offering, together with the accompanying base prospectus
included in the registration statement, may be obtained from the Securities
and Exchange Commission at http://www.sec.gov, or from Ladenburg Thalmann &
Co. Inc., 520 Madison Avenue, 9^th Floor, New York, NY 10022 – Attention:
George Mangione, (631) 270-1611 or GMangione@ladenburg.com. Before you invest,
you should read the preliminary prospectus supplement or, if available, the
final prospectus supplement and the accompanying base prospectus and other
documents ParkerVision has filed or will file with the SEC for more complete
information about ParkerVision and the offering.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of, these securities in any
state or other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities laws
of any such state or jurisdiction.

About ParkerVision, Inc.

ParkerVision designs, develops and sells its proprietary RF technologies which
enable advanced wireless communications for current and next generation mobile
communications networks. ParkerVision is headquartered in Jacksonville,
Florida. (PRKR-G)

The ParkerVision, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7219

Safe Harbor Statement

This press release contains forward-looking information, including the
expected closing of the public offering and the intended use of proceeds from
the offering. 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 ParkerVision's SEC reports, including the Form 10-K for the
year ended December 31, 2012. These risks and uncertainties could cause actual
results to differ materially from those currently anticipated or projected.

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

ParkerVision, Inc. Logo
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