ParkerVision Closes Common Stock Offering

ParkerVision Closes Common Stock Offering

JACKSONVILLE, Fla., March 26, 2013 (GLOBE NEWSWIRE) -- ParkerVision, Inc.
(Nasdaq:PRKR) ("ParkerVision") today announced the closing 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. Ladenburg Thalmann & Co. Inc.,
a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS),
acted as the sole bookrunning manager for the offering.

Ladenburg Thalmann & Co. Inc. exercised in full its over-allotment option to
purchase an additional 615,000 shares of common stock at the public offering
price of $3.25 per share less underwriting discounts. The closing of the
over-allotment option exercise took place simultaneously with the closing of
the public offering.

Net proceeds from the sale of the shares after underwriting discounts and
other offering expenses were 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 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 and final prospectus supplement relating to
the offering were filed with the SEC. Copies of the final prospectus
supplement relating to the offering, together with the accompanying base
prospectus included in the registration statement, may be obtained from the
SEC at http://www.sec.gov, or from Ladenburg Thalmann & Co. Inc., 520 Madison
Avenue, 9th Floor, New York, NY 10022 – Attention: George Mangione, (631)
270-1611 or GMangione@ladenburg.com.Before you invest, you should read the
final prospectus supplement and the accompanying base prospectus and other
documents ParkerVision has filed 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)

Safe Harbor Statement

This press release contains forward-looking information, including 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 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

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