ParkerVision Announces Private Placement of 3.7 Million Shares

ParkerVision Announces Private Placement of 3.7 Million Shares

JACKSONVILLE, Fla., Aug. 2, 2013 (GLOBE NEWSWIRE) -- ParkerVision, Inc.
(Nasdaq:PRKR) ("ParkerVision"), a developer and marketer of semiconductor
technology solutions for wireless applications, today announced that it has
entered into a securities purchase agreement with accredited investors for the
sale of approximately 3.7 million shares of the Company's common stock, for
$3.80 per share, or gross proceeds of approximately $14.0 million.
Craig-Hallum Capital Group LLC and Ladenburg Thalmann & Co. Inc., a subsidiary
of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), acted as the
co-placement agents in connection with the offering.

The securities purchase agreement contains customary representations and
warranties and covenants of ParkerVision and is subject to customary closing
conditions. ParkerVision anticipates that the sale of the shares will close on
or about August 6, 2013, subject to the satisfaction or waiver of the closing
conditions. The Company intends to use the net proceeds from the sale of the
shares for working capital purposes.

The shares are being offered and sold solely to accredited investors on a
private placement basis. ParkerVision will register the shares under the
Securities Act of 1933, as amended, for resale by the investors. ParkerVision
has committed to file the registration statement by the 20^th calendar day
following the closing of the sale of the shares.

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

Safe Harbor Statement

This press release contains forward-looking information, including information
regarding the proposed 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 and the Form 10-Q for the
quarter ended March 31, 2013. These risks and uncertainties could cause actual
results to differ materially from those currently anticipated or projected.

CONTACT: Cindy Poehlman
         Chief Financial Officer
         ParkerVision, Inc.
         904-732-6100, cpoehlman@parkervision.com
        
         or
        
         The Piacente Group, Inc.
         Investor Relations
         Lee Roth
         212-481-2050, parkervision@tpg-ir.com

ParkerVision, Inc. Logo
 
Press spacebar to pause and continue. Press esc to stop.