8-K - PRKR - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 2, 2022

PARKERVISION, INC.

(Exact Name of Registrant as Specified in Charter)

Florida	000-22904	59-2971472
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
4446-1A Hendricks Avenue Suite 354, Jacksonville, Florida	32207
---	---
(Address of Principal Executive Offices)	(Zip Code)

(904) 732-6100

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
None

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On November 2, 2022, ParkerVision entered into a patent license and settlement agreement with Hisense International Co., Ltd. (“Hisense”). In conjunction with the agreement, ParkerVision will file a motion to dismiss its patent infringement litigation against Hisense and Hisense will withdraw from the pending Patent Trial and Review Board proceedings against ParkerVision. Proceeds from this agreement will be used for ParkerVision contingent out-of-pocket legal expenses.

The Company issued a press release, which is filed herewith as Exhibit 99.1, announcing its patent license agreement with Hisense.

Item 9.01 – Financial Statements and Exhibits.

(d) Exhibits

Exhibit	Description
99.1	Press release dated November 3, 2022
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 4, 2022
	PARKERVISION, INC.
	By /s/ Cynthia French
	Cynthia French
	Chief Financial Officer

ex_442095.htm

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE :

ParkerVision Secures Patent License Agreement with Hisense

Jacksonville, Florida, November 3, 2022 -- ParkerVision, Inc. (OTCQB: PRKR), a leading developer of radio frequency technologies used in advanced wireless solutions, announced today that it has successfully resolved its patent infringement litigation against Chinese Hisense International Co., Ltd. (“Hisense”) on mutually-agreeable and confidential terms including a license covering certain patents.

In conjunction with this agreement, ParkerVision will file a motion to dismiss its patent infringement proceedings against Hisense in the Western District of Texas and Hisense will withdraw from the pending IPR proceedings against ParkerVision.

ParkerVision initiated a patent infringement action against Hisense in the Western District of Texas in September 2020, with a second action filed in June 2021. The infringement action related to Hisense’s use of WiFi chips in certain of its products. ParkerVision has additional patent infringement actions currently ongoing in the Western District of Texas including cases against Intel, TCL and LG.

“We are pleased to execute our third patent license and settlement agreement stemming from our Texas actions and believe this demonstrates our willingness to come to the table on reasonable business terms in lieu of time-consuming and costly litigation. Nevertheless, we are prepared to defend our patent rights in court if needed and, accordingly, we are busy preparing for our upcoming trial against Intel that is scheduled to commence in approximately three months,” said Jeffrey Parker, ParkerVision’s Chairman and CEO.

About ParkerVision

ParkerVision, Inc. has designed, developed, and patented proprietary radio-frequency (RF) technologies which enable advanced wireless solutions for current and next generation wireless communication products. ParkerVision is engaged in a number of patent enforcement actions to protect patented rights that it believes are broadly infringed by others. For more information, please visit www.parkervision.com

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 December 31, 2021, and the Forms 10-Q for the quarters ended March 31 and June 30, 2022. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

Contact:

Cindy French Tony Vignieri

Chief Financial Officer Communications Director

cfrench@parkervision.com tvignieri@parkervision.com