PARKERVISION [LOGO]
8493 Baymeadows Way [LOGO]
Jacksonville, Florida 32256
888-690-7110 FAX 904-731-0958
Contact: Carolyn Wrenn [LOGO]
Director of Investor Relations
FOR IMMEDIATE RELEASE
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PARKERVISION APPOINTS NEW PRESIDENT
JACKSONVILLE, FLORIDA Sept. 4, 2003 - PARKERVISION, INC. (Nasdaq NMS: PRKR),
which designs, develops and manufactures communications technology platforms and
products for the wireless and video industries, announced today the appointment
of William A. Hightower as President. William Hightower has been a member of
ParkerVision's Board of Directors and has worked closely with Chairman and CEO
Jeffrey L. Parker and the Company as ParkerVision has developed its wireless
radio and video technologies.
Hightower has extensive management experience, having been involved in business
planning, marketing, sales, and mergers and acquisitions in high-tech industries
both domestically and internationally. From August 1997 through May 2001, he was
President, Chief Operating Officer, and a Director of Silicon Valley Group Inc.,
which designed, manufactured, and sold equipment for leading-edge semiconductor
manufacturing on a worldwide basis. Silicon Valley Group, Inc., which had over
6000 employees, was acquired by the Dutch concern ASML in 2001. Hightower has
also been a private investor and consultant.
Jeffrey L. Parker, stated, "Bill's operational experience comes at a perfect
time as we introduce new products into the rapidly growing wireless marketplace
and expand our product lineup in the broadcast video division. ParkerVision has
now reached a stage of commercial development where his experience and
management depth will further enhance the strength of our management team as we
build and grow the value of this company."
Hightower stated, "ParkerVision has the key ingredients that I look for in the
creation of a commercially successful company; namely, talented enthusiastic
people, strong core technologies, and rapidly growing markets for the products
that can be built from its technologies. The combination of those ingredients
provides the framework for a significant growth opportunity. Wireless
applications, and in particular wireless networking, is still in its growth
infancy. The Company invented its product category in the television broadcast
market and now is ready to launch products that expand those advantages to the
internet via webcasting. I look forward to partnering with Jeff and the
management team to advance the Company's potential consistent with the growth
opportunities of its businesses."
ParkerVision, headquartered in Jacksonville, Florida, designs, develops and
manufactures communications technology platforms and products for the wireless
and video industries. The video division is engaged in the design, development
and marketing of automated video camera control systems and automated live
production systems for broadcasting and webcasting.
ParkerVision is a leader in direct conversion radio technology. Its patented
D2DTM radio communications technology enables the development of advanced,
highly integrated products for a wide range of wireless and wired radio-based
devices. D2D's innovative RF technology simplifies wireless electronics,
resulting in smaller, cost-effective, high-performance wireless communications
products. Additional information about ParkerVision is available at
www.parkervision.com and about D2D technology at www.d2d.com.
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 10K for the year ended December 31, 2002 and the Forms 10Q
for the quarters ended March 31, 2003 and June 30, 2003. These risks and
uncertainties could cause actual results to differ materially from those
currently anticipated or projected.