Jacksonville, FL, October 22, 2002 — ParkerVision, Inc. (NASDAQ NMS: PRKR), a leader in communication platforms and products for the wireless and video industries, today announced that its video division will supply its PVTVTM NEWS24Plus! video newsroom systems to all five of News 12 Networks’ cable television stations, which are located in New York, New Jersey and Connecticut.
“We have been very pleased with our ongoing relationship with News 12 and their continued support in both our product development and marketing of PVTV. PVTV’s key to our growing success is its unique patented technology and our high commitment to customer service,” stated Jeffrey Parker, chairman and CEO of ParkerVision. “Our PVTV division is in discussions with many major news broadcasters. The News 12 contract which we anticipate delivering by year end underlines ParkerVision’s growing market penetration in broadcast and cable news. Our systems are successful because of the technological advantage that the broadcast stations realize through additional content generation, quality broadcasts and substantially enhanced cost savings for the station operator in the broadcast production process.”
“News 12 the Bronx was the original beta tester for PVTV. Having produced thousands of news programs with consistent high quality using ParkerVision’s unique automated system, we have decided to convert all of our stations to the PVTV NEWS24Plus! system,” stated Steve Weinberg, senior vice president of operations for News 12 Networks.
The patented PVTV NEWS is a live professional broadcast video production system that leverages the integration of video, audio, machine, camera and teleprompter control functions into a one to two operator station. Through ParkerVision’s patented and patents-pending Transition MacroTM technology, all segments of a live newscast can be pre-programmed and previewed prior to a show going on-air.
News 12 Networks is a division of Rainbow Media Holdings Inc., a subsidiary of Cablevision Systems Corporation. News 12 Networks currently delivers local news to approximately 3.3 million viewers throughout the New York tri-state area. PVTV NEWS24Plus! will be delivered by year-end to high viewer density markets located in Long Island, New Jersey, Westchester, and Southwestern Connecticut. The contract will include an upgrade for NEWS 12 the Bronx, which is in the New York City market.
ParkerVision’s success in the broadcast market is creating a buzz in the educational community as well. The journalism departments of Brigham Young University and Ball State University recently took delivery of PVTV systems for the purpose of educating students on PVTV production automation and workflow processes. Broadcasters are seeking to source PVTV directors with hands-on experience, and these well-respected universities are looking to get a jump on this opportunity.
“As ParkerVision enters into its fourth quarter, we are pleased with the progress of both of our businesses. Our Direct2DataTM Technologies division is on track for the commercialization of our PV-1000 WLAN RF transceiver product line following its successful testing announced July 30,” added Mr. Parker.
ParkerVision is headquartered in Jacksonville, Florida. The company’s video division is engaged in the design, development and marketing of automated live production systems for broadcasting and webcasting and automated video camera control systems. NEWS24Plus! Systems typically cost between $400,000 and $600,000 per station.
Direct2DataTM Technologies, a division of 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 and its products 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, 2001 and the Forms 10Q for the quarters ended March 31, 2002, and June 30, 2002. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.