Parkervision Inc – ‘8-K’ for 1/27/98 – EX-20.1

As of:  Tuesday, 1/27/98   ·   For:  1/27/98   ·   Accession #:  938492-98-19   ·   File #:  0-22904

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report on Form 8-K                             3      8K 
 2: EX-20.1     Press Release                                          1      7K 

EX-20.1   —   Press Release

                                                                EXHIBIT 20.1

 PARKERVISION ANNOUNCES EXISTING AGREEMENT WITH IBM TERMINATES--
COMPANY CONTINUES WITH STRATEGIC FOCUS ANNOUNCED IN DECEMBER

 COMPANY CONTRACTING WITH BOEING TO OVERSEE VERIFICATION OF TEST
 RESULTS

JACKSONVILLE,  FLORIDA,  January 27,  1998-PARKERVISION,  INC. (NASDAQ NM SYMBOL
PRKR),  today announced that IBM has terminated its existing  agreement with the
Company  that was entered into in July 1997.  Jeffrey  Parker,  CEO stated,  "We
regret that IBM chose to  terminate  the  agreement  before they had a chance to
test our Universal Direct Conversion  Receiver IC that we announced in December.
Unfortunately,  the companies never could reach agreement on a test procedure of
the technology that was acceptable to both parties.                             

The Company also announced that it is contracting  with Boeing  Microelectronics
to test its  technology  and verify the results  that have been  measured in the
Company's own laboratory.  Jeffrey Parker stated, "Since the announcement of our
Universal Receiver IC 'Eddie' we have had a tremendous amount of interest in our
technology from many  companies-including some of the most recognizable names in
wireless  communications and products. The comment we have heard most frequently
from these  companies is that our claims are unique and compelling and that upon
independent  validation  they believe  there are numerous  applications  for our
technology.                                                                     

Further commenting on the performance expectations of the technology, Mr. Parker
said,  "Our own  test  results  have met or  exceeded  our  expectations  and we
encourage  third party  verification  of our  technology.  We have chosen Boeing
Microelectronics  because of their extensive experience in both microelectronics
and wireless applications. We look forward to sharing the results of the testing
sometime in February."                                                          

ParkerVision is engaged in the design and development of wireless technology and
Audio/Visual  products.  ParkerVision  has patents pending on wireless and video
technologies and has been granted patents on video technologies and systems.    

This press release contains forward-looking  information.  Readers are cautioned
not to place undue  reliance  on any such  forward-looking  statements,  each of
which  speak only as of the date made.  Such  statements  are subject to certain
risks  and  uncertainties  that are  disclosed  in the  Company's  SEC  reports,
including  the form 10KSB for the year  ended  December  31,  1996 and the Forms
10-QSB for the quarters  ended March 31, 1997,  June 30, 1997, and September 30,
1997.  These  risks and  uncertainties  could  cause  actual  results  to differ
materially from those presently anticipated or projected.                       

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on / For Period End:		1/27/98
		9/30/97		10QSB
		6/30/97		10QSB
		3/31/97		10KSB,  10QSB
		12/31/96		10KSB
				List all Filings