ParkerVision, Inc. · OTC:PRKR
ParkerVision — Investor Presentation (May 2012)
49 slides from ParkerVision's investor presentation, May 1, 2012
Slide 1: ParkerVision
PARKERVISION
Slide 2: Forward-looking statements disclaimer
This document shall not constitute an offer to sell or the solicitation of an offer to buy securities of ParkerVision, Inc. (the “Company”). This presentation may contain forward-looking statements that involve risks and uncertainties. All statements, other than statements of fact, included in this
Slide 3: ParkerVision Overview
PARKERVISION OVERVIEW PARKERVISION BUSINESS: © Sector - wireless © Leading innovator of fundamental wireless technology; breakthrough in RF transceivers — current focus mobile devices © Investing in wireless R&D since mid-90's -- invested >$200 million * Target customers - wireless chipset ——- vendo
Slide 4: ParkerVision & the Industry
PARKERVISION OVERVIEW PARKERVISION & THE INDUSTRY: Business status — RF transmit chips under evaluation with key potential OEM * Patent portfolio: world leading, vitally important portfolio * Industry/Competition * Competition largely based on technology differentiation Headquarters: * Requires inte
Slide 5: Value Proposition
PARKERVISION OVERVIEW VALUE PROPOSITION: Deep value Innovator providing pore tedeneey, ParkerVision ‘today’s wireless chipsets
Slide 6: Successful Track Record & Pioneering Leadership
SUCCESSFUL TRACK RECORD & PIONEERING LEADERSHIP Wireless Chip Business and Licensing Broadcast/Production Retall WE-FL
Slide 7: Industry Dynamics, Size and Growth Potential
INDUSTRY DYNAMICS, SIZE AND GROWTH POTENTIAL
Slide 8: Wireless Convergence
WIRELESS CONVERGENCE This is a world of wireless convergence - ParkerVision’s technology applies to every application that use RF transceivers Network
Slide 9: Mobile-Connected Devices
2012 Connections (M) = m MOBILE-CONNECTED DEVICES Millions = ° #1-Wireless became ##1 semiconductor 10,000 7” is} Industry in 2011 — surpassing $60 billion in a 6 revenue " sno — 9 © >7 Billion - The number of mobile devices : Poulation (M) 2 will exceed the world’s population byendof =|, Wireless.
Slide 10: The Mobile-Connected & Cellphone Markets
THE MOBILE-CONNECTED & CELLPHONE MARKETS CELLPHONE MARKET ANNUAL CELLPHONE SHIPMENTS GLOBALLY ° Largest global consumer device market © 1.6 billion units sold annually: 2010 © 1,9 billion units annually predicted: 2013 1,918 2,000 1662 735 1,597 + x= m = ie} a j= i=} Q ie} Zz z m 9 m i=} © CAGR 2009
Slide 11: ParkerVision Chips On
PARKERVISION CHIPS 1ON FABLESS SEMICONDUCTOR PROVIDER * Developed 3G (CDMA) high efficiency © ParkerVision believes its technologies are transmitter IC’s - reduces heat and extends essential for 4G mobile devices where heat, battery life for 3G mobile handsets power consumption, and multimode requir
Slide 12: ParkerVision's RF Transmitter Technology
PARKERVISION’S RF TRANSMITTER TECHNOLOGY = ie} a [= Is n = 3 s > g < > 2 {eo} m is) z2 an UO}s|Mayed
Slide 13: ParkerVision RF Transmitter Technology
PARKERVISION RF TRANSMITTER TECHNOLOGY ADVANCEMENT IN RF TRANSMISSION 8+] TRANSMITTERS AND POWER AMPLIFIERS Reinvented the building blocks of RF transmit chains - solving problems that continue to plague the industry: 1) Significantly reduces current consumption of the most power consuming mobile ph
Slide 14: The Problem: Traditional Linear Analog RF Transmit Chains
‘THE PROBLEM: TRADITIONAL LINEAR ANALOG RF TRANSMIT CHAINS TRADITIONAL TECHNOLOGIES ° Transmit chains used in today’s cell phones use traditional linear analog RF components ° The same basic analog RF circuits have been used for decades while only the materials to build the analog RF circuits have i
Slide 15: ParkerVision's RF Solution
PARKERVISION’S RF SOLUTION = Py 2 rat 5 2 a fe ie} ~ n fo} 2 = a (e) cS PARKERVISION'S ADVANCED TECHNOLOGY © Replaces the traditional analog linear transmitter and PA with a... ° High-efficiency © Non-linear switching © RF Power Transmitter ° Consumes less power and generates less heat © Delivers ex
Slide 16: ParkerVision RF Chip Lowers Cost
PARKERVISION RF CHIP LOWERS CO: Enables reduced manufacturing cost = e} e:) ec 2 “a = g si > 2 > 2 (e} m ie] z n UO}S|MOHed
Slide 17: Low Heat for Thin Phones
PARKERVISION W HEAT For THIN PHONES Traditional RF Transmitter Chains Generate More Heat During Max Signal Output Low heat = Thin Phones = ie} a [= Is n = 3 s > 2 > 2 {eo} m is) z2 an ee ee es UO|s|aHEd
Slide 18: Power savings and longer battery life
18 Savings is like getting a baseband processor that uses no power during talk/data Phones run longer — the battery in the phone operates for talk/data use like a larger battery = ie) Zz Fa Q n = g 4 > 2 > 2 5 m io] Zz a UO|s|aHEd
Slide 19: Competitively Paired with VIA Chips for EVDO Phones
COMPETITIVELY PAIRED WITH VIA CHIPS FOR EVDO FEATURE/SMART PHONES Reference design for use with VIA 7.1 baseband processors World’s most advanced RF delivers superior performance with VIA based solutions du G3DNVAGV LSOW S,dTYOM ry 3 = z s 19
Slide 20: ParkerVision's Transmit Technology: The Devices
PARKERVISION'S TRANSMIT TECHNOLOGY THE DEVICES ADVANCED NON-LINEAR RF ARCHITECTURE © Unifies RF modulation / power amplification while taking advantage of non-linear techniques ° Redefines RF efficiency and linearity relationship ° Sizable and comprehensive patent portfolio vu > ET) x mi za = a fo}
Slide 21: ParkerVision's Unique RF Receiver Technology
Q: PARKERVISION’S UNIQUE RF RECEIVER TECHNOLOGY 2
Slide 22: ParkerVision RF Receiver Technology
PARKERVISION RF RECEIVER TECHNOLOGY * Inthe mid-90's ParkerVision determined that the traditional circuits used in RF receivers were preventing the company from advancing the size and cost goals of the auto-tracking cameras it designed & manufactured © ParkerVision R&D focused on innovating a better
Slide 23: A Fundamental Breakthrough in RF Downconversion
4 A FUNDAMENTAL BREAKTHROUGH IN RF DOWNCONVERSION Oo =z 5 PARKERVISION INVENTS RF ENERGY ‘tog tie i= SAMPLING (continusts process) 3 ‘+ ParkerVision’s R&D team determined that a fundamental limitation to advancing RF receivers were the analog RF ry downconverters used in the receivers * Adownconvert
Slide 24: RF Energy Sampling - A Fundamental Breakthrough
RF ENERGY SAMPLING - A FUNDAMENTAL BREAKTHR * For the first time RF Energy Sampling converged sampling (digital) with increased performance (linearity & dynamic range) over the analog mixers it replaces - while using lower voltages and less power * This made using discrete time sampling (digital) pr
Slide 25: Low Operating Voltage, Noise Reduction, Dynamic Range
25 a0 = ee is ig) 9) > &0 — © c Lu LL. cc Low Operating Voltage Inherent Noise Reduction Large Dynamic Range UO}s|Maed
Slide 26: Optimized direct conversion downconverter benefits
* Optimized direct conversion downconverter + Integration in CMOS or other Semiconductors + Maintains Performance at low voltages , + Reduces overall power consumption PS IS Required by small geometry semiconductors * Increases receiver sensitivity * Reduces off-chip and on-chip noise Teo ee TelTaef
Slide 27: What RF Energy Sampling Technology Enables
WHAT RF ENERGY SAMPLING TECHNOLOGY ENABLE: Fundamental RF High Performance High Performance P a . " : " : " Single Chip Wireless Energy Sampling Direct Conversion RF Direct Conversion 7 Systems Technology RF Downconverters Receivers Replaces 80+ year old analog Replaces analog mixers which expensive
Slide 28: The ParkerVision Patent Portfolio
THE PARKERVISION PATENT PORTFOLIO WORLD CLASS PORTFOLIO OF TECHNOLOGIES THAT DRAMATICALLY CHANGES THE WORLD OF COMMUNICATIONS
Slide 29: Comprehensive, Pioneering Patent Portfolio
COMPREHENSIVE, PIONEERING PATENT PORTFOLIO PATENT PROTECTED * Patent portfolio of 190 issued U.S. & foreign * ParkerVision believes its IP is proving critical patents covering wireless technology — prosecuted in high-volume wireless semiconductor by top patent law firm Sterne Kessler Goldstein & app
Slide 30: Third Party Recognition — Patent Portfolio Value & Importance
‘THIRD PARTY RECOGNITION — PATENT PORTFOLIO VALUE & IMPORTANCE PARKERVISION CONTINUES TO BE RANKED HIGHLY BY THE PATENT BOARD’S TELECOM SCORECARD PATENT PORTFOLIO OF 190 ISSUED US & FOREIGN PATENTS v0 > ] R z — a co} 2 So) 30
Slide 31: Third Party Patent Recognition
‘THIRD PARTY PATENT RECOGNITION y PARKERVISION CONTINUES TO BE RANKED HIGHLY BY THE PATENT BOARD’S TELECOM SCORECARD z Z 7 : < Patent Board B a ie} a) ryrery a (ur mission About Us fate Based foetal Rice petoms are pe, promt ay ‘Berman sess reg hres vce ope oe at ¥ 3 z g
Slide 32: Third Party Patent Recognition
THIRD PARTY PATENT RECOGNITION Ry THE PATENT BOARD’S TELECOM SCORECARD IS PUBLISHED QUARTERLY z Published in the on-line Wall Street Journal - considers six measurement metrics 2 B co} D $ Technology Strength: indicates an overall strength of the company’s patent portfolio 2 a holdings with a combin
Slide 33: Two #1 Rankings and One #2 on Patent Board Report
P TWO #1 RANKINGS AND ONE #2 ON THE PATENT BOARDS LATEST QUARTERLY REPORT z ParkerVision’s IP Significance Continues to be Recognized by Patent Board’s Latest Quarterly Analysis 2 ra] Only company ranked in the latest Telecom sector quarterly report with 3 (out of 6) #1 & #2 category rankings S ‘Sci
Slide 34: Third Party Patent Recognition: Science Strength
THIRD PARTY PATENT RECOGNITION RY SCIENCE STRENGTH fn cate | Se z ParkerVision’s IP Science Strength ranking is 2.6X that of the [parkervision ine 7 13613.8 2 Industry as measured by the Patent Board’s methodology Qualcomm inc 112,880 5218.3 a lyr corp 36,570 [2249 fe} 16000 loinectv Group ine 33,14
Slide 35: Third Party Patent Recognition: Research Intensity
‘THIRD PARTY PATENT RECOGNITION RESEARCH INTENSITY — atc | ese Research Intensity tracks and indicates the extent to which —T me = the patent portfolio Includes patents with above average Feta Wikclos fo =o ES Selonce Uniage br croup ple 26,300 _| 325 6 level 3 Communications Inc 5.330 | 2.55 aes Fo
Slide 36: Industry Impact
> az INDUSTRY IMPACT Company Mois [ome | WI ParkerVision Is Ascendant in the Patent Board’s IP Industry Lightsquared Private | 11.1 2 Impact measurement [ParkerVision tne 7 9.16 G Kineto Wireless Ine Private | 654 a 2 Fortinet ne 4340 [34 = aed brocade Communication ystemsinc | 2.540 | 2.34 = io IWe
Slide 37: ParkerVision's Commitment to Intellectual Property
PARKERVISION’S COMMITMENT TO INTELLECTUAL PROPERTY 37
Slide 38: Importance of Intellectual Property
IPORTANCE OF INTELLECTUAL PROPE! * ParkerVision has a deep and abiding commitment to, and belief in, the paramount importance of IP for any company to successfully compete ina knowledge-based economy © IP must be enforced if there is infringement — no point developing, investing in and owning IP if
Slide 39: Case Background: Qualcomm Case
CASE BACKGROUND QUALCOMM CASE * Qualcomm is an industry behemoth having shipped 1.8 billion chips the past 5 years * ParkerVision contends Qualcomm is infringing its intellectual property * ParkerVision filed a federal complaint against Qualcomm on July 20, 2011, alleging infringement of a number of
Slide 40: Expertise from Industry Leader
EXPERTISE FROM INDUSTRY LEADER MCKOOL SMITH ParkerVision * Retained McKool Smith as lead counsel in patent Public Relation: infringement case against Qualcomm in the zi Middle District of Florida * McKool Smith recognized by The National Law Journal and VerdictSearch as winning more Top 100 Verdicts
Slide 41: Case Schedule
CASE SCHEDULE MARKMAN SCHEDULED FOR AUGUST 10, 2012 camesasoieaic pray eemagocneics [Gai * Markman hearings are considered key events in feesncConncion earcnacenoncs™” | | patent lawsuits © The Judge will issue rulings regarding the Scones language and interpretations of the ae : ores ParkerVision p
Slide 42: ParkerVision Business Information
PARKERVISION BUSINESS INFORMATION 2
Slide 43: Organization
ORGANIZATION EXECUTIVE DIRECTORS © Jeffrey Parker (Chairman) © David Sorrells INDEPENDENT DIRECTORS © Papken der Torossian «Retired; former CEO of Silicon Valley Group and ECS Microsystems; former President at Plantronics © Bill Hightower Retired; former President, COO & Director of silicon ‘Valley
Slide 44: Balance Sheet and Operating Statement
NCE SHEET AND OPERATING STATEMENT. Q 3 Balance Sheet Highlights Summary of Operations 5 In 000's In 000’s except per share amounts Ss 12/31/2011 _ 12/31/2010 Yea Ended Decenbes 31 n 2 Cash and available for sale securities $5,240 $6530, Service Revenue s - 8s 64 S Cent of Sales a 3 Prepaid and other
Slide 45: Additional Background on RF Receivers Used in Mobile Phones
ADDITIONAL BACKGROUND ON THE RF RECEIVERS USED IN MOBILE PHONES BEFORE DIRECT CONVERSION RECEIVERS WERE WIDELY DEPLOYED 4s
Slide 46: First mobile handsets incorporated SuperHeterodyne receivers
& 2 First mobile handsets incorporated SuperHeterodyne receivers fa and were only voice communication. A big advance over the rs) wired phone but they had drawbacks — particularly in terms of bi daodtee Q complexity, translating to cost, size and poor battery life. 48 cohvcnacal rool Py © In 1983, t
Slide 47: Why Direct Conversion Receivers Replaced SuperHeterodyne
‘WHY DIRECT CONVERSION RECEIVERS HAVE REPLACED SUPERHETERODYNE IN VOLUME MOBILE PRODUCTS ‘Superheterodyne receivers are complex and use two or more stages of “downconversion” to convert the received RF carrier to the data signal represented by the modulation of the carrier. RF “downconvered™ AF “dow
Slide 48: Direct Conversion vs. SuperHeterodyne
DIRECT CONVERSION vs. JUPERHETERODYNE SuperHeterodyne receivers provide excellent receiver performance — but require complexity and many supporting components, increasing the cost and the necessary power consumption of the device. Direct conversion, an alternative to SuperHeterodyne receivers, had a
Slide 49: Direct Conversion Challenges
DIRECT CONVERSION CHALLENGES While greatly simplifying the RF receiver, direct conversion came with performance compromises that, until the early 2000's, delayed its widespread adoption for quality mobile products. Examples of historical direct conversion challenges widely recognized in the last cen