ParkerVision, Inc. · OTC:PRKR
ParkerVision — Investor Presentation (July 2014)
76 slides from ParkerVision's investor presentation, Jul 15, 2014
Slide 1: Corporate Presentation
Corporate Presentation July 15, 2014 ParkerVision
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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 f
Slide 3: Agenda
AGENDA Introduction — Jeffrey Parker, CEO Patent Litigation Update —- Doug Cawley, McKool Smith IPR Process — Robert Sterne, Sterne, Kessler, Goldstein & Fox Overview of ParkerVision Innovations — David Sorrells, CTO Component Product Operations — John Stuckey, Executive VP Licensing/Product Operati
Slide 4: Doug Cawley, McKool Smith
Doug Cawley McKool Smith ParkerVision
Slide 5: "Generating" Limitation was Satisfied
=“Generating” Limitation was Satisfied ParkerVision
Slide 6: "Generating" Limitation Was Satisfied
“Generating” Limitation Was Satisfied 23. An apparatus for down-converting a carrier signal to a lower frequency signal, comprising: an energy transfer signal generator; a switch module controlled by said energy transfer signal generator; and a cat Sa module be to said switch module; aliasing ca tha
Slide 7: "Generating" Limitation Was Satisfied
“Generating” Limitation Was Satisfied Terms Construction “baseband signal” “any generic information signal desired for transmission and/or reception” “lower frequency signal” “a signal with a frequency below the carrier signal frequency”
Slide 8: "Generating" Limitation Was Satisfied
“Generating” Limitation Was Satisfied ® Infringing Products include a capacitor at transistor outputs and low impedance load (Trial Tr. 10/8 at 86:19-89:6; 10/9 at 256:5-262:21; 10/10 at 11:18-15:22, 25:6-27:19, 54:17-63:11, 240:11-246:9) ® When the transistor is on, “energy flows from the carrier s
Slide 9: "Generating" Limitation Was Satisfied
“Generating” Limitation Was Satisfied ql. 12 13 14 15 16 17 18 19 20 Q Can you explain how this circuit works, Dr. Prucnal? A Yes. There is a local oscillator pulse that, for example, with this switch closes the switch. And when that occurs, energy flows from the carrier signal at the input of the s
Slide 10: "Generating" Limitation Was Satisfied
“Generating” Limitation Was Satisfied 21ff.Q And, Dr. Prucnal, 1f we go back to the previous 22] exhibit, which 1s Jx-62, can you explain to the jury, with 23] what you know about how the accused products operate, 24]] whether the means for generating the baseband signal from 25 |] the integrated en
Slide 11: Not Shown the Claims
Not Shown the Claims 25 | Q Dr. Prucnal, what role do the claims of the patents 1 |] play in the infringement analysis? 2 A The claims provide a description of what the patent 3] covers. They are the boundaries of the patent and what has 4] been invented. 5} Q How many claims were you shown by Mr. N
Slide 12: Not Shown the Constructions
Not Shown the Constructions 8]fQ And what role do the claim constructions play in an 9 |] infringement analysis? 10 |} A = The claim constructions are very essential because the 11 |] judge defines what certain claim terms mean, and I have to 12 |] incorporate that into the analysis. 13 |} 9 = And h
Slide 13: Testimony Qualcomm Points To
Testimony Qualcomm Points To 15 |] Q So at least in Qualcomm's architecture, the double 16 I] balanced mixture not only is capable of, it does, in fact, 17]] create the baseband before it hits the TX filter that 18 |] you're talking about now, correct? igffa Yes. Trial Tr. 10/10 at 177:15-19 (Prucna
Slide 14: Testimony Qualcomm Points To
Testimony Qualcomm Points To 15] 0 So at least in Qualcomm's architecture, the double 16 |] balanced mixture not only is capable of, it does, in fact, 17] create the baseband“before it hits the TX filter that [not included: “that is generated from the transferred energy”] 18] you're talking about no
Slide 15: Testimony Qualcomm Points To
Testimony Qualcomm Points To si Where I have drawn red circles on PX -- on PXx-847, 2] page 2000, where I have drawn those two red circles, you 3 || testified repeatedly to Mr. Budwin that there you have the 4]] baseband, correct? 5]|A That's the baseband, correct. 6]}0 Yes. And that is before the c
Slide 16: Testimony Qualcomm Points To
Testimony Qualcomm Points To 1 Where I have drawn red circles on PX -~ on PX-847, 2] page 2000, where I have drawn those two red circles, you 3 || testified repeatedly to Mr. Budwin that there you have the 4 |} paseband* correct? [not included: “that is generated from the transferred energy”] sj} A
Slide 17: Testimony Qualcomm Ignores
Testimony Qualcomm Ignores 1jfo and then if we go back for a minute to page 199 of the 2] same exhibit, which we were looking at just a second ago, 3]| the mixer has generated the baseband signal before reaching 4 || what you designated or indicated as the capacitor that has 5 || the arrow going int
Slide 18: Testimony Qualcomm Ignores
Testimony Qualcomm Ignores 13 14 15 16 a7 18 19 20 21 Q Fair enough. But in the Qualcomm circuit, a lower frequency baseband signal has been created. And can you point to the places where the baseband signal is? Basically, I just want you to show what corresponds to what you were pointing to on PX-8
Slide 19: Testimony Qualcomm Ignores
Testimony Qualcomm Ignores 19 20 Q And if you show the equivalent spot to the jury that you just showed on the Plaintiff's Exhibit, can you point where that is for the jury? A ‘This is the baseband output of this transistor. Q So it's once there. And then let's identify the other places where the ba
Slide 20: Any Inconsistencies Do Not Mandate JMOL
Any Inconsistencies Do Not Mandate JMOL © 10 11 12 a3 14 Now, in saying that you must consider all of the evidence, I do not mean that you must accept all of the evidence as true or accurate. You should decide whether you believe what each witness had to say and how important that testimony was. In
Slide 21: Any Inconsistencies Do Not Mandate JMOL
Any Inconsistencies Do Not Mandate JMOL ® “Even if [an expert’s] direct and cross-examination are not entirely consistent, the jury had the ultimate discretion to evaluate his credibility and weigh his presentation.” ® Presidio Components, Inc. v. Am. Tech. Ceramics Corp., 702 F.3d 1351, 1359 (Fed.
Slide 22: Robert Sterne
Robert Sterne Sterne Kessler Goldstein & Fox ParkerVision
Slide 23: ParkerVision IPR Actions
ParkerVision IPR Actions * Robert Greene Sterne is the lead attorney in ParkerVision IPR actions. * The IPR team is joined by attorneys from Finnegan (ParkerVision’s appellate firm) and Rick Nydegger with Workman Nydegger (one of ParkerVision’s patent prosecution firms).
Slide 24: Robert Sterne — IPR Expertise
Robert Sterne — IPR Expertise * Editor-in-Chief of the legal treatise Patent Office Litigation — atwo-volume work (1,000+ pages, 23 chapters, Thomson Reuters West) — was the first, and many consider now the definitive, treatise on the new IPRs and their interface with the district courts and the Fed
Slide 25: SKGF — IPR Expertise
SKGF — IPR Expertise * Sterne Kessler Goldstein & Fox PLLC is one of the premier specialists in handling Inter Partes Reviews (IPRs) in the United States. * Currently handling more IPRs and CBMs (132+) than any firm in the USA other than Fish & Richardson (the largest patent firm in the USA). — Finn
Slide 26: IPR Topics
IPR Topics * IPRs over the past 2 years have become a standard litigation tactic for infringers. * IPRs cannot be filed by the infringer more than one year after the infringer has been served with the infringement suit. * Inthe first wave of IPRs, the Patent Office instituted trial on a significant
Slide 27: Sample Cases
Sample Cases * Sterne successfully represented a major US university patent owner in the very first IPR where: — None of the challenged claims were instituted for trial; and — The IPR was dismissed. * Sterne successfully represented a patent owner in 4 IPRs where: — Some of the challenged claims did
Slide 28: IPR Process at PTAB
IPR Process at PTAB Petitioner Reply to PO Decision PO Response PO Response PO Reply Final Petition Preliminary ‘on ‘& Motion to & Opposition to Opposition Oral Written Filed Response Petition Amend Claims — to Amendment to Amendment Hearing Decision Sons Nomar tan 1 renin Hearing Se ‘ai on Request
Slide 29: David Sorrells
David Sorrells Chief Technology Officer ParkerVision
Slide 30: ParkerVision Research History
ParkerVision Research History Research with a Purpose — From the Beginning, We Solve Problems ParkerVision’s Research Paradigms (Paradigm: A basic set of beliefs that guide action) — Utility — Performance = Gon: ae SIZE — Future Use
Slide 31: ParkerVision Research History
ParkerVision Research History ¢ ParkerVision is Continuing Its Research Today —7 patents issued so far this year —Many inventions in the “queue” * ParkerVision continues to identify, develop, and protect advanced wireless technologies —These advanced technologies will move from “advanced” to “requir
Slide 32: ParkerVision's Research to Patent Connection
ParkerVision’s Research to Patent Connection * Identify and solve problems consistent with our Research Paradigms * Experienced engineering team (~35 RF engineers) with decades of RF and wireless system design work * We design, build, and test our inventions... * ...and invest in the highest quality
Slide 33: ParkerVision Patent Families
ParkerVision Patent Families Advantages: * low power consumption * small size * high performance/linearity (allows many devices to operate simultaneously in the face of noise and interference) * low voltage/low power operation * enables high level of integration (multiple receivers, baseband/DSP and
Slide 34: ParkerVision Patent Families
ParkerVision Patent Families Advantages: * low power consumption * small size * high performance/dynamic range (excellent signal quality and power output control range) * low voltage/low power operation * enables high level of integration (multiple receivers, baseband/DSP and transmitters on same di
Slide 35: ParkerVision Patent Families
ParkerVision Patent Families (Non-Linear Power Modulation (d2p) Advantages: * low power consumption (saves between 33% to 50% compared to current solutions) * software configurable (supports multi-waveforms/standards) * high performance/dynamic range (excellent power output control range) * low volt
Slide 36: ParkerVision Patent Families
ParkerVision Patent Families Advantages: * Enables longer distances * Increases wireless reliability * Increases the number of devices that can operate simultaneously + Increases data rates * Decreases power consumption Applies to: * Current Generation Wireless * Next Generation Wireless
Slide 37: ParkerVision Patent Families
ParkerVision Patent Families Advantages: * Enables devices to share/pass/coordinate data * Wireless Object exchange Applies to: * Current Generation Wireless * Next Generation Wireless
Slide 38: ParkerVision Patent Families
ParkerVision Patent Families Advantages: * Configurable for different performance/environments * Configurable for different interfaces * Configurable for different semi-conductor processes * Ultra-low power consumption Applies to: * Current Generation Wireless * Next Generation Wireless
Slide 39: Next Generation Wireless Overview
Next Generation Wireless Overview Number of Wireless Devices is Increasing Exponentially = Increasing Reliability Requirements x Decreasing Power Consumption Requirements Decreasing Size Requirements A Faster Time to Market Requirements y Increasing Interoperability Requirements
Slide 40: Next Generation Wireless
Next Generation Wireless The Next (Tidal) Wave of Wireless Devices is... — With the Internet of Things (loT), everyday physical objects will be connected to the Internet and be able to identify and communicate with other devices. — “The loT is significant because an object that can represent itself
Slide 41: Next Generation Wireless
Next Generation Wireless (Going Forward, The loT Requires: — High performance, scalable, configurable, and flexible wireless technologies, architectures, circuitry, and products — Higher Wireless Reliability — Lower Cost — Smaller Size — Increased Interoperability (Protocol Conversion)
Slide 42: Critical Technologies Required to Enable the IoT
Critical Technologies Required to Enable the loT ¢ Frequency Down-conversion ¢ Frequency Up-conversion Non-Linear Power Modulation (d2p) Antenna Control * Protocol Conversion * Transceiver Control
Slide 43: ParkerVision's Technical Vision
ParkerVision’s Technical Vision Wireless Performance Vision: “As Good As A Wire” — Innovate/Design/Implement/Patent technologies, architectures, circuitry, and products that can operate in the most demanding and crowded environments Wireless Device/Circuitry Vision: “No Tradeoffs Required” — ParkerV
Slide 44: ParkerVision's Technical Vision
ParkerVision’s Technical Vision Customers can capitalize all of the advantages of ParkerVision’s Technologies in four ways: ParkerVision & 3LP currently in discussions with customers ParkerVision
Slide 45: John Stuckey
John Stuckey Executive Vice President Corporate Strategy & Business Development ParkerVision
Slide 46: Overview — Component Product Operations
Overview — Component Product Operations * Strategic fit of the component business with ParkerVision * Selection and composition of target markets * Assessment of the competition within target markets * Review of the current product offering * Review of the current sales channel * Growth plan * Revie
Slide 47: Strategic Fit
Strategic Fit * Historically sought entry into high-volume consumer markets (Cellular, Wi-Fi) * Those markets now addressed by our IP Licensing and IP Protection initiatives * Component business complements innovation creation as well as IP Licensing and Defense * Targeting markets that are not acti
Slide 48: Targeted Markets
Targeted Markets Wireless Infrastructure — Largest of the target markets — Dominated by 4 key system providers (Ericsson 36%, Huawei 24%, Nokia 17%, Alcatel 14%) * RFID Readers * RF Test & Measurement Equipment * ISM Communications (Industrial, Scientific, & Medical) * Other various non-cellular com
Slide 49: Product Portfolio
Product Portfolio ‘Min RF Max RF Noise ‘Supply Voltage Phase Amplitude| Part Frequency Frequency Fess) Gareat | srrly cretion 2 PACE pccuracy Balance (us) (urs) dB (08) (ma) (V) (mw) (8m) __(d8m)__ (8m) _(° typ) lpvoaeaonoz 700, 1200-4055 x ae 25 ) 1s 5 10 levoagaie 1700 200-50 6028 95 6 2 4 10 010
Slide 50: Product Benchmarking
Product Benchmarking [Se nes (ow) (wi) (48) fma)—(vh (mw) (dBm) (48m) __(48m)_(° typ) lemssuomuz 700 «00 0s 7 Sts 1s maa ——700=smo00 sg 6 2 4 49 040 mm frou 00 300030 (asad) 22am) mnt ts petted 400 6000 6.9 145 50 65 30 a 02 0.07 cmeettor! 700270039 130 50 a 7% 34 1502s omeettor 09 ao as zo 50 BS go
Slide 51: Sales Channels
Sales Channels Nationwide Rep Coverage: 8 sales rep organizations in place covering the US market with approximately 35 sales engineers now promoting ParkerVision parts International Rep Coverage: 2 additional rep organizations in Asia to be signed up to cover China, Taiwan and Korea Global Distribu
Slide 52: Planning for Growth
Planning for Growth * Expansion of product line - product roadmap will allow opportunities to multiply the sales revenue for each customer project * Introduction of more integrated products - will enable an increase in the breadth of opportunities in which we can be considered ¢ Expansion of sales a
Slide 53: Product Roadmap
Product Roadmap Demodulators: Increased frequency range; integration of operational amps and filtering Modulators: Increased frequency range, enhanced performance Operational Amplifiers: Multi- purpose, multi-function amplifiers increase sales per opportunity Low Noise Amps (LNA) Bras Operational Am
Slide 54: Product Operations: RF Components
Product Operations: RF Components “ Now Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Aug Sep 2015
Slide 55: Product Operations: RF Components
Product Operations: RF Components ss Now Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Aug Sep 2015
Slide 56: Summary
Summary * Component business complements innovation creation as well as IP Licensing and Defense * Target markets are those not currently addressed by the licensing initiative * Competition is large with extremely high quantities of products to manage - opportunity exists for new entrants with bette
Slide 57: Kevin Rivette, Mark Gober — 3LP Advisors
Kevin Rivette Mark Gober 3LP Advisors ParkerVision
Slide 58: 3LP Topics - Overview
3LP Topics - Overview * Substantial underlying value — data-driven approach (examples only) * Large and growing market opportunity — “Internet of Things” (“loT”) and cellular * Licensing and product development update
Slide 59: ~70 different US patent examiners have found ParkerVision's inventions novel
~70 different US patent examiners since the early 2000s have found ParkerVision’s inventions to be novel Patent examiners (scientists, engineers, etc.) at the United States Patent Office who allowed ParkerVision patents after extensive review Aghdam, Freshteh N Gary, Erk A Mehrpour, Melody Phu, Sanh
Slide 60: Patent offices all over the world have agreed
Patent offices all over the world have agreed
Slide 61: Word frequency over time also suggestive of industry adoption
Word frequency over time also suggestive of industry adoption Non-patent literature oe ‘Terms suggesting PV's technology . Windowed sampler/integrator = Charge domain m Variable/control duty-cycle Hof docs ‘= Passive mixer + cap/integrator mSAW-less containing 20 ParkerVision’s earliest priority Ado
Slide 62: Large company abandoned its patent application
Large company abandoned its patent application because of two different ParkerVision patents Excerpt from patent examiner's review of a large company’s patent application — one example out of many ‘The Examiner respecttuly disagrees with this statement and directs Applicant's (Claim Rejections - 35
Slide 63: Another large company forced to narrow the scope of its patent
Another large company forced to narrow the scope of its patent because of another ParkerVision patent (Claim Rejections - 35 USC § 102 Excerpt from patent 1, The following is a quotation of the appropriate paragraphs of 35 U.S.C. 102 that examiner's review Of @1ar€ ee te bass forthe rejections under
Slide 64: Non-ParkerVision parties citing ParkerVision's patents
Over 800 instances in which a non-ParkerVision party “cited” ParkerVision’s patents — examples only Semiconductors sisrworks Consumer / electronics / ParkerVision’s devices patent citation network (selected companies) Larger halo sizes indicate more citation: to ParkerVision’s patent mrothooe. \ por
Slide 65: Companies citing PV are building on PV's fundamental technologies
Companies citing PV are building on PV’s fundamental technologies in a variety of markets = Capactor, ae . Tuning So a ng tte Networking & WieAab 4 era eg iy - OperatvRFID Tagging Elggtranics Devices + Envelope spools cela « constant Evel Bigiel yal Source: 3LP Analysis; Thomson Innovation Themescap
Slide 66: 3LP has conducted extensive engineering analysis
3LP has conducted extensive engineering analysis (one redacted example) 3LP is unable to show its large body of highly confidential engineering analyses
Slide 67: Qualcomm tested ParkerVision's technology in the late 1990s
Qualcomm tested ParkerVision’s technology in the late 1990s and endorsed it — extracts from public court filings August 11, 195 3: “This is virtually the holy grail of RF receiver designs” February 2, 1999: “We are very impressed with the performance! We can make a phone with their parts with higher
Slide 68: 3LP Topics - Overview
3LP Topics - Overview * Substantial underlying value — data-driven approach (examples only) * Large and growing market opportunity — “Internet of Things” (“loT”) and cellular * Licensing and product development update
Slide 69: By 2020, IoT units projected 3-4x that of cellular
By 2020, the number of IoT units is projected to be 3-4x that of cellular...but there isn’t a dominant loT RF player yet Billions of units — estimates only 30.0 25.0 20.0 15.0 10.0 5.0 26 billion units in 2020 —loT —Cellular 7 billion units in 2020 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2
Slide 70: Billions of dollars being invested in IoT
Billions of dollars being invested in loT MARCH 18, 2014 Internet of Things Companies Haul In More than $1 piv ctndghecom/ogintonatafehrgpmeesingansnt Google closes $3.2 billion pu h yf Nest Jasper Raises $50M at $1 Billion-Plus "Valuation For Internet Of Things pgs. com vrtrespta/201404/ Gaga ae So
Slide 71: The Internet of Things: connectivity between objects
The “Internet of Things”: connectivity between objects such as Bluetooth, ZigBee, Wi-Fi, etc.
Slide 72: Radio waves working in the same space
Radio waves working in the same space — performance needs to exceed specs of standards
Slide 73: The advantages of ParkerVision's technologies are exactly what IoT needs
The advantages of ParkerVision’s technologies are exactly what the Internet of Things needs Reduces impact of noise and interference Enables high performance wireless connections (better dynamic range) Scales at small chip geometries (65nm, 28nm, 14nm, etc.) Consumes low power (improves battery life
Slide 74: 3LP Topics - Overview
3LP Topics - Overview * Substantial underlying value — data-driven approach (examples only) * Large and growing market opportunity — “Internet of Things” (“loT”) and cellular * Licensing and product development update
Slide 75: Financial Update
Financial Update * Cash & Investments — Last Reported March 31, 2014: $25.3 MM — Estimated Cash Usage: $4-$4.5 MM per quarter * This estimate includes anticipated costs for current litigation * Cash Usage May be Reduced by Contingent Financing of Litigation
Slide 76: Summary
Summary ParkerVision