ParkerVision (PRKR) Awarded Supply Agreement for RF Chipsets
ParkerVision, Inc. (Nasdaq: PRKR) has entered into an agreement with its confidential baseband partner to supply RF chipsets that incorporate ParkerVision's d2p technology, for a 3G mobile handset design win. The agreement includes negotiated pricing and other terms for the baseband partner's purchase of one million RF chipsets from ParkerVision. The chipsets will be used with baseband processors sold to a leading mobile handset OEM, who is a significant customer of ParkerVision's baseband partner.
ParkerVision developed its chipset in conjunction with its baseband partner, a global supplier of mobile handset and data card baseband chipsets, to seamlessly interface with their line of baseband processors. ParkerVision and its baseband partner have worked closely to secure an initial design win for d2p-based chipsets from a leading handset OEM who is a current customer of the baseband partner. This OEM customer is targeting an initial product launch incorporating ParkerVision's chipset for late 2010. Upon receipt of its first OEM order, ParkerVision's baseband partner is committed to place a blanket purchase order for one million chipsets and to release an initial shipment for delivery under terms already negotiated. The handsets incorporating ParkerVision's chipsets are expected to launch in Asia in one of the world's fastest growing mobile handset markets.
ParkerVision, Inc. (ParkerVision) is engaged in the business of designing, developing, and selling radio frequency (RF) technologies and products for use in semiconductor circuits for wireless communication products.
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ParkerVision developed its chipset in conjunction with its baseband partner, a global supplier of mobile handset and data card baseband chipsets, to seamlessly interface with their line of baseband processors. ParkerVision and its baseband partner have worked closely to secure an initial design win for d2p-based chipsets from a leading handset OEM who is a current customer of the baseband partner. This OEM customer is targeting an initial product launch incorporating ParkerVision's chipset for late 2010. Upon receipt of its first OEM order, ParkerVision's baseband partner is committed to place a blanket purchase order for one million chipsets and to release an initial shipment for delivery under terms already negotiated. The handsets incorporating ParkerVision's chipsets are expected to launch in Asia in one of the world's fastest growing mobile handset markets.
ParkerVision, Inc. (ParkerVision) is engaged in the business of designing, developing, and selling radio frequency (RF) technologies and products for use in semiconductor circuits for wireless communication products.
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