Information Technology

ParkerVision Appoints William G. Walters to Expanded Board

ParkerVision appointed investment banking veteran William G. Walters as a Class II director to fill a vacancy created by the expansion of its board.

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ParkerVision, Inc. (OTCQB:PRKR) has appointed William G. Walters as a Class II director. The appointment fills a vacancy created when the Jacksonville, Florida-based company expanded its board from four members to five.

#Walters’ investment banking background

Walters is retired from investment banking, where his work focused on micro and small cap companies. During that career, he raised over $3 billion and was involved in multiple initial public offerings, including those for Cheyenne Software, Take Two Interactive and Universal Display.

He holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania and a certificate from Harvard Business School’s Owner/President Management (OPM) program. ParkerVision said Walters remains an active investor in early-stage companies.

#CEO outlines board contribution

Jeffrey Parker, ParkerVision’s CEO, said Walters’ experience supporting micro and small cap companies and his knowledge of ParkerVision’s history, business objectives and challenges would add a distinct perspective to the board. Parker said the company looks forward to Walters’ contribution as it continues to explore future opportunities.

#ParkerVision’s business and patent actions

ParkerVision develops and licenses proprietary radio-frequency (RF) technologies intended to enable wireless solution providers to produce and sell advanced wireless communication products.

The company is also involved in several patent enforcement actions in the U.S. ParkerVision says those actions seek to protect patented rights that it believes are broadly infringed by other parties.

#Forward-looking statement disclosure

ParkerVision’s announcement stated that forward-looking statements involve risks and uncertainties, and that actual results could vary materially from those statements. The company said it does not guarantee that its plans, intentions or expectations will be achieved, and does not assume an obligation to update or revise forward-looking statements.

#Key Takeaways

  • William G. Walters was appointed as a Class II director of ParkerVision.
  • The appointment followed an expansion of the board from four members to five.
  • Walters’ background includes investment banking focused on micro and small cap companies and raising over $3 billion.
  • He has held roles involving multiple IPOs and remains an active investor in early-stage companies.
  • ParkerVision develops RF technologies and is pursuing patent enforcement actions in the U.S.

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