ParkerVision 1998 10-K, filed on March 31, 1999

 

In 1997, the Company entered into an agreement with the IBM Corporation ("IBM") for the development, manufacture and marketing, under IBM's name, of wireless personal computer peripheral products utilizing the Company's proprietary technology.Throughout 1997, the Company continued to work toward integrating its technology into integrated circuits ("IC"), resulting in the completion of its first wireless IC called Eddie(TM). In January 1998, IBM terminated its agreement with the Company prior to testing of the new universal direct conversion receiver IC. Also in January 1998, the Company contracted with The Boeing Company ("Boeing"), an independent testing laboratory, to test its wireless technology. Boeing verified the Company's claims for the technology in a series of tests conducted in February 1998.

 

In December 1998, Questar InfoComm, Inc., a subsidiary of Questar Corporation, independently confirmed the performance of the Company's D2D(TM) technology. Questar InfoComm also invested $5 million in ParkerVision common stock in a private placement transaction and signed a letter of intent to jointly develop products utilizing the Company's D2D(TM) technology.