7/25/2002 - Microtune®, Inc. (NASDAQ: TUNE) today announced that it will supply Chrysler Group with radio frequency (RF) tuners for factory-installed radio/cassette players in Chrysler vehicles beginning in Model Year (MY) 2003.
"We value our key strategic supplier relationship with the Chrysler Group," explained Douglas J. Bartek, Chairman and CEO of Microtune. "With its award-winning vehicles, Chrysler manufactures some of the most sophisticated audio car electronics in the world today. By providing field-proven, cost-optimized tuner solutions based on our innovative RF technology, we enable Chrysler to meet customer expectations for superior AM/FM radio performance, quality and reliability."
The Microtune MT1384 AM/FM Tuner Subsystem
Chrysler Group will deploy a customized version of Microtune's newest AM/FM tuner, the MT1384 subsystem. Part of Microtune's family of highly specialized and environmentally ruggedized automotive RF products, the MT1384 is engineered to enable electronically tuned AM/FM performance, drift-free reception and clean, clear sound reproduction in mobile platforms.
With excellent sensitivity and superior adjacent channel and multipath suppression, the MT1384 automotive tuners receive weak signals and those packed in dense, urban signal environments. Implementing innovative agile filter adjustment techniques, the MT1384 subsystem analyzes the received signal and dynamically adjusts its filters to the best-suited configuration. This feature, together with the integrated multipath noise blanker, allows the MT1384 solution to enable clear sound with minimal noise and interference, even in the most critical receiving situations.
The tuner is manufactured under ISO 9002 and QS 9001 standards to meet stringent testing, operational and reliability specifications. Microtune's quality-driven product engineering and manufacturing ensures that radio systems perform to expectations, even over extended temperature ranges and under adverse environmental operating conditions.
Microtune Tuners for Automotive Electronics
Microtune is one of the leading suppliers of highly specialized RF tuners to the automotive and airline industries. In addition to its suite of AM/FM tuners, the company also offers RF products and subsystems for mobile multimedia/TV, wireless connectivity and telematics systems. These solutions enable TV reception, hands-free operation or broadband delivery of data in mobile environments, representing the leading edge of advanced technology for in-vehicle entertainment and information. Microtune's portfolio of RF products, including its silicon tuners, broadband amplifiers, Bluetooth™ -based integrated circuits and complete RF subsystems, also supports a broad range of consumer electronics markets.
Microtune, Inc. is a leading silicon and systems company that designs, manufactures and markets radio frequency (RF)-based solutions for the global broadband communications, automotive electronics and wireless connectivity markets. Inventors of the MicroTuner™ single-chip broadband tuner, the Company offers a portfolio of advanced tuner, amplifier, transceiver and wireless products that enable the delivery of information and entertainment across new classes of consumer electronics devices. The Company currently holds 14 U.S. patents for its technology, with more than 50 applications pending approval that span its RF and wireless products, containing almost 2000 supporting claims. Founded in 1996, Microtune is headquartered in Plano, Texas, with key design, manufacturing and sales centers located around the world. The web site is www.microtune.com
Microtune is traded on the NASDAQ Stock Exchange under the symbol TUNE.
Forward Looking Statement
This press release contains forward-looking statements, including those discussing the outcome and merits of the lawsuits, that are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are generally accompanied by words such as "plan", "estimate", "expect", "believe", "could", "would", "anticipate", "may", or other words that convey uncertainty of future events or outcomes. These forward-looking statements and other statements made elsewhere in this release are made in reliance on the Private Securities Litigation Reform Act of 1995. Factors which could cause actual results to differ include the Company's ability to successfully prosecute, defend and win the lawsuits and the ability of the Compay to recover the actual costs of the litigation , any of which may cause the Company's financial results to fluctuate. Readers are referred to the reports and documents filed by Microtune with the Securities and Exchange Commission from time to time, including its Form 10-K for the year ended December 31, 2001, Form 10Q for each quarter and Form S-3 filed on August 17, 2001, as amended.
Microtune is a registered trademark and MicroTuner, MicroStreamer and VideoCaster are trademarks of Microtune, Inc.
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