1/10/2005 - iBiquity Digital, the sole developers of digital HD Radio technology, and ACE Technology, a South Korean-based manufacturer of Radio Frequency (RF) technology, have signed a license agreement whereby ACE has started the development of RF modules for use in HD Radio receivers. Increased availability of these modules will help HD Radio receiver manufacturers both speed their development and lower their product costs.
“HD Radio technology represents a significant business opportunity for ACE, and we expect to see high demand for our HD Radio modules,” said Seongdo Kim, Director of Media Communication Technology Institute, ACE Technology. “We look forward to having these modules incorporated into a variety of HD Radio consumer products from the industry’s leading manufacturers.”
“ACE is one of the premier component suppliers for the consumer electronics industry and having them as a development partner will help manufacturers of HD Radio receivers speed their time-to-market and reduce overall engineering costs,” said Jeffrey Jury, COO. iBiquity Digital Corporation. “This announcement represents another important step in helping expand the range of HD Radio products for the consumer market.”
About ACE Technology
Since its beginnings in 1980, ACE Technology has been one of the leaders in RF component technology and has constantly been evolving with the rapidly changing communications industry of Korea. As a global leader in the wireless information technology industry, ACE Technology is diversifying its products and services in an effort to keep abreast of the rapid convergence of wireless technologies, which continues to evolve.
About iBiquity Digital
iBiquity Digital is the sole developer and licenser of HD RadioTM technology in the U.S., which is transforming today's AM and FM radio stations to digital, enabling radically upgraded sound, crystal-clear reception and new wireless data services. The company's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and Viacom; leading financial institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor Company, Harris, Texas Instruments and Visteon. iBiquity, named one of Deloitte’s Fast 500 Companies, is a privately held with operations in Columbia, MD, Detroit, MI, Belmont, CA and Warren, NJ. For more information please visit: www.ibiquity.com.
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