iBiquity Turns Satellite-Ready Head Units into Digital AM/FM Receivers

1/9/2006 - iBiquity Digital, the sole developer of HD RadioTM technology, announced that it has developed a reference design for a universal tuner box that plugs into satellite-ready head units, enabling them to receive digital AM and FM signals, as well as FM Multicast signals. No special antennas or other accessories are required. The HD Radio tuner box will be compatible with both factory-installed receivers - including those from Chrysler, Ford and GM - and aftermarket receivers from companies such as Panasonic, Kenwood, Alpine, Pioneer and Sony.

"With more than 7 out of every 10 Americans able to receive HD Radio broadcasts and the leading radio broadcast groups launching a nationwide promotional and new programming campaign, we want to ensure that consumers have many options for experiencing the great sound quality and increased content offerings made possible with HD Radio technology," said Jeff Jury, chief operating officer, iBiquity Digital. "The universal HD Radio tuner box will provide consumers with an easy way to enjoy digital HD Radio programming while still using their existing car receivers and sound systems. We think this solution will be a strong addition to the list of HD Radio home and car receivers currently on the market."

About HD RadioTM
More than 3,000 radio stations in the U.S. are either on the air today or in the process of converting to the HD Radio system with more than 600 HD Radio stations currently broadcasting in digital HD Radio technology. The system transmits digital audio and data alongside existing AM and FM analog signals, allowing listeners with HD Radio-compatible receivers to enjoy CD-quality sound, while virtually eliminating the static and hiss often associated with analog radio. Beyond delivering superior sound, the technology provides a platform for advanced new services, including scrolling text on receiver displays (e.g., artist names & song titles, weather forecasts, school closings); delivery of real-time traffic updates to vehicles; and multicasting -- a feature that allows FM stations to broadcast multiple streams of programming over a single frequency and in addition to existing analog signals. HD Radio receivers are now available or are expected in early 2006 from: Audio Design Associates, Alpine, Boston Acoustics, DaySequerra, DICE Electronics, ECLIPSE by Fujitsu Ten, JVC, Kenwood, Panasonic, Polk Audio, Radiosophy, Rotel, Sanyo, and Yamaha, with many more under development.

About iBiquity Digital
iBiquity Digital Corporation is the sole developer and licenser of HD RadioTM technology in the U.S. HD Radio is transforming today's AM and FM radio stations to digital, enabling radically upgraded sound, crystal-clear reception, multicasting (multiple channels broadcast from the same FM station) and advanced data services such as real-time traffic updates. iBiquity Digital's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and Viacom’s Infinity Broadcasting; 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. Named one of Deloitte’s Fast 500 Companies, iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, and Warren, NJ.

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