iBiquity Digital Opens Asia Office to Support HD Radio Manufacturing Partners

Hong Kong – HK Electronics Fair – October 12, 2005 - iBiquity Digital Corporation, the sole developer of digital HD Radio™ technology, today announced that it has opened a liaison office in Taiwan to provide better support for HD Radio receiver and component manufacturers overseas. 

“As more Asian receiver and component manufacturers launch their HD Radio products, we feel it is important to provide them with local support and expertise,” said Jeff Jury, chief operating officer of iBiquity Digital. “The opening of an office in Asia is a reflection of our commitment to these companies and this region.”

The office will be headed by Tony Tsai, a business development manager for Greater China.  Tsai has extensive project management and customer interface experience in Asia with multiple technology companies, making him an excellent fit for the position. 

The opening of the Asia office is the second major announcement from iBiquity regarding the expansion of its international presence in the last month.  In September, the company announced that Perry Priestley had been hired as the director of international broadcast business development to help promote HD Radio technology outside the U.S. and identify international opportunities for the digital AM and FM broadcast system.

About HD Radio™

Over 2,800 radio stations in the U.S. are in the process of converting to the HD Radio system with more than 500 HD Radio broadcasters currently on the air. HD Radio technology 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 typically associated with analog radio.  Beyond delivering superior sound, the technology provides a platform for advanced new services, including scrolling text on receiver display screens (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 up to eight digital streams of programming over a single frequency and in addition to existing analog signals.  HD Radio receivers are now available or expected later this year from: ADA, Alpine, Boston Acoustics, DaySequerra, JVC, Kenwood, Panasonic, Radiosophy, Rotel, Sanyo, and Yamaha, with many more under development.

About iBiquity Digital Corporation

iBiquity Digital is the sole developer and licenser of HD Radio technology in the U.S. iBiquity Digital'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. Named one of Deloitte’s Fast 500 Companies, iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, Belmont, CA and Warren, NJ.   For more information please visit: www.ibiquity.com.

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