iBiquty Digital Extends HD Radio Broadcasters' Early-Adopter Discount through June 30, 2005

Columbia, Maryland -- February 11, 2005 -- iBiquity Digital Corporation announced today that it has extended its $5,000 introductory licensing discount for radio broadcasters until the end of June. On July 1, a new discounted fee schedule (see chart below) will take effect. Radio broadcasters planning to convert to digital over the next four years will continue to receive discounts on the $25,000 licensing fee.

"Broadcaster support of HD Radio technology over the past two years has been tremendous, with 2,500 stations across the country now committed to digital AM and FM broadcasting," said iBiquity Digital Corporation's COO, Jeffrey Jury. "In recognition of increasing enthusiasm for digital conversion, we have decided to extend our early adopter license fee through June 30 and continue to provide licensing incentives through 2008."

The license fee is a one-time payment that grants a station the right to use iBiquity Digital's HD Radio patents, software and trademarks for its main channel audio. Licenses must be in place before a station receives broadcast equipment that contains iBiquity Digital's intellectual property from manufacturers or resellers. The license fee structure detailed below is the same for all stations.

Licensing Deadline	Main Channel Licensing Fee	Digital Conversion Deadline
June 30, 2005	$5,000	December 31, 2005
June 30, 2006	$7,500	December 31, 2006
June 30, 2007	$10,000	December 31, 2007
June 30, 2008	$15,000	December 31, 2008

 

For additional details on the terms and structure of iBiquity Digital's licensing fee agreements, please visit http://www.ibiquity.com/licensing/lic_broadcasters.htm .

iBiquity Digital is the sole developer and licenser of HD Radio 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.

iBiquity Digital's technology, HD Radio™, allows for the transmission of a digital signal that radically improves the audio quality of existing AM/FM broadcasts while also enabling the introduction of on-demand interactive applications offering new information and entertainment capabilities-all of this within the current AM/FM radio spectrum so that consumers can continue to enjoy what they have in the past, but with higher quality and new features.

Our licensing program allows third-party partners, including manufacturers of consumer electronics, developers of broadcast and studio electronics, component makers, content providers, and broadcasters, to readily integrate this ground-breaking technology into their products and services on an OEM basis. Working with the expert resources of iBiquity Digital's development team, we can assist you in getting to market faster and more cost-effectively so that you can take advantage of the new revenue opportunities available from radio's transition to digital broadcasting.

For more information on how to become a licensee of iBiquity Digital please send an email to the appropriate address below:

Broadcasters - broadcaster@ibiquity.com
Consumer electronics or component manufacturers - cemanufacturer@ibiquity.com
Automotive OEM - automotiveoem@ibiquity.com
Broadcast equipment manufacturers - bcastequip@ibiquity.com
Advanced Application Services Partners - advancedapplications@ibiquity.com 

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