iBiquity Statement on FCC’s Decision Finalizing HD Radio™ Rules

COLUMBIA, Md. – Statement from iBiquity Digital's President and CEO Bob Struble on today's HD Radio™ ruling by the FCC:

"iBiquity Digital commends the FCC for its decision today to authorize the use of two additional HD Radio services – multicasting and datacasting – and allow AM HD Radio stations to begin nighttime broadcasting.  Today’s decision reinforces the Commission's support for the HD Radio system and provides automakers, broadcasters, receiver manufacturers and retailers with the certainty of formal adoption of critical HD Radio services.  We anticipate this action will also prompt a surge of activity from companies in each of these industries as they look to capitalize on the continuing momentum of the HD Radio rollout."

About iBiquity Digital

iBiquity Digital Corporation is the developer of the HD Radio™ system, which was approved by the FCC in October 2002.  This transformational technology allows AM and FM stations to broadcast digital signals in tandem with their analog signals, providing broadcasters with a platform to offer multiple channels of programming on the same frequency (multicasting); crystal-clear, CD-quality sound; advanced services such as traffic updates; and scrolling text and graphics content.  Over 1,200 U.S. HD Radio stations are now on the air, with more than 550 offering additional content via multicast channels. iBiquity’s investors are global leaders in the technology, broadcasting, manufacturing, media and financial industries. Information about iBiquity can be found at  www.ibiquity.com.

Please contact Vicki Stearn or Gil Chorbajian if you are interested in speaking with Mr. Struble about today's decision.

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