1 Million HD Radio™ Modules Manufactured To Date

Shenzhen, China – October 8, 2008 –iBiquity Digital Corporation, the developer of digital HD Radio™ technology for AM and FM audio and data broadcasting, announced today that over 1 million HD Radio modules have been manufactured for retail radio receivers using the Texas Instruments DRI Series chipsets. Module manufacturers leading the way to this milestone include ACE Dixxio, Kensen, Kiryung, Kwang Sung Electronics, LG Innotek, Powertech, Samsung EM, TOKO and Wistron NeWeb Corporation.

“This is an important milestone in the growth of the HD Radio market. It reflects the steady increase in product development and, ultimately, retail sales of HD Radio receivers,” said Jeff Jury, COO of iBiquity Digital Corporation. “More importantly, as next generation products come to market, there has been a significant drop in product development and production time. Many products are going through this cycle in less than six months, contributing to the rapid growth of products coming to market.”

Platforms supported by these modules include home AVR, table top radios, aftermarket in-dash and mobile products, plug-and-play devices and OEM car products. Modules from these manufacturers can be found in products from AAMP of America, Audiovox, Alpine, Coby, CSW, Denon, Dual, Harman/JBL, Insignia, Jensen, JVC, jWIN, Marantz, Onkyo, Pioneer, Polk, Radio Shack, Sangean and Yamaha.

The modules are based on iBiquity Digital's 1181, 2129 and 2023 I/O Specifications and Reference Designs. All modules are certified through iBiquity's certification process.

About iBiquity Digital

iBiquity Digital Corporation is the developer of the digital HD Radio™ system, which is fueling the digital radio revolution in the United States and around the world. Over 1,750 HD Radio AM and FM stations are on the air in the United States, with over 900 new HD2/HD3 multicast channels. The only digital broadcast technology approved by the Federal Communications Commission (FCC) for AM and FM radio in the United States, HD Radio technology allows stations to broadcast digital signals in tandem with their analog signals, providing broadcasters with a platform to offer crystal-clear, CD-quality sound and scrolling text and graphics; as well as multiple channels of programming on the same FM frequency (multicasting) and advanced services such as traffic updates; content…all subscription free.

There are more than 80 HD Radio products for sale at over 14,000 stores and online. HD Radio technology has also made great inroads in the automotive sector with factory-installed options announced by BMW, Ford, Hyundai, Jaguar, Lincoln, Mercedes, MINI, Mercury, Scion, and Volvo. Beyond the U.S., commercial implementation of HD Radio technology is gaining momentum around the world.

iBiquity Digital's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and CBS Radio; leading financial institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture Partners, FirstMark Capital and Flatiron Partners; and strategic partners Intel Capital, Ford Motor Company, and Harris. Founded in 2000, iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, and Basking Ridge, NJ. For more information, please visit http://www.hdradio.com and http://www.ibiquity.com.

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To arrange interviews or for additional information, please contact:

Vicki Stearn

iBiquity Digital Corp.

443-539-4345

stearn@ibiquity.com

Note to editors: “HD Radio™” and the HD Radio logo are proprietary trademarks of iBiquity Digital Corporation. All other trademarks are the property of their respective owners. The “HD” in HD Radio™ is part of iBiquity Digital’s brand name for its advanced digital AM/FM system. It does not mean hybrid digital or high-definition digital; both of these are incorrect.

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