iBiquity Digital Corporation | HD Radio®

Harbour Light Technology Becomes HD Radioâ„¢ Design House in Hong Kong & China

Hong Kong Electronics Fair – April 15, 2009 – iBiquity Digital Corporation, the developer of digital HD Radio™ technology for AM and FM audio and data broadcasting, today announced that Hong Kong-based Harbour Light Technology has obtained an HD Radio original design manufacturers (ODM) license agreement.

“We are enthusiastic about offering our customers our new HD Radio products and services,” said Wallace Chim, Chief Operating Officer of Harbour Light Technology. “Our engineering experience, proximity to production, and ability to develop hardware, firmware and software from the ground up in-house, enable us to offer competitively priced, high-performance and timely products.”

Harbour Light has collaborated with LG Innotek to develop full HD Radio solutions for both home and portable products. The company is currently developing several iPod®/iPhone® docking stations for various HD Radio licensed receiver brands. Harbour Light’s 20-engineer development team is located in Shenzhen, China. The company currently provides professional integration service to buyers and manufacturers.

Jeff Jury, iBiquity’s Chief Operating Officer, said, “Harbour Light Technology is a key development resource for HD Radio product developers and our manufacturing partners located in China and South East Asia. Harbour Light is a full design house capable of providing both hardware and software resources and expediting development of low-cost, high-quality and feature-rich HD Radio products to meet the growing demand for digital radios.”

About iBiquity Digital Corporation

iBiquity Digital Corporation is the developer of HD Radio™ technology, which is fueling the digital radio revolution in the United States and around the world. The digital technology enables broadcasters to offer new FM channels through multicasting, crystal-clear sound and data services on both the AM and FM bands – all free, with no subscription fee. Leading broadcasters, consumer electronics manufacturers, automakers and retailers are committed to HD Radio technology. The only digital broadcast system approved by the Federal Communications Commission (FCC) for AM and FM radio in the U.S., HD Radio technology is now being used by nearly 2,000 stations with an additional 1,000 plus new HD2/HD3 channels available across the country.

Nearly 100 unique HD Radio products are available from well-known brands in more than 14,000 retail outlets across the country. And the HD Radio system is gaining momentum in the automotive industry with 13 brands committed to factory-install the technology in their vehicles: Audi, BMW, Ford, Hyundai, Jaguar, Kia, Land Rover, Lincoln, Mercedes, Mercury, Mini, Scion and Volvo.

Due in large part to HD Radio technology’s ability to deliver digital-quality sound and services while leveraging existing analog spectrum, commercial implementation is gaining momentum in various countries, including Brazil, Mexico and The Philippines. Testing and demonstrations of the system are also underway in Canada, China, Colombia, Germany, Indonesia, Jamaica, New Zealand, Poland, Switzerland, Thailand, Ukraine, Vietnam and various other countries 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 strategic partners Ford Motor Company, Harris, Texas Instruments and Visteon. Founded in 2000, iBiquity Digital is a privately held company with operations in Columbia, MD, Auburn Hills, MI, and Basking Ridge, NJ. For more information, please visit http://www.hdradio.com and http://www.ibiquity.com.

To arrange interviews or for additional information, please contact:

iBiquity Digital: Vicki Stearn, 443-539-4345; stearn@ibiquity.com; Nancy Zakhary/Scott Cianciulli (Brainerd Communicators) 212-986-6667, nancy@braincomm.comcianciulli@braincomm.com.

Note to editors: HD Radio™ and the “HD Radio” logo are proprietary trademarks of iBiquity Digital Corp. 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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