Key Milestone Highlighting Continuing Growth of Component and Receiver Sales SHENZHEN, China, Oct. 7
SHENZHEN, China, Oct. 7 /PRNewswire/ -- iBiquity Digital Corporation, the
developer of digital HD Radio(TM) 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. "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(TM)
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.
SOURCE iBiquity Digital Corporation
