Six Consumer Electronics Manufacturers Acquire Licenses to Build HD Radio Modules and Receivers

LAS VEGAS, NV, International Consumer Electronics Show – January, 2006 – iBiquity Digital Corporation, the sole developer of HD Radio™ technology, announced today that four new manufacturers – City Electronics, Daesung Electronics, OPUS Art and Technology Co. Ltd., Quincy Digital, Sangean and Zylux Acoustic Corp – have acquired licenses to develop HD Radio modules and receivers. These companies, along with existing HD Radio licensees RockRidge Sound Company Ltd. and Orient Power, will use iBiquity’s recently released HD Radio reference designs in manufacturing home and tabletop receivers.

“These manufacturers are among the largest OEM/ODM manufacturers in China, supplying product to many well-known brands and retailers in the U.S. Their decision to begin manufacturing HD Radio products signifies their belief in the size and potential of the HD Radio marketplace. It also demonstrates our commitment to making lower-priced HD Radio receivers available to U.S. consumers eager to take advantage of the great HD Radio sound quality and exciting features such as multicasting,” said Jeff Jury, chief operating officer, iBiquity Digital. “The combination of our existing reference designs and the speed at which these companies can manufacture products make it possible that we will see HD Radio receivers reach mass market retailers by summer 2006.”

The inclusion of these licensees gives HD Radio technology a broad footprint among module manufacturers in Asia. iBiquity Digital also has HD Radio partnerships with South Korean-based companies ACE Technology, Kiryung, Samsung Electro-Mechanics and TBK as well as Japan’s TOKO Inc.

About HD Radio™

More than 3,000 radio stations in the U.S. are either on the air today or in the process of converting to the HD Radio system with more than 600 HD Radio stations currently broadcasting in digital HD Radio technology. The system transmits digital audio and data alongside existing AM and FM analog signals, allowing listeners with HD Radio-compatible receivers to enjoy CD-quality sound, while virtually eliminating the static and hiss often associated with analog radio. Beyond delivering superior sound, the technology provides a platform for advanced new services, including scrolling text on receiver displays (e.g., artist names & song titles, weather forecasts, school closings); delivery of real-time traffic updates to vehicles; and multicasting -- a feature that allows FM stations to broadcast up to eight digital streams of programming over a single frequency and in addition to existing analog signals. HD Radio receivers are now available or are expected in early 2006 from: Audio Design Associates, Alpine, Boston Acoustics, DaySequerra, DICE Electronics, ECLIPSE by Fujitsu Ten, JVC, Kenwood, Panasonic, Polk Audio, Radiosophy, Rotel, Sanyo, and Yamaha, with many more under development.

About iBiquity Digital

iBiquity Digital Corporation is the sole developer and licenser of HD Radio™ technology in the U.S. HD Radio is transforming today's AM and FM radio stations to digital, enabling radically upgraded sound, crystal-clear reception, multicasting (multiple channels broadcast from the same FM station) and advanced data services such as real-time traffic updates. iBiquity Digital's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and Viacom’s Infinity Broadcasting; 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. Named one of Deloitte’s Fast 500 Companies, iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, and Warren, NJ. For more information please visit: www.ibiquity.com.

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